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Arabian Gulf Oil Company (AGOCO), wholly owned by the National Oil Corporation of Libya, has completed repairs on a crudeoil pipeline where a leak was detected at the end of May. AGOCO completed the repairs on the Hamada-Zawiya crudeoil pipeline, the company said on Thursday, as carried by Reuters.
Weekly CrudeOil Storage as of June 20, 2025 U.S. commercial crudeoil inventories ( excluding those in the Strategic Petroleum Reserve ) decreased by 5.8 Refineries operated at 94.7% of their operable capacity last week. crudeoil imports averaged 5.9 million barrels from the previous week.
Weekly CrudeOil Storage as of June 6, 2025 U.S. commercial crudeoil inventories ( excluding those in the Strategic Petroleum Reserve ) decreased by 3.6 crudeoilrefinery inputs averaged 17.2 Refineries operated at 94.3% of their operable capacity last week. crudeoil imports averaged 6.2
The only refinery in Scotland has stopped processing crudeoil after 100 years of operation, as planned by its owners who announced the decision in the autumn of 2024.
Nigerias Dangote Petroleum Refinery has suspended sales of petroleum in the country after it stopped receiving naira-denominated crude cargoes from the state-owned Nigerian National Petroleum Company (NNPC). In a statement on Wednesday, Dangote Petroleum Refinery said it has temporarily halted the sale of petroleum products in naira..to
Saudi Aramco, the worlds top oil firm and single biggest crude exporter, is in discussions to invest in two planned refineries in India, sources in India told Reuters on Thursday.
commercial crudeoil inventories, excluding those in the Strategic Petroleum Reserve (SPR), increased by 3.8 It showed that crudeoil stocks, not including the SPR, stood at 419.0 Crudeoil in the SPR stood at 402.8 Crudeoil in the SPR stood at 402.8 Image by Mst Hazera Begum via iStock U.S.
Irving Oil said on Thursday it plans to invest $100 million to upgrade a key crudeoil processing unit at its 320,000 barrel-per-day Saint John facility in New Brunswick, Canada’s largest refinery.
Crudeoil inventories in China rose to the highest in almost three years in March, suggesting demand growth was lagging behind refinery processing rates, which hit a one-year high last month as Chinese oil processors took advantage of cheap Iranian and Russian crude. Reuters Clyde Russell reported that 1.74
Turkeys top oil refiner, Tupras, has resumed purchasing Russian Urals crudeoil after a brief halt earlier this year prompted by U.S. Tupras had previously become one of the largest buyers of Russian crude after Russia's 2022 invasion of Ukraine. sanctions on Moscow.
Last month, Saudi Arabia and India agreed to boost energy cooperation, including by potential Saudi investment in two refineries in the worlds third-largest crudeoil importer.
Saudi Arabias oil revenues have been suffering from the oil price slump during the second quarter. But theres a silver lining in falling crude prices profits from refining the crude rise with cheaper feedstock.
India is advancing efforts to boost renewable energy use even as the worlds third-largest crudeoil 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.
Shandong Yulong Petrochemical, the newest refiner in China, is set to begin trial runs at a 200,000-barrels per day crude processing unit later this month, traders familiar with the facilitys plans told Reuters on Monday, in what could be a boost to Chinese crudeoil imports in the coming months.
Image by Anatolii Yakovets via iStock According to the Energy Institute’s (EI) latest statistical review of world energy report, which was published recently, the world’s top oil producer is the United States. produced 20.135 million barrels of oil per day in 2024. oil production has seen an average yearly growth rate of 5.5
Image by Kreativorks via iStock Aliko Dangote, Africa’s richest person, plans a stock listing for his Nigerian crudeoilrefinery by the end of next year to widen the company’s investor base. The oil facility can processes 650,000 barrels of crude a day, making it the continent’s biggest refinery.
Phillips 66, a diversified energy manufacturing and logistics company, says it plans to reconfigure its San Francisco refinery in Rodeo, Calif., The plant would no longer produce fuels from crudeoil but instead would make fuels from used cooking oil, fats, greases and soybean oils. to produce renewable fuels.
refinerycrudeoil processing capacity grew by nearly 40,000 barrels per day in 2024 to 18.4 Motiva Enterprises’ Port Arthur, Texas, plant became the largest single refinery by capacity at 640,500 bpd, passing Marathon Petroleum’s Galveston Bay Refinery in Texas City, Texas, according to [Read more]
commercial crudeoil inventories, excluding those in the Strategic Petroleum Reserve (SPR), decreased by 5.8 This report, which was released on June 25 and included data for the week ending June 20, showed that crudeoil stocks, not including the SPR, stood at 415.1 Crudeoil in the SPR stood at 402.5
Weekly CrudeOil Storage as of March 14, 2025 U.S. commercial crudeoil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 1.7 crudeoilrefinery inputs averaged 15.7 Refineries operated at 86.9% crudeoil imports averaged 5.6 million barrels, U.S.
Weekly CrudeOil Storage as of May 30, 2025 U.S. commercial crudeoil inventories ( excluding those in the Strategic Petroleum Reserve ) decreased by 4.3 Refineries operated at 93.4% crudeoil imports averaged 6.3 Over the past four weeks, crudeoil imports averaged about 6.2
Weekly CrudeOil Storage as of May 16, 2025 U.S. commercial crudeoil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 1.3 crudeoilrefinery inputs averaged 16.5 Refineries operated at 90.7% crudeoil imports averaged 6.1 million barrels, U.S.
