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Kenya Plans to Launch Crude Oil Exports in 2026

OilPrice

Kenya hopes it will begin commercial crude oil 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.

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US Crude Oil Inventories See Another Sharp Draw  

OilPrice

The American Petroleum Institute (API) estimated that crude oil 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, crude oil inventories are up 3.3

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Crude Oil Inventories Slip But Prices Eyeing Tariff Fears

OilPrice

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. million barrels again to 396.7

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U.S. Crude Inventories Post Massive Draw of 11.5M Barrels

OilPrice

Crude oil 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. Crude prices were mixed ahead of the report amid broader macro signals. The drop brings commercial stockpiles to 420.9

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Crude Oil Inventories Climb As OPEC Prepares to Open the Tap

OilPrice

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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U.S. Oil Reserve Refill Pushed Back Seven Months

OilPrice

Crude oil 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 crude oil secured from previous solicitations, as well as exchanges, through December 2025,” a Department…

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

OilPrice

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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