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Crude oil inventories in the United States fell by 11.5 million barrels during the week ending June 13, according to new data from the U.S. million barrels, roughly 10% below the five-year average for this time of year. Energy Information Administration (EIA) released on Wednesday. The drop brings commercial stockpiles to 420.9
Weekly Crude Oil Storage as of June 6, 2025 U.S. commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) decreased by 3.6 million barrels from the previous week. million barrels, U.S. million barrels, U.S. Summary of weekly petroleum data for the week ending June 6, 2025 U.S.
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell again this week, this time by 370,000 barrels in the week ending June 6 after analysts had estimated a 700,000-barrel build. million barrel inventory decrease in the prior week. The API reported a 3.3
Crude oil inventories in the United States saw a large increase of 6.2 million barrels during the week ending March 28, according to new data from the U.S. Crude oil prices were trading up prior to the crude data release by the U.S. crude oil inventories amid a small gasoline draw. ET at $74.50a
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 1.057 million barrels for the week ending April 4, after a 6.037 million barrel spike in the prior week. million barrels again to 396.7 million barrels in the week ending April 4.
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 4.6 million barrels for the week ending March 21. million barrels. So far this year, crude oil inventories have climbed more than 16 million barrels, according to Oilprice calculations of API data.
Geological Survey (USGS) has discovered large oil and gas deposits in the Mowry Composite Total Petroleum System that spans parts of Wyoming, Colorado and Utah. The report estimates large hydrocarbon resources, including 473 million barrels of oil and 27 trillion cubic feet (tcf) of natural gas.
The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 6.037 million barrels for the week ending March 28, after a 4.6 million barrel drop in the prior week. million barrels again to 396.4 million barrels in the week ending March 28.
The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose again, this time by 2.499 million barrels in the week ending May 16 after analysts had estimated a 1.85-million-barrel million-barrel draw. The API reported a 4.287 million barrel inventory increase in the prior week.
Crude oil inventories in the United States fell by 4.3 million barrels during the week ending May 30, according to new data from the U.S. Crude oil prices were trading up prior to the crude data release by the U.S. On Tuesday, the American Petroleum Institute (API) reported a drop of 3.3 million barrels in U.S.
Russian President Vladimir Putin has extended a ban on the sale of Russian oil and petroleum products to buyers that comply with the Western-imposed price cap, pushing the restriction through the end of 2025. The goal of the Western policy was to keep Russian oil flowing to global…
The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 4.593 million barrels for the week ending March 14. million-barrel build. So far this year, crude oil inventories have climbed more than 21 million barrels, according to Oilprice calculations of API data.
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell 4.565 million barrels in the week ending April 18. million barrel build in the prior week. So far this year, crude oil inventories are still up more than 19 million barrels, according to Oilprice calculations of API data.
Crude oil prices earlier today touched a three-week high, driven by the latest U.S. oil inventory report by the American Petroleum Institute and expectations of tighter supply on Washingtons double-down on oil sanctions against Iran and Venezuela. per barrel at the time of writing, with West Texas Intermediate at $69.12
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell 4.49 million barrels in the week ending May 2, after analysts had estimated a 2.5-million-barrel million-barrel draw. million barrel inventory hike in the prior week. The API reported a 3.76
Iraqs government has signed a deal with Chinese Geo-Jade Petroleum to expand production at the Tuba oil field, build a refinery and two power plants. The refinery that Geo-Jade Petroleum will build will have a capacity of 200,000 barrels daily.
Crude oil inventories in the United States saw an increase of 4 million barrels during the week ending May 9, according to new data from the U.S. Crude oil prices were trading down prior to the crude data release by the U.S. crude oil inventories with draws in gasoline and distillate stocks. At 10:21am in New York, the
crude oil production surged to an all-time high in March, reaching 13.488 million barrels per day, according to newly released monthly EIA data. Total petroleum product supplieda broad proxy The increase reflects steady momentum from the Permian and Gulf Coast operatorseven as drilling activity slows elsewhere.
Crude oil inventories in the United States saw an increase of 200,000 barrels during the week ending April 18, according to new data from the U.S. Crude oil prices were trading down prior to the crude data release by the U.S. Energy Information Administration released on Wednesday.
Stronger economic growth than previously expected and booming demand for petrochemicals will lift Chinas oil demand by 1.1% this year, according to state giant China National Petroleum Corporation (CNPC). million barrels per day (bpd) in a conversion with a ton-to-barrel ratio of 7.33.
Crude oil inventories in the United States saw an increase of 1.7 million barrels during the week ending March 14, according to new data from the U.S. Crude oil prices were trading down prior to the crude data release by the U.S. crude oil inventories amid a strong gasoline draw. essentially
(Oil Price) – As if WTI oil prices in the low $60s per barrel aren’t enough to slow production growth at America’s top producing shale basin, the Permian, new guidelines for permitting saltwater disposal wells could raise the costs for operators, especially smaller producers with limited resources.
