Rigzone

JULY 17, 2025

Brent Crude $69.46 -0.09% Natural Gas $3.52 -0.56% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS USA Crude Oil Stocks Drop Week on Week by Andreas Exarheas | Rigzone Staff | Thursday, July 17, 2025 | 10:48 AM EST Crude oil stocks, not including the SPR, stood at 422.2 million barrels on July 11, 426.0 million barrels, U.S.

Crude Oil

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 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

Rigzone

JULY 9, 2025

Image by yamonstro via iStock In an oil and gas report sent to Rigzone by the Macquarie team on Tuesday, Macquarie strategists revealed that they are forecasting that U.S. million barrels for the week ending July 4. “For this week’s crude balance, from refineries, we model a minimal reduction in crude runs.

Barrel

Rigzone

JULY 16, 2025

Natural Gas $3.52 -0.17% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Macquarie Strategists See WoW USA Crude Inventory Build by Andreas Exarheas | Rigzone Staff | Wednesday, July 16, 2025 | 5:27 AM EST Macquarie strategists are forecasting that U.S. million barrels for the week ending July 11. million barrels per day).

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

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.

Condensate

Rigzone

JUNE 27, 2025

million barrels on June 20, the EIA's latest weekly petroleum status report showed. 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 on June 20, 420.9 million barrels, U.S.

Crude Oil

Rigzone

JUNE 27, 2025

Image by pavalena via iStock Vietnam Oil and Gas Group (Petrovietnam) and its joint venture partners have signed a product sharing contract (PSC) for Block 15-1 on the southern continental shelf of Vietnam. percent, Korea National Oil Corporation (KNOC) holds 11.4 percent, SK Group holds 7.2 percent, and Geopetrol holds 2.6

BCF

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, 422.2

Crude Oil

Rigzone

JULY 23, 2025

Image by Arsgera via iStock In an oil and gas report sent to Rigzone by the Macquarie Group late Monday, Macquarie strategists, including Walt Chancellor, revealed that they are forecasting that U.S. million barrels for the week ending July 18. million barrels per day) and imports down (-0.7 million barrels) and distillate (-0.8

Barrel

Valor

JUNE 30, 2025

This comes as California gas prices hit $4.61 average, and two announced refinery closures threaten over 17% of the state’s total refining capacity. national oil and gas rig count fell by seven to 547 for the week ending June 27, with oil rigs down six to 432 and natural gas rigs down two to a total of 109.

Energy

Rigzone

AUGUST 6, 2025

Image by sutthichai somthong via iStock In an oil and gas report sent to Rigzone by the Macquarie team late Monday, Macquarie strategists, including Walt Chancellor, revealed that they are forecasting that U.S. million barrels for the week ending August 1. million barrels per day) and imports down (-0.2 “This follows a 7.7

Barrel

Rigzone

JULY 18, 2025

Brent Crude $69.28 -0.35% Natural Gas $3.57 +0.65% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS WTI Flat as EU Targets Russian Refined Fuels by Bloomberg | Catherine Cartier, Mia Gindis | Friday, July 18, 2025 | 4:08 PM EST Oil ended flat as EU sanctions on Russian crude and refined fuels stirred uncertainty in the diesel market.

Barrel

Rigzone

JULY 1, 2025

“Since the Covid-low point, months of increase in upstream oil and gas employment have outnumbered months of decrease by 40 to 15,” TXOGA added, noting that oil and gas jobs pay among the highest wages in Texas.

Upstream

Rigzone

JULY 30, 2025

Image by Mst Hazera Begum via iStock In an oil and gas report sent to Rigzone by the Macquarie team late Monday, Macquarie strategists, including Walt Chancellor, revealed that they are forecasting that U.S. million barrels for the week ending July 25. million barrels per day) following a strong print last week,” they added.

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

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 Oxy holds a 40% stake in Net Power , which is developing zero-emission natural gas power plants that generate electricity while capturing CO₂ at the source. operations, reducing geopolitical risk.

Energy

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

Rigzone

JULY 29, 2025

million barrels per day, down 8.6% Natural gas output was almost 3.6 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. to develop offshore gas assets. billion pesos ($3.2

Finance

Rigzone: News

AUGUST 7, 2025

Image by Tanapon Kongbunrak via iStock ExxonMobil said its Canadian affiliate Imperial Oil has completed construction of a renewable diesel facility at its Strathcona refinery near Edmonton, Canada. Imperial’s refinery throughput averaged 376,000 bpd, lower than 387,000 bpd a year ago.