Weekly CrudeOil Storage as of May 9, 2025 U.S. commercial crudeoil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 4.0 crudeoilrefinery inputs averaged 16.4 Refineries operated at 90.2% crudeoil imports averaged 5.8 million barrels, U.S.
Weekly CrudeOil Storage as of May 2, 2025 U.S. commercial crudeoil inventories ( excluding those in the Strategic Petroleum Reserve ) decreased by 2.0 crudeoilrefinery inputs averaged 16.1 Refineries operated at 89% of their operable capacity last week. million barrels, U.S. Imports U.S.
Weekly CrudeOil Storage as of April 25, 2025 U.S. commercial crudeoil inventories ( excluding those in the Strategic Petroleum Reserve ) decreased by 2.7 crudeoilrefinery inputs averaged 16.1 Refineries operated at 88.6% crudeoil imports averaged 5.5 million barrels, U.S.
Weekly CrudeOil Storage as of April 18, 2025 U.S. commercial crudeoil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 0.2 crudeoilrefinery inputs averaged 15.9 Refineries operated at 88.1% crudeoil imports averaged 5.6 million barrels, U.S.
Weekly CrudeOil Storage as of April 11, 2025 U.S. commercial crudeoil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 0.5 crudeoilrefinery inputs averaged 15.6 Refineries operated at 86.3% crudeoil imports averaged 6.0 million barrels, U.S.
Weekly CrudeOil Storage as of April 4, 2025 U.S. commercial crudeoil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 2.6 crudeoilrefinery inputs averaged 15.6 Refineries operated at 86.7% crudeoil imports averaged 6.2 million barrels, U.S.
Weekly CrudeOil Storage as of March 28, 2025 U.S. commercial crudeoil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 6.2 crudeoilrefinery inputs averaged 15.6 Refineries operated at 86.0% crudeoil imports averaged 6.5 million barrels, U.S.
Weekly CrudeOil Storage as of March 21, 2025 U.S. commercial crudeoil inventories ( excluding those in the Strategic Petroleum Reserve ) decreased by 3.3 crudeoilrefinery inputs averaged 15.8 Refineries operated at 87.0% crudeoil imports averaged 6.2 million barrels, U.S.
Weekly CrudeOil Storage as of March 7, 2025 U.S. commercial crudeoil inventories ( excluding those in the Strategic Petroleum Reserve ) decreased by 5.7 crudeoilrefinery inputs averaged 15.7 Refineries operated at 86.5% crudeoil imports averaged 5.5 million barrels, U.S.
Weekly CrudeOil Storage as of February 28, 2025 U.S. commercial crudeoil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 3.6 crudeoilrefinery inputs averaged 15.4 Refineries operated at 85.9% crudeoil imports averaged 5.8 million barrels, U.S.
(World Oil) – Citing the latest Current Employment Statistics (CES) report from the U.S. This represented an increase of 600 jobs in the services sector and 1,600 jobs in oil and gas extraction. In May, Texas energy producers paid $411 million in oil production taxes, according to the Texas comptroller’s office.
Despite the expected rise in OPEC+ production in April, Saudi Arabia is set to ship significantly lower crudeoil volumes to China next month to levels not seen in over a year, Reuters reported on Thursday, quoting trade and industry sources.
Saudi Arabias crudeoil flows to China are expected to stay at a one-year high of about 48 million barrels in Juneroughly the same volume arriving in China from the worlds top crude exporter this month, trade sources told Reuters on Tuesday. Sinochem and private refiners, including
The Treasury Department sanctioned a Chinese oilrefinery for purchasing $1 billion in Iranian crudeoil as part of a broader US crackdown on companies and vessels skirting US sanctions.
Crudeoil exports from Iran to its biggest buyer, China, shrank last month on tighter U.S. sanctions and refinery maintenance, Bloomberg has reported, citing data from Vortexa. million barrels of crude to China daily, which was 20% lower than export flows in May 2024. Per that data, Iran shipped a little over 1.1
increase in production over the first two months of the year as holiday travel pulled demand for fuels higher, helped by the start of a new refinery a few months earlier, Reuters has reported, citing Chinas National Bureau of Statistics. sanctions targeting Russian and Iranian crude, of which the teapots are big buyers.
The United States has issued a fresh round of sanctions on Irans oil industry, targeting, once again, Chinese importers. More specifically, the Department of the Treasury added an independent Chinese refiner to its list of sanctioned entities for buying crude from Iran.
(World Oil) – In its March 2025 Short-Term Energy Outlook, the U.S. Energy Information Administration (EIA) forecast crudeoil production in Alaska will increase by 16,000 barrels per day (bpd) in 2026 to 438,000 bpd after remaining relatively flat in 2025. Average annual crudeoil production in Alaska peaked at 2.0
Chinas central economic planner has announced cuts to gasoline and diesel prices, set to take effect today, following the price rout in international crudeoil. Oil prices have taken a dive amid Starting today, a ton of gasoline will cost some $66 less, the National Development and Reform Commission said, as quoted by Xinhua.
(BOE Report) – CALGARY – Canada’s biggest crudeoil shipper says a lot needs to happen before it would propose a new pipeline to the West Coast. so that more oilsands crude can be exported to Asia by tanker. which operates the Keystone pipeline connecting Alberta crude to refineries in the U.S.
(Oil Price) –On the heels of my recent article outlining how Californias unique fuel regulations not corporate price gouging are driving up gasoline prices in the state, new developments have added urgency to that conversation. per gallon if two major refineries are allowed to shut down as planned. Whats Driving the Closures?
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