RBN Energy

AUGUST 4, 2025

But PADD 2 refineries are maxed out on heavy crude, so virtually all those incremental barrels will need to keep flowing south to refineries and export terminals along the Gulf Coast. Western Canadian crude oil production is rising fast. Can the pipelines from PADD 2 to PADD 3 handle the higher volumes?

Pipeline

Rigzone

JULY 17, 2025

million barrels on July 11, the EIA's latest weekly petroleum status report showed. million barrels from the week ending July 4 to the week ending July 11, the U.S. million barrels on July 11, 426.0 million barrels on July 4, and 440.2 million barrels on July 12, 2024. million barrels on July 11, 403.0

Crude Oil

Enverus

JUNE 19, 2025

Targeted Strikes Rattle Oil Markets Recent attacks on Iranian energy facilities caused a spike in oil prices, with Brent crude rising about $10 per barrel in the past month. Current market conditions suggest oil should be trading in the high $70s to low $80s per barrel based strictly on current OECD crude and product stock levels.

Energy

Rigzone

JULY 2, 2025

million barrels for the week ending June 27, an oil and gas report sent to Rigzone by the Macquarie team late Monday revealed. “For this week’s crude balance, from refineries, we model an increase in crude runs (+0.2 million barrels per day),” the Macquarie strategists added in the report.

Barrel

Rigzone

JULY 8, 2025

Image by Yarphoto via iStock The world’s biggest oil product market is hungry for barrels as traders grapple with a summer supply squeeze. The pressure on supplies has been driven by refinery closures on both sides of the Atlantic and a slew of recent outages, as well as the impact of production curbs by key OPEC+ producers.

Barrel

Oil & Gas 360º

JULY 31, 2025

Zhoushan Jinrun operates a terminal at Zhoushan, which is the base of some of China’s largest refineries. Some refineries in the Shandong province, home to the teapots, have stopped buying Iranian crude for fear of being next on the list of sanctions. million barrels per day (bpd). designated tankers.” Despite the U.S.

Oil

Rigzone

JULY 4, 2025

Demand in the country hit 18.995 million barrels per day last year, the report revealed, highlighting that this represented a 0.1 China was shown in the report to be the second biggest oil consumer last year, with 16.373 million barrels per day. Total oil liquids consumption came in at 20.307 million barrels per day for the U.S.

Oil

Rigzone

JULY 9, 2025

million barrels for the week ending July 4. million barrel build in the prior week, with the crude balance realizing significantly looser than our expectations,” the strategists stated in the report. “For this week’s crude balance, from refineries, we model a minimal reduction in crude runs.

Barrel

Rigzone

JULY 16, 2025

million barrels for the week ending July 11. million barrel build in the prior week, with the crude balance again realizing significantly looser than our expectations,” the strategists stated in the report. “For this week’s crude balance, from refineries, we model another small reduction in crude runs (-0.1

Barrel

Rextag

JUNE 10, 2025

million net acres and more than 2 billion barrels of oil equivalent (Boe) in undeveloped resources. The condensate produced is used in refineries, petrochemical plants, or as diluent, and requires stabilization before transport — usually handled at facilities operated by MPLX (Cadiz), Williams (Scio), or Ergon Inc. per share.

Condensate

Oil & Gas 360º

JULY 11, 2025

and European refineries. PDVSA’s crude oil and fuel exports averaged 805,500 barrels per day (bpd) last year, according to preliminary data from its 2024 financial and operational results. sanctions on Venezuela’s energy industry since 2019.

Oil

Oil & Gas 360º

JULY 8, 2025

(Oil Price) – Saudi Arabia’s crude exports soared by 412,000 barrels per day (bpd) in April from March, the latest data by the Joint Organizations Data Initiative (JODI) showed on Tuesday. Domestic refinery intake slumped in April from March, which also freed more barrels for exports. million bpd.

