OilPrice

JUNE 9, 2025

Crude oil prices could decline below $50 a barrel this year, according to analysts from outlets including S&P Global. This will give American drivers much needed relief at the pump after years of gas price inflation. One reason for the hypothetical decline is what is widely seen as weakening demand growth.

Oil 360

Oil Crude Oil Drivers Barrel 360

OilPrice

APRIL 2, 2025

Indias crude oil imports from the United States jumped by 67% in March from a month earlier as Indian refiners scrambled to replace Russian volumes and the U.S. pushed for India and other major trade partners to buy more American energy. Indias U.S.

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Crude Oil Oil Barrel Energy 301

OilPrice

JUNE 10, 2025

crude oil production is now forecast to slip from a record 13.5 Peak shale may already be behind us. million barrels per day (bpd) in Q2 2025 to around 13.3 million bpd by the end of 2026, according to the U.S.

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Crude Oil Barrel Oil Energy 360

OilPrice

MARCH 18, 2025

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. So far this year, crude oil inventories have climbed more than 21 million barrels, according to Oilprice calculations of API data. Analysts had expected a smaller 1.7

Crude Oil 283

Crude Oil American Petroleum Institute API Oil 283

OilPrice

MAY 7, 2025

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. crude oil inventories with draws in gasoline and distillate stocks.

Crude Oil 266

Crude Oil American Petroleum Institute Oil API 266

OilPrice

APRIL 2, 2025

Crude oil inventories in the United States saw a large increase of 6.2 Crude oil prices were trading up prior to the crude data release by the U.S. crude oil inventories amid a small gasoline draw. crude oil inventories amid a small gasoline draw. ET at $74.50a

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Crude Oil Barrel American Petroleum Institute Oil 269

OilPrice

MARCH 19, 2025

Crude oil inventories in the United States saw an increase of 1.7 Crude oil prices were trading down prior to the crude data release by the U.S. crude oil inventories amid a strong gasoline draw. crude oil inventories amid a strong gasoline draw. essentially

Crude Oil 274

Crude Oil American Petroleum Institute Oil API 274

OilPrice

JUNE 6, 2025

Venezuela hasn’t waited long to replace Western service providers in its oil industry after the U.S. sanctions, Western oil producers were given time until May to wrap up their operations in Venezuela, home to the world’s biggest crude oil reserves. Under the U.S.

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Oil Crude Oil Operator IT 290

OilPrice

APRIL 29, 2025

The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose 3.76 So far this year, crude oil inventories are up more than 23 million barrels, according to Oilprice calculations of API data. The API reported a 4.565 million barrel dip in the prior week.

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Crude Oil American Petroleum Institute API Oil 245

OilPrice

APRIL 22, 2025

Saudi Arabias crude oil exports jumped by nearly 500,000 barrels per day (bpd) in February compared to January, the latest data from the Joint Organizations Data Initiative (JODI) showed on Tuesday. Saudi crude oil production averaged 8.947 million bpd in February, essentially flat compared to the 8.917 million

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Crude Oil Oil Barrel 271

OilPrice

APRIL 2, 2025

Global seaborne crude oil flows rose in March from February, just ahead of the supply increase coming from OPEC+ in April, oil flows tracking data by Bloomberg showed on Wednesday. Global crude exports averaged 39.92

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Crude Oil Oil Barrel 294

OilPrice

APRIL 23, 2025

Chinese state-controlled refining giant Sinopec has returned to buying Russian crude oil after halting purchases last month due to concerns about the U.S. sanctions on Russias oil trade and shadow tanker fleet imposed in January, trade sources told Reuters on Wednesday.

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Crude Oil Oil IT 275

OilPrice

APRIL 16, 2025

Crude oil edged more than 2% higher on Wednesday, driven primarily by hopes that tensions will ease in the U.S.-China ET, Brent crude was trading up 2.09% at $66.02, while the U.S. China trade conflict and U.S. inventory data. At 1:28 p.m. benchmark, West Texas Intermediate (WTI), was trading up 2.12% at $62.63. A weaker U.S.

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Crude Oil Oil 276

OilPrice

MAY 2, 2025

Crude oil futures tumbled over the past week, falling more than 6% as concerns over weakening global demand and a resurgent supply outlook weighed on sentiment. West Texas Intermediate (WTI) briefly hit a low of $56.39 before recovering to $59.24 by Thursdays close.

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Crude Oil Oil Manufacturing 263

OilPrice

APRIL 15, 2025

The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 2.4 So far this year, crude oil inventories have climbed more than 24 million barrels, according to Oilprice calculations of API data. million barrels for the week ending April 11.

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Crude Oil American Petroleum Institute API Oil 222

OilPrice

MAY 13, 2025

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 So far this year, crude oil inventories are up more than 23 million barrels, according to Oilprice calculations of API data.

Crude Oil 207

Crude Oil American Petroleum Institute API Oil 207

OilPrice

JUNE 10, 2025

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. The API reported a 3.3 million barrel inventory decrease in the prior week.

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American Petroleum Institute API Crude Oil Oil 190

OilPrice

JUNE 6, 2025

Light crude oil futures rallied this week, closing Thursday at $63.37 per barrel—up approximately 4.2%—as as the market digested a cocktail of bullish catalysts.

Oil 231

Oil Crude Oil Barrel IT 231

OilPrice

JUNE 6, 2025

Wary of the ‘Hockey Stick’, Oil Traders Hedge Their 2025 Exposure - Open interest in WTI calendar spread options - contracts that see market participants bid on the future value of crude oil futures across different delivery months – has reached an all-time high as traders expect this year’s assumed oversupply to only materialize in 2026. -

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Oil Crude Oil Barrel 227

POWER Magazine

APRIL 30, 2025

While Alberta’s historical energy legacy has been defined by coal and crude oil, the Canadian province has embraced renewables and carbon capture over the past two decades, and is now exploring small modular The post Alberta’s Deregulated Grid Is Bracing for 11 GW of New Demand appeared first on POWER Magazine.

