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. -

Oil 227

Oil Crude Oil Barrel 227

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.

Crude Oil 324

Crude Oil American Petroleum Institute API Oil 324

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

APRIL 3, 2025

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

Crude Oil 364

Crude Oil Petroleum Oil Management 364

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.

American Petroleum Institute 190

American Petroleum Institute API Crude Oil Oil 190

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. oil as the country is looking to reduce its huge trade pushed for India and other major trade partners to buy more American energy. Indias U.S. Indias U.S.

Crude Oil 296

Crude Oil Oil Barrel Energy 296

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 269

Crude Oil American Petroleum Institute Oil API 269

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.

Crude Oil 359

Crude Oil Barrel Energy Oil 359

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 277

Crude Oil American Petroleum Institute API Oil 277

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 263

Crude Oil American Petroleum Institute Oil API 263

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

Crude Oil 264

Crude Oil Barrel American Petroleum Institute Oil 264

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.

Offshore 219

Offshore Proven Reserves Oil Field 219

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. But they only lifted production by 180,000 bpd, according to the Reuters survey of data from oil-flow… All 12 OPEC members produced 26.75

Oil 225

Oil Crude Oil Barrel 225

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

Crude Oil 288

Crude Oil Oil Barrel 288

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.

Crude Oil 241

Crude Oil American Petroleum Institute API Oil 241

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.

Crude Oil 270

Crude Oil Oil IT 270

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

Crude Oil 266

Crude Oil Oil Barrel 266

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.

Crude Oil 270

Crude Oil Oil 270

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.

Crude Oil 217

Crude Oil American Petroleum Institute API Oil 217

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. China Demand Slowdown Fuels Bearish Sentiment Fresh economic data from China delivered a major blow to oil bulls. West Texas Intermediate (WTI) briefly hit a low of $56.39

Crude Oil 259

Crude Oil Oil Manufacturing 259

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 206

Crude Oil American Petroleum Institute API Oil 206

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 312

American Petroleum Institute API Crude Oil Oil 312

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 186

Oil Crude Oil Energy Energy 186

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 278

Crude Oil Oil Barrel IT 278

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 339

American Petroleum Institute API Crude Oil Oil 339

OilPrice

JUNE 4, 2025

With crude oil 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. While it is still too early to quantify the full impact of current market volatility on oil prices,

Oil 333

Oil Upstream Crude Oil Barrel 333

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.

Oil 355

Oil Crude Oil Barrel 355

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 296

American Petroleum Institute Crude Oil Oil API 296

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.

Crude Oil 225

Crude Oil Oil Energy Energy 225

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 288

American Petroleum Institute Crude Oil Oil API 288

OilPrice

JUNE 12, 2025

Crude oil prices dropped back slightly on Thursday, after jumping by 4% on Wednesday to hit the highest in two months on the news that the U.S. At the time of writing, Brent crude was trading at $68.95 was pulling out its staff from the embassy in Baghdad. The drop was driven by profit-taking, but bullish sentiment remains.

Oil 146

Oil Crude Oil Barrel Casing 146

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. million tons of crude oil and condensate in 2025, or about 2 million barrels per day (bpd), which would be 9.7%

IT 350

IT Oil Condensate Crude Oil 350

OilPrice

MARCH 15, 2025

Five years after an Exxon-led consortium produced the first oil offshore Guyana, the country is pumping more than 600,000 barrels per day (bpd) of crude and has become South Americas fifth-largest oil exporter. Guyana and ExxonMobil expect oil production to jump to 1.3

Oil 363

Oil IT Crude Oil Offshore 363

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 237

Crude Oil Oil Energy Engineering 237

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.

Pipeline 143

Pipeline Crude Oil Government Oil 143

OilPrice

APRIL 11, 2025

Crude oil exports from Saudi Arabia to China are expected to increase substantially next month, thanks to the sizable price cut by the Saudis, Reuters reported today, citing unnamed sources. Saudi Arabia cut the official selling prices for its oil sharply ahead of a production boost set for next month.

Oil 349

Oil Crude Oil Barrel IT 349

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.

Crude Oil 323

Crude Oil Oil Barrel 323