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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.
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.
Iran is making “good progress” on its first concerted oil drilling operation in the Caspian Sea in 30 years, a senior energy source who works closely with the Islamic Republic’s Petroleum Ministry exclusively told OilPrice.com over the weekend.
Crude oil inventories in the United States fell by 11.5 Energy Information Administration (EIA) released on Wednesday. The American Petroleum Institute (API) on Tuesday had estimated a 10.133-million-barrel drop for the week ending June 13 after analysts had estimated… The drop brings commercial stockpiles to 420.9
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. So far this year, crude oil inventories have climbed nearly 22 million barrels, according to Oilprice calculations of API data.
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
South Africa has officially launched the South African National Petroleum Company (SANPC), a new state-owned oil enterprise designed to consolidate and energize the countrys long-stalled hydrocarbons sector. Reducing oil imports, bolstering energy security, and tapping into over R95 billion in potential investment.
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.
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.
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. million barrels again to 396.4
Crude oil inventories in the United States fell by 4.3 Energy Information Administration released on Wednesday. Crude oil prices were trading up prior to the crude data release by the U.S. Energy Information Administration. On Tuesday, the American Petroleum Institute (API) reported a drop of 3.3
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. Energy Information Administration released on Wednesday. Crude oil prices were trading down prior to the crude data release by the U.S. Energy Information Administration.
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
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell 4.565 million barrels in the week ending April 18. So far this year, crude oil inventories are still up more than 19 million barrels, according to Oilprice calculations of API data. The API estimated a 2.4
Crude oil inventories in the United States saw an increase of 2.6 Energy Information Administration released on Wednesday. Crude oil prices were trading sharply down prior to the crude data release by the U.S. On Tuesday, the American Petroleum Institute
Crude oil inventories in the United States saw an increase of 1.7 Energy Information Administration released on Wednesday. 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.
The ongoing conflict between Israel and Iran continues to send shockwaves through global energy markets. Recent strikes on Iranian energy infrastructure by Israel have heightened concerns about supply disruptions and price volatility. Global oil stocks are below five-year averages, and the U.S.
Crude oil inventories in the United States saw an increase of 200,000 barrels during the week ending April 18, according to new data from the U.S. Energy Information Administration released on Wednesday. Crude oil prices were trading down prior to the crude data release by the U.S.
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell 4.49 So far this year, crude oil inventories are up more than 18 million barrels, according to Oilprice calculations of API data. million barrels in the week ending May 2, after analysts had estimated a 2.5-million-barrel
Namibia expects Frances TotalEnergies and Norways BW Energy to take final investment decisions on oil projects offshore the African country in late 2026, a senior Namibian official says. Both TotalEnergies and BW Energy are set to make
In a world where geopolitics and energy security are increasingly intertwined, China's national oil companies have emerged as pivotal actors in securing the nations energy future while shaping global energy dynamics.
(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.
Crude oil inventories in the United States saw a decrease of 3.3 Energy Information Administration released on Wednesday. Crude oil prices were trading up prior to the crude data release by the U.S. Energy Information Administration after the American Petroleum Institute (API) reported on Tuesday a draw of 4.6
Crude oil inventories in the United States saw a large increase of 6.2 Energy Information Administration released on Wednesday. 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.
Nigerias government has set a new, significantly higher, production target for the national oil company, aiming for 2.5 When the new NNPC management visited me, I increased their oil production target to 2.5 When the new NNPC management visited me, I increased their oil production target to 2.5
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. Energy Information Administration released on Wednesday. Crude oil prices were trading down prior to the crude data release by the U.S. Energy Information Administration.
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell this week, by 4.236 million barrels in the week ending May 23 after analysts had estimated a 1-million-barrel build. The API reported a 2.499 million barrel inventory increase in the prior week.
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.
(World Oil) – The American Petroleum Institute today joined more than 100 other energy trade groups and organizations in urging the Department of the Interior to develop a new five-year offshore leasing program that fully leverages the U.S. Outer Continental Shelf as a secure source of affordable, reliable energy.
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.
is pleased to announce that Ron Gusek, CEO of Liberty Energy and Amerino Gatti, Executive Vice President of Oilfield Services & Equipment for Baker Hughes have been confirmed as keynote speakers at EnerCom Denver – The Energy Investment Conference. (Oil Gatti served on the Board of Helix Energy Solutions Group, Inc.
(Oil Price) – As if WTI oil prices in the low $60s per barrel aren’t enough to slow production growth at America’s top producing shale basin, the Permian, new guidelines for permitting saltwater disposal wells could raise the costs for operators, especially smaller producers with limited resources.
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.
(Oil & Gas 360) – Publisher’s Note: CanCambria Energy will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. CanCambria Energy Corp. About CanCambria Energy Corp. CanCambria Energy Corp. Register to attend.
(World Oil) – South Africa has officially established its new state-owned oil corporationSouth African National Petroleum Company (SANPC). The establishment of the SANPC aligns with broader goals by the South African government to create a more competitive and investment-friendly petroleum sector.
Khalda Petroleum, a joint venture (JV) between the Egyptian General Petroleum Corporation (EGPC) and Apache Corporation, is bringing two new wells into production in June 2025, with an initial estimated total of 5,400 barrels of crude oil per day (bbl/d). Khalda completed drilling operations for the Fox Deep-02 appraisal well.
Crude oil inventories in the United States saw an increase of 1.4 Energy Information Administration released on Wednesday. Crude oil prices were trading up prior to the crude data release by the U.S. crude oil inventories amid strong product draws. crude oil inventories amid strong product draws.
Crude oil inventories in the United States saw a decrease of 2.7 Energy Information Administration released on Wednesday. Crude oil prices were trading down prior to the crude data release by the U.S. Energy Information Administration. crude oil inventories with draws in gasoline and distillate stocks.
Crude oil inventories in the United States saw an increase of 500,000 barrels during the week ending April 11, according to new data from the U.S. Energy Information Administration released on Wednesday. Crude oil prices were trading up in a rare show of strength prior to the crude data release by the U.S. million barrels in
Chinas Geo-Jade Petroleum has signed a swathe of major contracts that give Beijing control over Iraqs first fully integrated energy project. It also includes the construction of a 520,000-tonne annual capacity fertilizer plant, developing a
The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 4.247 million barrels for the week ending March 7. So far this year, crude oil inventories have climbed nearly 17 million barrels, according to Oilprice calculations of API data. Analysts had expected a 2.1 Inventory
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell again this week, this time by 3.3 So far this year, crude oil inventories are up more than 18 million barrels, according to Oilprice calculations of API data.
(Oil & Gas 360) – Join us as we celebrate three decades of bringing together the energy industry’s companies, investors, analysts, and industry leaders. Don’t miss the celebration, sponsorship opportunities are still available. The conference kicks off with the annual Charity Golf Tournament on Sunday, August 17th.
billion in deepwater oil and gas exploration and development offshore Nigeria, the local regulator, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has said. Exxon sold last year its onshore assets to local firm Seplat Energy, but is committed to offshore exploration and development in the country.
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