Crude Oil

Rigzone

JULY 24, 2025

million barrels on July 18, the EIA's latest weekly petroleum status report showed. million barrels from the week ending July 11 to the week ending July 18, the U.S. million barrels on July 18, 422.2 million barrels on July 11, and 436.5 million barrels on July 19, 2024. million barrels on July 18, 402.7

Crude Oil

Oil & Gas 360º

JUNE 23, 2025

Among the 19 specific industry sectors TIPRO uses to define the Texas oil and natural gas industry, Support Activities for Oil and Gas Operations led in the ranking for unique job listings in May with 1,972 postings, followed by Gasoline Stations with Convenience Stores (1,447) and Petroleum Refineries (824).

Gas

Rigzone

JUNE 27, 2025

million barrels on June 20, the EIA's latest weekly petroleum status report showed. million barrels from the week ending June 13 to the week ending June 20, the U.S. million barrels from the week ending June 13 to the week ending June 20, the U.S. million barrels on June 20, 420.9 million barrels on June 13, and 460.7

Crude Oil

Rigzone

JULY 23, 2025

million barrels for the week ending July 18. million barrel draw in the prior week, with the crude balance realizing significantly tighter than our expectations,” the strategists said in the report. “For this week’s crude balance, from refineries, we model a minimal reduction in crude runs. million barrels).

Barrel

Rigzone

JULY 3, 2025

produced 20.135 million barrels of oil per day in 2024. Saudi Arabia was shown in the report to be second biggest oil producer in the world last year, with 10.856 million barrels per day. Russia was ranked third for oil production in the EI report, with 10.752 million barrels per day. The report showed that the U.S.

Condensate

Oil & Gas Journal

JULY 23, 2025

China has better leverage in this scenario, so the focus has shifted to India’s Nayara refinery. India has ramped up Russian crude imports in recent years, lured by steep discounts and the suitability of Russian barrels for middle distillate refining. July 23, 2025 4 min read Photo from Nayara Energy.

Refinery

Valor

JUNE 30, 2025

average, and two announced refinery closures threaten over 17% of the state’s total refining capacity. per barrel, a sharp decrease of $9.41 billion barrels, with North Dakota’s reserves dropping the most by 12.3% (611 million barrels). million bpd during the first 20 days of June. per gallon versus the $3.20

Energy

Rigzone

JULY 30, 2025

million barrels for the week ending July 25. million barrel draw in the prior week, with the crude balance realizing looser than our expectations,” the strategists said in the report. “For this week’s crude balance, from refineries, we model a small increase in crude runs (+0.1 million barrels on July 18, 422.2

Barrel

Rigzone

JULY 28, 2025

Valero refineries processed 2.92 million barrels per day (MMbpd) in the April-June quarter, down from 3.01 Refining margin per barrel of throughput averaged $12.35, up from $11.14 The adjusted earnings per share of $2.28, assuming dilution, beat the Zacks Consensus Estimate of $1.73. Valero declared a dividend of $1.13

Refinery

Rigzone

JUNE 27, 2025

Block 15-1 provides stable crude oil to the domestic market through the Dung Quat Oil Refinery, and also brings natural gas to serve the gas industry in the Southeast region, making it “one of the strategic pillars [of] the national energy system,” Petrovietnam said.

BCF

Rigzone

JULY 21, 2025

Brent Crude $68.75 -0.77% Natural Gas $3.32 -6.98% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Canteen Workers at Exxon Refinery Due to Strike by Andreas Exarheas | Rigzone Staff | Monday, July 21, 2025 | 5:55 AM EST 'Fawley workers will be famished when the oil refinery's canteen staff strike over poverty pay', UK union Unite said.

Refinery

Oil Gas Leads

JULY 26, 2025

Today, Occidental’s transformation is undeniable: Domestic oil production grew from 650,000 barrels per day (bpd) in 2015 to over 1.4 to 3 million barrels of heavy crude per day , due to legacy refinery configurations built before the shale boom. million bpd in 2024 , according to company filings. still imports 2.5

Energy

Rigzone

JULY 1, 2025

TXOGA President Todd Staples said in the statement, “in these times of geopolitical uncertainty and military conflict, Texas remains not only a supplier of barrels but a builder of confidence” “It is encouraging to see job growth and for Texas and America to be seen as a stable trading partner.

