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Kenya hopes it will begin commercial crudeoil production and exports next year, Opiyo Wandayi, Cabinet Secretary for Energy and Petroleum, said on Monday, as companies are finalizing an asset sale and development project plans for an onshore resource basin.
crudeoil production surged to an all-time high of 13.24 million barrels per day (bpd) in April, according to newly released data from the Energy Information Administration. The increase of 0.4%
The American Petroleum Institute (API) estimated that crudeoil inventories in the United States fell again, this time by 4.277 million barrels in the week ending June 20 after analysts had estimated a much more conservative 600,000-barrel draw. So far this year, crudeoil inventories are up 3.3
Crudeoil prices were set to end the week lower than they started it as Israel and Iran stopped bombing each other, alleviating fears of a supply disruption in the Middle East. At the time of writing, Brent crude was trading at $68 per barrel, with West Texas Intermediate at $65.55 per barrel.
Crudeoil deliveries to the strategic petroleum reserve will be delayed by seven months due to maintenance, the Department of Energy has said. Due to site maintenance, the SPR rescheduled crudeoil secured from previous solicitations, as well as exchanges, through December 2025,” a Department…
The American Petroleum Institute (API) estimated that crudeoil 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. So far this year, crudeoil inventories have climbed nearly 22 million barrels, according to Oilprice calculations of API data.
crudeoil 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.
crudeoil 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
Crudeoil inventories in the United States fell by 5.8 Energy Information Administration (EIA) released on Wednesday. Crude prices were trading up ahead of the report. million barrels during the week ending June 20, according to new data from the U.S. The drop brings commercial stockpiles to 415.1
Energy Secretary Chris Wright does not expect U.S. crudeoil 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
The American Petroleum Institute (API) estimated that crudeoil 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, crudeoil inventories have climbed nearly 23 million barrels, according to Oilprice calculations of API data.
Crudeoil inventories in the United States increased by 3.8 Energy Information Administration (EIA) released on Wednesday. Crude prices were trading up ahead of the report. million barrels during the week ending June 27, according to new data from the U.S.
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 crudeoil. The new contract covers a five-year term with the option to extend for another five.
Indias crudeoil 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.
Crudeoil inventories in the United States saw an increase of 1.7 Energy Information Administration released on Wednesday. Crudeoil prices were trading down prior to the crude data release by the U.S. crudeoil inventories amid a strong gasoline draw. essentially
The American Petroleum Institute (API) estimated that crudeoil 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.
Crudeoil 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. Crudeoil prices were trading down prior to the crude data release by the U.S. million barrels in U.S.
The American Petroleum Institute (API) estimated that crudeoil inventories in the United States rose by 4.593 million barrels for the week ending March 14. So far this year, crudeoil inventories have climbed more than 21 million barrels, according to Oilprice calculations of API data. Analysts had expected a smaller 1.7
Crudeoil inventories in the United States saw a large increase of 6.2 Energy Information Administration released on Wednesday. Crudeoil prices were trading up prior to the crude data release by the U.S. crudeoil inventories amid a small gasoline draw. ET at $74.50a
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The American Petroleum Institute (API) estimated that crudeoil inventories in the United States rose 3.76 So far this year, crudeoil 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.
commercial crudeoil inventories, excluding those in the Strategic Petroleum Reserve (SPR), increased by 3.8 Energy Information Administration (EIA) highlighted in its latest weekly petroleum status report. It showed that crudeoil stocks, not including the SPR, stood at 419.0 Crudeoil in the SPR stood at 402.8
Crudeoil inventories in the United States fell by 11.5 Energy Information Administration (EIA) released on Wednesday. Crude prices were mixed ahead of the report amid broader macro signals. million barrels during the week ending June 13, according to new data from the U.S. The drop brings commercial stockpiles to 420.9
OPEC’s second-largest producer, Iraq, was the single biggest supplier of crude from the cartel to the United States in May, per data from the U.S. Energy Information Administration (EIA) cited by Iraqi media outlets Shafaq News and IraqiNews. Shipments totaled nearly 7 million barrels of crude, 6.95
The American Petroleum Institute (API) estimated that crudeoil inventories in the United States rose by 2.4 So far this year, crudeoil inventories have climbed more than 24 million barrels, according to Oilprice calculations of API data. million barrels for the week ending April 11.
The American Petroleum Institute (API) estimated that crudeoil 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, crudeoil inventories are up more than 23 million barrels, according to Oilprice calculations of API data.
While Alberta’s historical energy legacy has been defined by coal and crudeoil, 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.
The American Petroleum Institute (API) estimated that crudeoil inventories in the United States fell by 4.6 So far this year, crudeoil 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
Engineers at MIT have developed a new approach to crudeoil 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.
Skip to content Oil & Gas Exploration & Production (E&P) CrudeOil Natural Gas LNG Coal Refined Products Offshore Midstream Regulatory Transportation Commodities Oilfield Services Hydraulic Fracturing Drilling Water Regions Canada Mexico United States Asia & Australia Europe Africa South America Middle East Russia Finance Mergers, (..)
June 25, 2025 Subscribe now EOA’s Main Takeaway US crudeoil and distillate inventories declined to below the five-year range. If crude inventories follow historical trends and fall below 400 million barrels, we will turn bullish on oil. At that point, we expect US crude exports to decline and imports to increase.
Crudeoil 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. Crudeoil prices were trading down prior to the crude data release by the U.S.
The American Petroleum Institute (API) estimated that crudeoil 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 Price) – Kazakhstan’s crudeoil output jumped 7.5% Total oil and condensate production rose to 2.15 Chevron began a $48 billion expansion at Tengiz earlier this year, which has helped fuel Kazakhstan’s rapid supply growth despite a weak global oil price environment. in June to 1.88 million in May.
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crudeoil 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). Shale-only oil production in the United States will also peak in 2027, the EIAs outlook says.
Skip to content Oil & Gas Exploration & Production (E&P) CrudeOil Natural Gas LNG Coal Refined Products Offshore Midstream Regulatory Transportation Commodities Oilfield Services Hydraulic Fracturing Drilling Water Regions Canada Mexico United States Asia & Australia Europe Africa South America Middle East Russia Finance Mergers, (..)
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.
Crudeoil inventories in the United States fell by 4.3 Energy Information Administration released on Wednesday. Crudeoil prices were trading up prior to the crude data release by the U.S. Energy Information Administration. crudeoil inventories, with a sizable build in gasoline stocks.
by Andreas Exarheas | Rigzone Staff | Thursday, July 03, 2025 | 7:46 AM EST Rigzone takes a closer look at the Energy Institute's latest statistical review of world energy report. produced 20.135 million barrels of oil per day in 2024. oil production has seen an average yearly growth rate of 5.5 That represented a 3.6
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
Crudeoil inventories in the United States saw an increase of 2.6 Energy Information Administration released on Wednesday. Crudeoil 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.
Crudeoil 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. Crudeoil prices were trading down prior to the crude data release by the U.S.
Crudeoil inventories in the United States saw a decrease of 3.3 Energy Information Administration released on Wednesday. Crudeoil prices were trading up prior to the crude data release by the U.S. crudeoil inventories amid a strong gasoline draw. million barrels in U.S.
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