Completion

Rigzone

JULY 20, 2025

Brent Crude $68.75 -0.77% Natural Gas $3.32 -6.98% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS UK Joins EU in Lowering Price Cap on Russian Oil by Bloomberg | A. 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 Nardelli, A. Palasciano & E.

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.

Refinery

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

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

Rigzone

JULY 25, 2025

Image by Andrii Dodonov via iStock In a statement sent to Rigzone on Friday, UK union Unite announced that workers employed by the Compass Group at ExxonMobil’s Fawley oil refinery who were due to take strike action this weekend have suspended their industrial action.

Refinery

Oil & Gas 360º

JULY 28, 2025

The deal would require annual purchases of $250 billion of natural gas, oil and nuclear technology, including small modular reactors, according to EU officials. barrels since the region began dialing back its purchases from Russia after the invasion of Ukraine. Europe has become a major buyer of U.S.

Energy

Rigzone

JULY 29, 2025

a barrel while Brent settled above $72 a barrel, with both benchmarks at the highest since June. Trump’s warning follows the latest round of sanctions by the European Union targeting Russia, including penalties on India’s Nayara Energy, which has trimmed processing rates at a refinery as a result of the measures.

Barrel

CNBC: Energy

AUGUST 6, 2025

million barrels per day. Technicians stand next to an oil rig which is manufactured by Megha Engineering and Infrastructures Limited (MEIL) at an Oil and Natural Gas Corp (ONGC) plant, during a media tour of the plant in Dhamasna village in the western state of Gujarat, India, August 26, 2021. Amit Dave | Reuters U.S.

Barrel

Rigzone

JULY 22, 2025

to settle near $66 a barrel as risk-on sentiment faded, and oil traders rolled over positions ahead of the August contract’s expiration on Tuesday, adding to volatility. Image by hanakaz via iStock Oil fell for a third session as talks between the US and its trading partners gain urgency ahead of next week’s deadline.

Oil

Rigzone

AUGUST 4, 2025

0% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Tankers Deliver Russian Crude to India Despite USA and EU Pressure by Bloomberg | Weilun Soon, Rakesh Sharma | Monday, August 04, 2025 | 4:00 PM EST At least four tankers discharged millions of barrels of Russian crude at Indian refineries at the weekend.

Refinery

Rigzone

JULY 30, 2025

to settle at $70 a barrel, the highest since June 20, extending a rally that jolted prices out of a narrow range this month. India’s Nayara Energy is reducing run rates at its refinery as a result of the measures, stoking fears of exacerbated tightness in refined product markets that could bleed into oil prices.

Oil

Rigzone

JULY 21, 2025

West Texas Intermediate crude ended the day marginally lower near $67 a barrel on Monday, after slipping 1.6% Late last week, the 27-nation bloc agreed on a package of sanctions against Moscow, including a lower price cap on the country’s crude and a ban on a large refinery in India. a barrel in New York. 1 deadline.

Oil

Rigzone

JULY 25, 2025

West Texas Intermediate crude slid more than 1% to settle near $65 a barrel after President Donald Trump said the US has a 50-50 chance of striking a trade deal with Europe, a contrast to the optimism the bloc’s diplomats expressed this week. Oil Prices WTI for September delivery fell 1.3% to settle at $65.16 What do you think?

Oil

NGT News

AUGUST 12, 2020

million barrels of renewable diesel per year for five years from a converted California refinery starting in 2022. The renewable diesel will be sourced from a refinery acquired by Global Clean […]. The post ExxonMobil, Global Clean Energy Holdings Sign Renewable Diesel Agreement appeared first on NGT News.

Refinery

Egypt Oil & Gas

APRIL 10, 2025

The first South Pars Gas Refinery achieved strong operational performance during the Iranian year 1403 (March 2024 March 2025), producing over 10 billion cubic meters (bcm) of sweetened gas, according to a report by SHANA. In addition to sweetened gas, the refinery also produced over 7.26

Refinery

Oil & Gas 360º

APRIL 22, 2025

Energy Market Assessment: Expectations and oil prices have bottomed with heading up to summer- oil and gas 360 The drop in the price of crude oil, from its Winter high to a Spring-Time low exaggerated by Tariff Fear has us conclude the drop has bottomed. The consensus is set up to be caught short by refinery runs next increasing.

Crude Oil