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Crude Oil Oil Energy Energy 225

OilPrice

MARCH 18, 2025

Turkey has started to diversify its oil supply away from Russia and is buying crude from as far as Brazil after its top refiner limited intake of Russian oil only to G7 price-compliant barrels, Bloomberg reported on Tuesday, quoting data from Vortexa.

Crude Oil 284

Crude Oil Oil Barrel IT 284

BOE Report

JUNE 11, 2025

Alberta Premier Danielle Smith said on Wednesday the province is working to present Canadian Prime Minister Mark Carney with a proponent and route for a potential new crude pipeline from Alberta to the Port of Prince Rupert in British Columbia.

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Pipeline Crude Oil Government Oil 143

OilPrice

JUNE 12, 2025

crude oil production to decline in 2026, although the Energy Information Administration forecast such a development. Energy Secretary Chris Wright does not expect U.S. That is a projection — we don’t know what’s going to happen next year,” Wright told Bloomberg in an interview. “We

Oil 214

Oil Crude Oil Energy Energy 214

OilPrice

JUNE 9, 2025

The platform was installed at the Kenli field, at a depth of some 20 meters, which has proven reserves of some 100 million tons of crude oil. CNOOC has installed the largest and heaviest offshore platform at a field in the Bohai Sea, the company said today, boasting the facility was 22.8 meters high and weighed over 20,000 tons.

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Offshore Proven Reserves Oil Field 222

OilPrice

JUNE 9, 2025

OPEC’s crude oil production in May increased less than called for in the OPEC+ agreement which had a large output hike planned for last month. All 12 OPEC members produced 26.75 million barrels per day (bpd) in May, up by 150,000 bpd from April, a Reuters survey showed on Monday.

Oil 227

Oil Crude Oil Barrel 227

OilPrice

MAY 20, 2025

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.

American Petroleum Institute 318

American Petroleum Institute API Crude Oil Oil 318

Oil & Gas 360º

JUNE 4, 2025

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 crude oil imports averaged 6.3 Over the past four weeks, crude oil imports averaged about 6.2 million barrels from the previous week.

Crude Oil 130

Crude Oil Barrel Oil Petroleum 130

Oil & Gas 360º

MAY 21, 2025

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 crude oil refinery inputs averaged 16.5 crude oil imports averaged 6.1 Over the past four weeks, crude oil imports averaged about 5.9

Crude Oil 130

Crude Oil Barrel Oil Petroleum 130

OilPrice

JUNE 4, 2025

Crude oil inventories in the United States fell by 4.3 Crude oil prices were trading up prior to the crude data release by the U.S. crude oil inventories, with a sizable build in gasoline stocks. crude oil inventories, with a sizable build in gasoline stocks. million barrels in U.S.

American Petroleum Institute 301

American Petroleum Institute Crude Oil Oil API 301

OilPrice

MARCH 25, 2025

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 4.6 So far this year, crude oil inventories have climbed more than 16 million barrels, according to Oilprice calculations of API data. million barrels for the week ending March 21. Analysts had expected a dip of 2.5

American Petroleum Institute 342

American Petroleum Institute API Crude Oil Oil 342

OilPrice

MARCH 12, 2025

Crude oil inventories in the United States saw an increase of 1.4 Crude oil prices were trading up prior to the crude data release by the U.S. crude oil inventories amid strong product draws. crude oil inventories amid strong product draws. The Brent benchmark was trading

American Petroleum Institute 323

American Petroleum Institute Crude Oil API Barrel 323

OilPrice

APRIL 7, 2025

The price slump in crude oil that began last week has extended into this one as market players fears about a global recession deepen. At the time of writing, Brent crude was trading at just below $64 per barrel, while West Texas Intermediate was changing hands for $60.54 per barrel, both down by over 2% from Fridays close.

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Crude Oil Oil Barrel 356

OilPrice

APRIL 30, 2025

Crude oil inventories in the United States saw a decrease of 2.7 Crude oil prices were trading down prior to the crude data release by the U.S. On Tuesday, the American Petroleum Institute (API) reported a sizeable build in US crude oil inventories of 3.76 Energy Information Administration.

American Petroleum Institute 298

American Petroleum Institute Crude Oil API Barrel 298

OilPrice

MAY 14, 2025

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.

American Petroleum Institute 294

American Petroleum Institute Crude Oil Oil API 294

OilPrice

JUNE 5, 2025

Engineers at MIT have developed a new approach to crude oil fractionating that could slash the amount of energy needed for processing the crude into different fuels by as much as 90% in a breakthrough that could revolutionize fuel production.

Crude Oil 257

Crude Oil Oil Energy Energy 257

OilPrice

APRIL 14, 2025

Chinese crude oil imports topped 12 million barrels per day (bpd) in March, the highest volume since August 2023, as flows of Iranian and Russian crude rebounded from the lows seen early this year with the U.S. million metric tons of crude oil in March, data from the Chinese General Administration of Customs showed on Monday.

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Crude Oil Oil Barrel 327

OilPrice

MARCH 26, 2025

Crude oil inventories in the United States saw a decrease of 3.3 Crude oil prices were trading up prior to the crude data release by the U.S. crude oil inventories amid a strong gasoline draw. crude oil inventories amid a strong gasoline draw. million barrels in U.S.

American Petroleum Institute 290

American Petroleum Institute Crude Oil Oil API 290