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Israel’s Haifa Oil Refinery Damaged in Missile Strike

OilPrice

Oil started the week with a gain, after an Iranian missile attack caused damage to the Haifa refinery in Israel over the weekend, prompting a partial shutdown, Israeli media reported, saying the facility remained operational. per barrel, with West Texas Intermediate at $73.77 per barrel.

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Weak refinery, export demand weakens prices for Midland crude along Texas coast

Oil & Gas 360º

(Investing) –HOUSTON – The price spread between WTI Midland crude in West Texas and Houston has narrowed this year as cold weather hurt Permian production, driving up prices, but weaker refinery and export demand on the U.S. That compared to an average of 50 cents a barrel a year ago, when record crude production at the top U.S.

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OPEC+ Quota Hikes Yet to Deliver Oil Surge: Morgan Stanley

Rigzone

“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.

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IBBC Conference: Iraq Prioritises Gas Investment to Boost Growth

Iraq Business News: Oil & Gas

He outlined Iraq's major achievements in the oil and gas sector, including: Adding 380,000 barrels per day to refining capacity. Meanwhile, the government is progressing with a 700 km, 56-inch oil pipeline from Basra to Haditha, supporting domestic refineries and export capacity.

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Nigeria hires former CEO of Shell unit to lead state oil company

Oil & Gas 360º

His five-year tenure coincided with a dramatic downturn in production, with Nigerias output of almost 2 million barrels per day dropping to almost half that amount as oil majors exited onshore wells plagued by persistent security issues.

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EOG Resources Acquires Encino for $5.6B, Expands Premier Utica Shale Position

Rextag

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.

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Pastures of Plenty - PADD 4 Pipeline Connections, Higher Output Help it Balance Crude Market

RBN Energy

That limits the need for refinery capacity, which matches the regions average annual consumption and is only outstripped in the summer months. In todays RBN blog, well look at how PADD 4 dispenses these barrels and its role in balancing continental crude oil supply and demand.