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. Energy Information Administration.

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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. million barrels again to 396.4

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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. After a transition period, Strategic Storage Partners will take over from the current SPR management firm, Fluor Federal Petroleum Operations (FFPO) on June 15, 2025.

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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. On Tuesday, the American Petroleum Institute (API) reported a drop of 3.3 crude oil inventories, with a sizable build in gasoline stocks. Energy Information Administration.

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American Petroleum Institute Crude Oil Oil API 312

OilPrice

MAY 16, 2025

Egypt is seeking to buy more fuel oil on which to run some of its power plants as natural gas supply is more expensive for the cash-strapped North African country. North African and Middle Eastern countries often turn to oil and direct crude burn for power generation, especially with spiking demand for

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OilPrice

MARCH 26, 2025

Crude oil prices earlier today touched a three-week high, driven by the latest U.S. oil inventory report by the American Petroleum Institute and expectations of tighter supply on Washingtons double-down on oil sanctions against Iran and Venezuela. Brent crude was trading at $73.13 million barrels in the week to March 21.

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OilPrice

APRIL 22, 2025

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

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OilPrice

MAY 23, 2025

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.

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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

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Crude Oil American Petroleum Institute API Oil 298

OilPrice

MAY 30, 2025

crude oil production surged to an all-time high in March, reaching 13.488 million barrels per day, according to newly released monthly EIA data. Total petroleum product supplieda broad proxy That edges out the previous monthly record of 13.450 million bpd set in October 2024, and an increase over the 13.153 million bpd in February.

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OilPrice

MAY 13, 2025

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.

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OilPrice

MARCH 7, 2025

Shell has started first oil production from the next development phase of a deepwater oil project offshore Malaysia, the UK-based supermajor said on Friday as Europes largest oil and gas companies are pivoting back to strategies to boost output of fossil fuels.

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OilPrice

MAY 6, 2025

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

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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. Energy Information Administration after the American Petroleum Institute (API) reported on Tuesday a build of 4.593 million barrels in U.S. essentially

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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.

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Crude Oil American Petroleum Institute API Oil 221

OilPrice

APRIL 9, 2025

Crude oil inventories in the United States saw an increase of 2.6 Crude oil prices were trading sharply down prior to the crude data release by the U.S. On Tuesday, the American Petroleum Institute million barrels during the week ending April 4, according to new data from the U.S.

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OilPrice

APRIL 23, 2025

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. Crude oil prices were trading down prior to the crude data release by the U.S. Energy Information Administration released on Wednesday.

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American Petroleum Institute Crude Oil Oil API 306

OilPrice

APRIL 2, 2025

Iran is targeting a dramatic increase in oil production from the fields it shares with neighbouring Iraq, according to the chief executive officer of its Petroleum Engineering and Development Company (PEDEC), Nasrollah Zarei. Other notable major shared fields among many others -- are Azar (on the

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OilPrice

MARCH 12, 2025

Albertas Premier Danielle Smith has discussed potential overseas sales of Alberta-owned heavy oil with a global oil and petrochemical firm, the Canadian oil-producing province said this week. Given the significant volume of conventional

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OilPrice

MAY 16, 2025

Kuwait, one of the top OPEC producers in the Middle East, plans to invest as much as $50 billion to raise its oil production capacity to above 3 million barrels per day (bpd) over the next five years, Kuwait Petroleum Corporations deputy chairman and CEO, Shaikh Nawaf Al-Sabah, has said. Kuwaits crude oil production averaged 2.415

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OilPrice

APRIL 1, 2025

Stronger economic growth than previously expected and booming demand for petrochemicals will lift Chinas oil demand by 1.1% this year, according to state giant China National Petroleum Corporation (CNPC).

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OilPrice

MAY 28, 2025

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.

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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.

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Crude Oil American Petroleum Institute API Oil 260

OilPrice

MAY 8, 2025

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 million barrels daily by the end of this year.

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OilPrice

APRIL 16, 2025

The idea of peak oil is familiar to most readers. It refers to the point at which global petroleum production reaches its maximum point and begins an irreversible decline. This prediction has been largely accurate, as we have witnessed a steady increase in global oil production followed by signs of plateauing

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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.

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Crude Oil American Petroleum Institute API Oil 236

OilPrice

APRIL 28, 2025

While Guyanas economy is booming, becoming an oil superpower, neighboring Suriname has yet to benefit from the basins immense hydrocarbon potential, despite world-class oil discoveries in offshore Block 58.

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OilPrice

MARCH 26, 2025

Crude oil inventories in the United States saw a decrease of 3.3 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 amid a strong gasoline draw.

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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. Energy Information Administration after the American Petroleum Institute (API) reported on Tuesday a build of 6.037 million barrels in U.S. ET at $74.50a

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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. On Tuesday, the American Petroleum Institute (API) reported a sizeable build in US crude oil inventories of 4.49

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Crude Oil American Petroleum Institute Oil API 278

OilPrice

APRIL 1, 2025

The Organization of Petroleum Exporting Countries (OPEC) reduced its crude oil production in March, ahead of its planned production increase for May, a new Bloomberg survey showed on Tuesday. OPEC reduced its crude oil production for March to an average of 27.43

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OilPrice

MAY 6, 2025

OPECs second-largest producer, Iraq, exported crude oil and petroleum products worth $29.58 Iraq, which was Indias top crude oil supplier before 2022 and the flow of cheap Russian oil, unwanted or banned in the West, held in 2024 a market share of about 20% of all crude oil imports into India, the worlds third-largest crude importer.

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OilPrice

JUNE 4, 2025

Crude oil prices reversed their trajectory from earlier this week, trending lower today after the American Petroleum Institute reported an estimated inventory rise in both gasoline and middle distillates, and Saudi Arabia cut its oil prices for Asian buyers to an almost four-year low. Brent crude was trading at $64.76

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American Petroleum Institute Oil API Crude Oil 236

Oil & Gas 360º

MAY 28, 2025

(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.

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OilPrice

MARCH 6, 2025

Tanzania plans to launch in May its fifth oil and gas licensing round for 26 exploration blocks in what will be the East African countrys first such bidding round since 2014.

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OilPrice

MARCH 14, 2025

Some state-controlled Chinese refiners have reduced purchases of Russian oil loadings for March as they assess the risks of dealing with sanctioned entities and wait for more clarity about a possible Russia-Ukraine ceasefire and potential U.S. sanctions relief on Russias oil trade.

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OilPrice

APRIL 16, 2025

Senior executives from Azerbaijans state oil firm SOCAR this week discussed with Egyptian officials and executives the idea to establish a strategic Egyptian-Azeri partnership in the oil and gas sector, Egypts Ministry of Petroleum and Mineral Resources said.

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