Upstream

Rigzone

JULY 29, 2025

million barrels per day, down 8.6% Sheinbaum’s administration has been working on a broad plan to shore up the struggling oil producer, which has seen output slump to a four-decade low as its aging refineries bleed cash. Pemex posted a net income of 59.52 billion pesos ($3.2 billion) for the second quarter, compared with a 273.3

Finance

Oil Gas Leads

JULY 15, 2025

million barrels per day capacity , the pipeline was developed through a joint venture to meet growing demand for safe, efficient, and high-volume takeaway from West Texas. Spanning over 640 miles with a 1.5 midstream infrastructure. midstream infrastructure. miles Current Permitted Mileage (2024): 521.71

Pipeline

Oil & Gas 360º

JULY 14, 2025

Department of Energy has authorized the exchange of up to 1 million barrels from the Strategic Petroleum Reserve (SPR) to ease the crude shortage at Exxon’s refinery in Baton Rouge, Louisiana, after quality issues with the Mars crude grade emerged last week. (Oil Price) – The U.S. By Tsvetana Paraskova for Oilprice.com

Crude Oil

Rigzone

JULY 20, 2025

Milligan | Monday, July 21, 2025 | 2:55 AM EST The cap on Russian oil, currently set at $60 a barrel, will be lowered to $47.60 The cap on Russian oil, currently set at $60 per barrel, will be lowered to $47.60 A large oil refinery in India, part-owned by Russia’s state-run oil company, Rosneft PJSC, was also blacklisted.

Oil

Oil & Gas 360º

JULY 18, 2025

per barrel. The international benchmark, Brent Crude , was trading higher by 1.19%, and returned above the $70 a barrel mark, at $70.39. The international benchmark, Brent Crude , was trading higher by 1.19%, and returned above the $70 a barrel mark, at $70.39. As of 9:50 a.m. EDT on Friday, the U.S.

Oil

Rigzone

JUNE 8, 2025

“Notwithstanding the around 1 million-barrel-a-day increase in production quotas between March and June, an actual increase in production is hard to detect,” analysts including Martijn Rats said in a June 9 note. million barrels a day this year, outpacing global demand growth of about 800,000 barrels a day.

Oil

Oil & Gas 360º

JULY 15, 2025

(Investing) – LONDON -OPEC said the global economy may perform better than expected in the second half of the year despite trade conflicts and refineries’ crude intake would remain elevated to meet the uptick in summer travel, helping to support the demand outlook. Global refinery crude intake posted a sharp increase of 2.1

E&P

Oil & Gas 360º

JUNE 27, 2025

a barrel at 1328 GMT, while U.S. During the 12-day war that started after Israel targeted Iran’s nuclear facilities on June 13, Brent prices rose briefly to above $80 a barrel before slumping to $67 a barrel after U.S. Brent crude futures were up 42 cents, or 0.6%, to $68.15 It bought more than 1.8

Oil

Oil & Gas 360º

JULY 14, 2025

Benchmark oil prices are currently near $70 a barrel, down from a 2025 high of $82 in mid-January, but above the four-year low of $62 set in May. million barrels per day of production between April and September. President Donald Trump’s trade policies and rising OPEC+ production quotas. The group is set to add 2.5

Oil

Rigzone

JULY 25, 2025

The VLCC Nissos Keros loaded about 2 million barrels of ultra-low sulfur diesel from Saudi Arabia’s Jubail terminal and is currently signaling France where it’s due to arrive Aug. 30, according to Kpler and ship-tracking data compiled by Bloomberg. The vessel, which usually transports crude oil, was re-configured to carry diesel.

Crude Oil

Rigzone

JUNE 27, 2025

Image by Chaloemphan via iStock Russia’s oil product exports dropped in June to the lowest in eight months amid extended work at refineries supplying Baltic ports, coupled with efforts to stabilize domestic fuel supplies before the upcoming seasonal surge in agricultural and holiday consumption.

Refinery

Oil & Gas 360º

JULY 28, 2025

barrels since the region began dialing back its purchases from Russia after the invasion of Ukraine. barrels since the region began dialing back its purchases from Russia after the invasion of Ukraine. oil and gas. There’s also uncertainty around how European investment in the US energy sector might count toward the EU’s pledge.

Energy