The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose 3.76 million barrels in the week ending April 25, after analysts had estimated a much smaller 390,000-barrel build. The API reported a 4.565 million barrel dip in the prior week.
Crude oil inventories in the United States saw an increase of 2.6 million barrels during the week ending April 4, according to new data from the U.S. Crude oil prices were trading sharply down prior to the crude data release by the U.S. On Tuesday, the American Petroleum Institute
Nigerias government has set a new, significantly higher, production target for the national oil company, aiming for 2.5 million barrels daily by the end of this year. When the new NNPC management visited me, I increased their oil production target to 2.5
Crude oil inventories in the United States saw a decrease of 3.3 million barrels during the week ending March 21, according to new data from the U.S. Crude oil prices were trading up prior to the crude data release by the U.S. million barrels in U.S. crude oil inventories amid a strong gasoline draw.
Crude oil inventories in the United States saw a decrease of 2 million barrels during the week ending May 2, according to new data from the U.S. Crude oil prices were trading down prior to the crude data release by the U.S. million barrels in U.S. crude oil inventories with draws in gasoline and distillate stocks.
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell this week, by 4.236 million barrels in the week ending May 23 after analysts had estimated a 1-million-barrel build. The API reported a 2.499 million barrel inventory increase in the prior week.
Albertas Premier Danielle Smith has discussed potential overseas sales of Alberta-owned heavy oil with a global oil and petrochemical firm, the Canadian oil-producing province said this week. Given the significant volume of conventional
Weekly Crude Oil Storage as of May 30, 2025 U.S. commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) decreased by 4.3 million barrels from the previous week. million barrels, U.S. million barrels, U.S. Summary of weekly petroleum data for the week ending May 30, 2025 U.S.
The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 2.4 million barrels for the week ending April 11. The API estimated a 1.057 million barrel drop in the prior week. Analysts expected a loss of 1.680 million for the week.
The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 4.287 million barrels in the week ending May 9a shock after analysts had estimated a 2.4-million-barrel million-barrel draw. million barrel inventory decrease in the prior week. The API reported a 4.49
Crude oil inventories in the United States saw an increase of 1.4 million barrels during the week ending March 7, according to new data from the U.S. Crude oil prices were trading up prior to the crude data release by the U.S. crude oil inventories amid strong product draws. The Brent benchmark was trading
The Organization of Petroleum Exporting Countries (OPEC) reduced its crude oil production in March, ahead of its planned production increase for May, a new Bloomberg survey showed on Tuesday. OPEC reduced its crude oil production for March to an average of 27.43
Crude oil prices reversed their trajectory from earlier this week, trending lower today after the American Petroleum Institute reported an estimated inventory rise in both gasoline and middle distillates, and Saudi Arabia cut its oil prices for Asian buyers to an almost four-year low. Brent crude was trading at $64.76
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell again this week, this time by 3.3 million barrels in the week ending May 30 after analysts had estimated a 900,000-barrel draw. The API reported a 4.236 million barrel inventory decrease in the prior week.
Kuwait, one of the top OPEC producers in the Middle East, plans to invest as much as $50 billion to raise its oil production capacity to above 3 million barrels per day (bpd) over the next five years, Kuwait Petroleum Corporations deputy chairman and CEO, Shaikh Nawaf Al-Sabah, has said.
Weekly Crude Oil Storage as of March 14, 2025 U.S. commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 1.7 million barrels from the previous week. million barrels, U.S. million barrels, U.S. crude oil refinery inputs averaged 15.7 Imports U.S.
Crude oil inventories in the United States saw an increase of 500,000 barrels during the week ending April 11, according to new data from the U.S. Crude oil prices were trading up in a rare show of strength prior to the crude data release by the U.S. On Tuesday, the American Petroleum Institute (API) reported a build of 2.4
Weekly Crude Oil Storage as of May 16, 2025 U.S. commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 1.3 million barrels from the previous week. million barrels, U.S. million barrels, U.S. Summary of weekly petroleum data for the week ending May 16, 2025 U.S.
Weekly Crude Oil Storage as of May 9, 2025 U.S. commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 4.0 million barrels from the previous week. million barrels, U.S. million barrels, U.S. Summary of weekly petroleum data for the week ending May 9, 2025 U.S.
Weekly Crude Oil Storage as of May 2, 2025 U.S. commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) decreased by 2.0 million barrels from the previous week. million barrels, U.S. million barrels, U.S. Summary of weekly petroleum data for the week ending May 2, 2025 U.S.
Weekly Crude Oil Storage as of April 25, 2025 U.S. commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) decreased by 2.7 million barrels from the previous week. million barrels, U.S. million barrels, U.S. crude oil refinery inputs averaged 16.1 Imports U.S.
Weekly Crude Oil Storage as of April 18, 2025 U.S. commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 0.2 million barrels from the previous week. million barrels, U.S. million barrels, U.S. crude oil refinery inputs averaged 15.9 Imports U.S.
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