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U.S. crude oil inventories decrease by 3.6 million barrels

Oil & Gas 360º

Weekly Crude Oil Storage as of June 6, 2025 U.S. commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) decreased by 3.6 crude oil refinery inputs averaged 17.2 Refineries operated at 94.3% of their operable capacity last week. crude oil imports averaged 6.2

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Nigeria’s Mega Refinery Halts Petroleum Sales in Naira

OilPrice

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

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Scotland’s Sole Oil Refinery Shuts Down for Good

OilPrice

The only refinery in Scotland has stopped processing crude oil after 100 years of operation, as planned by its owners who announced the decision in the autumn of 2024.

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Irving Oil invests $100 million in Saint John refinery upgrade

BOE Report

Irving Oil said on Thursday it plans to invest $100 million to upgrade a key crude oil processing unit at its 320,000 barrel-per-day Saint John facility in New Brunswick, Canada’s largest refinery.

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Saudi Oil Giant Aramco Eyes Investment in Indian Refineries

OilPrice

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.

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Saudi Arabia and India at Odds Over Crude Supply to Possible Joint Refineries

OilPrice

Last month, Saudi Arabia and India agreed to boost energy cooperation, including by potential Saudi investment in two refineries in the worlds third-largest crude oil importer.

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China's Oil Inventories Soar to Highest in Nearly Three Years

OilPrice

Crude oil 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

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