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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 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.
Weekly CrudeOil Storage as of June 6, 2025 U.S. commercial crudeoil inventories ( excluding those in the Strategic Petroleum Reserve ) decreased by 3.6 crudeoil refinery inputs averaged 17.2 crudeoil imports averaged 6.2 Over the past four weeks, crudeoil imports averaged about 6.2
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Texas Oil and Gas Association reported Monday record amounts of natural gas production in the state this year. TXOGA said natural gas withdrawals rose to 36.9 Crudeoil production remained steady at 5.7 billion cfd of dry natural gas – supplying 11.8 total crudeoil production and 29.2
Chinas biggest state-held energy firms are following the demand trends in the worlds top crudeoil and natural gas importer. But natural gas demand is only going up, and its expected to continue growing for decades. But natural gas demand is only going up, and its expected to continue growing for decades.
Natural gas is gradually going to overtake coal and crudeoil as the biggest source of primary energy in Southeast Asia, with a share of 30% by 2050. This is according to a new Wood Mackenzie report, which has become the latest to admit the inevitable: hydrocarbons will be around for much longer than transition advocates want.
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.
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This represented an increase of 600 jobs in the services sector and 1,600 jobs in oil and gas extraction. TIPRO’s new workforce data indicated strong job postings for the Texas oil and natural gas industry, although May data showed a decline in overall unique postings compared to the previous month.
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Weekly CrudeOil Storage as of May 30, 2025 U.S. commercial crudeoil inventories ( excluding those in the Strategic Petroleum Reserve ) decreased by 4.3 crudeoil imports averaged 6.3 Over the past four weeks, crudeoil imports averaged about 6.2 million barrels from the previous week.
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With crudeoil prices dropping into the low $60s per barrel, profitability in the oil and gas industry is under pressure, squeezing cash flows and forcing companies to reassess their capital allocation. As a result, upstream investments are expected to decline.
shale oil and gas industry for years. The Montney Formation in Western Canada spans Alberta and British Columbia is one of the largest natural gas deposits on the continent. The Montney Formation in Western Canada spans Alberta and British Columbia is one of the largest natural gas deposits on the continent.
Russia expects its natural gas exports, including via pipeline and LNG, to jump twofold by 2030 and threefold to 2050 under its new long-term energy strategy approved by the government on Monday. Crudeoil and condensate production is targeted to increase from 531 million metric tons per year, or 10.66 million bpd, by 2050.
Iraq is grappling with a natural gas shortage while simultaneously exploring new crudeoil export markets. In recent weeks, Iraq has made headlines not only due to pressure from OPEC but also because of its struggle to secure natural gas imports. waiver that previously
Crude burnthe direct use of crudeoil in power plants and industrial facilities, primarily for electricity generationhas long been a staple in Saudi Arabias energy mix. The kingdom burns significant volumes of oil to meet domestic electricity demand, which hovers around 171 terawatt-hours (TWh).
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Chinas state energy company CNOOC said today it had discovered a new oil field in the South China Sea that could contain over 100 million tons of crudeoil, equal to around 733 million barrels. Test drilling produced 413 barrels of crudeoil and 68,000 cu m of natural gas daily, state news agency Xinhua reported.
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Weekly CrudeOil Storage as of March 14, 2025 U.S. commercial crudeoil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 1.7 crudeoil refinery inputs averaged 15.7 crudeoil imports averaged 5.6 Over the past four weeks, crudeoil imports averaged about 5.6
Weekly CrudeOil Storage as of May 16, 2025 U.S. commercial crudeoil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 1.3 crudeoil refinery inputs averaged 16.5 crudeoil imports averaged 6.1 Over the past four weeks, crudeoil imports averaged about 5.9
Weekly CrudeOil Storage as of May 9, 2025 U.S. commercial crudeoil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 4.0 crudeoil refinery inputs averaged 16.4 crudeoil imports averaged 5.8 Over the past four weeks, crudeoil imports averaged about 5.7
Weekly CrudeOil Storage as of May 2, 2025 U.S. commercial crudeoil inventories ( excluding those in the Strategic Petroleum Reserve ) decreased by 2.0 crudeoil refinery inputs averaged 16.1 Over the past four weeks, crudeoil imports averaged about 5.8 million barrels from the previous week.
Weekly CrudeOil Storage as of April 25, 2025 U.S. commercial crudeoil inventories ( excluding those in the Strategic Petroleum Reserve ) decreased by 2.7 crudeoil refinery inputs averaged 16.1 crudeoil imports averaged 5.5 Over the past four weeks, crudeoil imports averaged about 5.8
Weekly CrudeOil Storage as of April 18, 2025 U.S. commercial crudeoil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 0.2 crudeoil refinery inputs averaged 15.9 crudeoil imports averaged 5.6 Over the past four weeks, crudeoil imports averaged about 6.1
Weekly CrudeOil Storage as of April 11, 2025 U.S. commercial crudeoil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 0.5 crudeoil refinery inputs averaged 15.6 crudeoil imports averaged 6.0 Over the past four weeks, crudeoil imports averaged about 6.2
Weekly CrudeOil Storage as of April 4, 2025 U.S. commercial crudeoil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 2.6 crudeoil refinery inputs averaged 15.6 crudeoil imports averaged 6.2 Over the past four weeks, crudeoil imports averaged about 6.1
Weekly CrudeOil Storage as of March 28, 2025 U.S. commercial crudeoil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 6.2 crudeoil refinery inputs averaged 15.6 crudeoil imports averaged 6.5 Over the past four weeks, crudeoil imports averaged about 5.9
Weekly CrudeOil Storage as of March 21, 2025 U.S. commercial crudeoil inventories ( excluding those in the Strategic Petroleum Reserve ) decreased by 3.3 crudeoil refinery inputs averaged 15.8 crudeoil imports averaged 6.2 Over the past four weeks, crudeoil imports averaged about 5.7
Weekly CrudeOil Storage as of March 7, 2025 U.S. commercial crudeoil inventories ( excluding those in the Strategic Petroleum Reserve ) decreased by 5.7 crudeoil refinery inputs averaged 15.7 crudeoil imports averaged 5.5 Over the past four weeks, crudeoil imports averaged about 5.8
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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, (..)
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, (..)
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, (..)
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