Crude Oil and Energy - Energy Aggregated

EIA Calls Peak Shale as Drilling Activity Declines

OilPrice

JUNE 10, 2025

crude oil production is now forecast to slip from a record 13.5 Energy Information Administration’s bombshell June Short-Term Energy Outlook, signaling to an already price-weary industry that shale’s best days are in the rearview. Peak shale may already be behind us. million barrels per day (bpd) in Q2 2025 to around 13.3

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US Crude Oil Output to Peak Sooner Than Expected

OilPrice

MAY 5, 2025

crude oil supply will rise more slowly than expected for the rest of 2025 and in 2026 and peak as early as this year, as WTI benchmark prices below $60 per barrel are testing the breakeven point of shale production, energy flows intelligence firm Kpler said on Monday.

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Crude Oil Inventories Climb As OPEC Prepares to Open the Tap

OilPrice

APRIL 1, 2025

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 So far this year, crude oil inventories have climbed nearly 23 million barrels, according to Oilprice calculations of API data.

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DoE Hands the Keys to Strategic Crude Oil Stockpile to New Firm

OilPrice

APRIL 3, 2025

The Department of Energy has awarded a new $1.4 billion contract to Strategic Storage Partners, LLChardly a household nameto manage the Strategic Petroleum Reserve (SPR)Americas emergency stash of crude oil. The new contract covers a five-year term with the option to extend for another five.

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India Hikes U.S. Crude Oil Imports by 67% in March

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. oil as the country is looking to reduce its huge trade Indias U.S. Indias U.S.

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EIA Shows US Crude Oil Inventories Continue To Slide

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. Energy Information Administration released on Wednesday. Crude oil prices were trading down prior to the crude data release by the U.S. million barrels in U.S.

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Crude Oil Inventory Increase Offset by Continued Product Inventory Declines

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

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EIA: US Crude Oil Inventories Climb 6.2 Million Barrels

OilPrice

APRIL 2, 2025

Crude oil inventories in the United States saw a large increase of 6.2 Energy Information Administration released on Wednesday. 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

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Oil Prices Perk Up Despite US Crude Oil Inventory Build

OilPrice

MARCH 19, 2025

Crude oil inventories in the United States saw an increase of 1.7 Energy Information Administration released on Wednesday. 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

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Crude Oil Inventory Gain Outshone By Product Draws

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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Alberta’s Deregulated Grid Is Bracing for 11 GW of New Demand

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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Gasoline, Distillate Builds Spook Oil Markets

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.

Crude Oil Products Inventories Plummet But Oil Prices Still Down

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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Oil Bulls Balk At Surprise Crude Oil Inventory Build

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.

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MIT Technology Could Slash Energy Use in Oil Refining by 90%

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.

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Alberta Premier says province working on proposal for new crude oil pipeline to Port of Prince Rupert

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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U.S. Energy Secretary Pushes Back on the EIA's Oil Decline Narrative

OilPrice

JUNE 12, 2025

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

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EIA Worries Oil Bulls with Large Builds of Gasoline, Distillate Stocks

OilPrice

JUNE 4, 2025

Crude oil inventories in the United States fell by 4.3 Energy Information Administration released on Wednesday. Crude oil prices were trading up prior to the crude data release by the U.S. Energy Information Administration. crude oil inventories, with a sizable build in gasoline stocks.

US Oil Inventories Keep Growing as Prices Sag

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.

Oil Rises on Larger Than Expected Crude Draw

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

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Crude Stockpiles Rise, But Gasoline and Distillates See Big Draws

OilPrice

MARCH 12, 2025

Crude oil inventories in the United States saw an increase of 1.4 Energy Information Administration released on Wednesday. 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

IEA sees 2025 energy investment hitting $3.3 trillion

Oil & Gas 360º

JUNE 5, 2025

(Oil Price) – Energy investments this year are set to hit $3.3 trillion on the back of a strong increase in spending on things such as wind and solar, the International Energy Agency has forecast. trillion, the total for what the IEA calls clean energy certainly seems impressive. By Irina Slav for Oilprice.com

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WTI Stuck Below $60 as EIA Confirms Crude, Gasoline Draws

OilPrice

APRIL 30, 2025

Crude oil inventories in the United States saw a decrease of 2.7 Energy Information Administration released on Wednesday. Crude oil prices were trading down prior to the crude data release by the U.S. Energy Information Administration. million barrels in U.S. million barrels in U.S.

EIA Confirms Surprise Oil Inventory Build

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. Energy Information Administration released on Wednesday. Crude oil prices were trading down prior to the crude data release by the U.S.

