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US refinery capacity grew by nearly 40,000 bpd to 18.4 million bpd in 2024

BOE Report

refinery crude oil processing capacity grew by nearly 40,000 barrels per day in 2024 to 18.4 Energy Information Administration said on Friday. million bpd, the U.S.

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Middle East Conflict Jolts Energy Markets

Enverus

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. Strategic Petroleum Reserve is depleted by 200 million barrels to 2021.

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China Tightens Grip on Iraq’s Energy Future with Massive Basra Megaproject

OilPrice

Chinas Geo-Jade Petroleum has signed a swathe of major contracts that give Beijing control over Iraqs first fully integrated energy project.

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Saudi Arabia and India Forge Deeper Energy Ties

OilPrice

The worlds largest crude oil exporter, Saudi Arabia, and the third biggest importer, India, agreed on Wednesday to enhance cooperation in the energy sector, including in crude oil and petroleum products supply and the construction of two refineries. In energy, India agreed to

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Valero announces notice to the California Energy Commission regarding its Benicia, California, refinery

Oil & Gas 360º

billion was recorded for the Benicia and Wilmington refineries, and is expected to be treated as a special item and excluded from first quarter 2025 adjusted earnings. Valero owns 15 petroleum refineries located in the U.S., Valero continues to evaluate strategic alternatives for its remaining operations in California.

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Indonesian Pertamina Imports Sanctions-Compliant Russian Crude

OilPrice

Pertamina has been importing Russian crude oil complying with the Western sanctions, a top official at Indonesias state energy firm said on Wednesday.

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US Weekly Oil Data (With a summary of oil outlook for 2025 and 2026 in light of recent developments)

Energy Outlook Advisors

US Strategic Petroleum Reserves grew by 0.276 mb to 396.7 Refinery utilization rose from 86% to 86.7%, with gross crude inputs increasing from 15.689 mb/d to 15.912 mb/d. April 9, 2025 Subscribe now IN DETAIL US crude oil inventories rose by 2.553 mb to 442.3 mb last week, per the EIA (Figure 1). Gasoline inventories fell by 1.6

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