An overview of Iran’s energy industry and infrastructure

Oil & Gas 360º

JUNE 13, 2025

million barrels of oil per day (bpd), or around 3% of global output. Following are some facts on the country’s energy industry, exports and the impact of previous Western sanctions. SANCTIONS AND OPEC Iran’s oil production was at its peak in the 1970s with record output of 6 million bpd in 1974, according to OPEC data.

Kazakhstan Expects to Top Its Oil Output Plan in Defiance of OPEC+

OilPrice

MAY 23, 2025

Kazakhstan is likely to top its oil production plan this year, due to the expansion of the Chevron-led Tengiz field, Kazakhstans Energy Minister Erlan Akkenzhenov said on Friday, in yet another snub at OPEC+ quotas. Earlier this year, Kazakhstans energy ministry said that the country plans to produce a total of 96.2

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Oil Prices Rise as the EIA Reports a Decline in Crude and Product Inventories

OilPrice

MARCH 26, 2025

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

US Gasoline, Distillate Inventories Continue to Fall

OilPrice

APRIL 16, 2025

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. Energy Information Administration released on Wednesday. Crude oil prices were trading up in a rare show of strength prior to the crude data release by the U.S.

US Gasoline, Distillate Inventories Fall As Oil Prices Sink

OilPrice

APRIL 9, 2025

Crude oil inventories in the United States saw an increase of 2.6 Energy Information Administration released on Wednesday. Crude oil prices were trading sharply down prior to the crude data release by the U.S. million barrels during the week ending April 4, according to new data from the U.S.

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Large Product Draws Arrest Oil Price Slide

OilPrice

APRIL 23, 2025

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. Energy Information Administration released on Wednesday. Crude oil prices were trading down prior to the crude data release by the U.S.

U.S. Energy Secretary says oil output drop in 2026 ‘unlikely’

Oil & Gas 360º

JUNE 13, 2025

(World Oil) – U.S. Energy Secretary Chris Wright said it’s “unlikely” the country’s oil production will drop next year, contrary to the expectations released this week by a government agency. The Energy Information Administration revised down its view of U.S. to settle at $69.77 on Wednesday. Chevron Corp.

India’s Green Hydrogen Bet Gets a $5.6B Boost

OilPrice

JUNE 4, 2025

India is advancing efforts to boost renewable energy use even as the worlds third-largest crude oil importer is leading global oil demand growth. Indian Oil Corporation, the countrys top refiner, plans to replace fossil fuel-made hydrogen with green hydrogen made from electrolysis at one of its refineries.

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CamCambria Energy publishes updated corporate presentation

Oil & Gas 360º

JUNE 10, 2025

(Oil & Gas 360) – Publisher’s Note: CanCambria will present an update on the Kiskunhalas project at EnerCom Denver – The Energy Investment Conference on August 17-20, 2025.

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Oil Prices Rebound As Inventory Slips

OilPrice

APRIL 22, 2025

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. So far this year, crude oil inventories are still up more than 19 million barrels, according to Oilprice calculations of API data. The API estimated a 2.4

EIA Says U.S. Oil Production Will Peak in 2027

OilPrice

APRIL 16, 2025

crude oil production is set to peak at around 14 million barrels per day (bpd) in 2027, according to the Annual Energy Outlook 2025 of the U.S. Energy Information Administration (EIA).

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Oil Prices Dip Despite Bullish Demand Outlook

OilPrice

MARCH 13, 2025

Crude oil prices dipped today, despite expectations for strong demand following the U.S. Energy Information Administrations latest inventory report that showed a more sizable draw than expected. At the time of writing, Brent crude was trading at $70.87 per barrel, with West Texas Intermediate at $67.55

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Crude Stockpiles Drop as Oil Prices Rebound

OilPrice

MAY 6, 2025

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell 4.49 So far this year, crude oil inventories are up more than 18 million barrels, according to Oilprice calculations of API data. million barrels in the week ending May 2, after analysts had estimated a 2.5-million-barrel

OPEC+ Overproducer Kazakhstan Will Not Cut Oil Output in May

OilPrice

MAY 8, 2025

Kazakhstan doesnt have any plans to cut its crude and condensate production in May, its energy ministry said on Thursday, as the OPEC+ producer continues to give the group headaches with continuously busting its quota in the deal. The second

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Draws in Fuel Stocks Counter Crude Inventory Build

OilPrice

MARCH 11, 2025

The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 4.247 million barrels for the week ending March 7. So far this year, crude oil inventories have climbed nearly 17 million barrels, according to Oilprice calculations of API data. Analysts had expected a 2.1 Inventory