Egypt Oil & Gas

JUNE 12, 2025

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.

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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

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

MAY 22, 2025

Iraqs government has signed a deal with Chinese Geo-Jade Petroleum to expand production at the Tuba oil field, build a refinery and two power plants. The refinery that Geo-Jade Petroleum will build will have a capacity of 200,000 barrels daily.

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OilPrice

MAY 20, 2025

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 Earlier this week, the Department of Energy (DoE) reported that crude oil inventories in the Strategic Petroleum Reserve

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OilPrice

APRIL 8, 2025

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.

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OilPrice

MARCH 25, 2025

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 4.6 Earlier this week, the Department of Energy (DoE) reported that crude oil inventories in the Strategic Petroleum Reserve (SPR) climbed 0.2 million barrels for the week ending March 21. Analysts had expected a dip of 2.5

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OilPrice

MAY 28, 2025

While Saudi Arabia has been restricting crude oil production and exports as part of the OPEC+ deal, it has been running refineries at near-record levels this year and exporting record-high volumes of refined petroleum products. Stronger refining margins and higher exports of petroleum products have generated more income

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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 Earlier this week, the Department of Energy (DoE) reported that crude oil inventories in the Strategic Petroleum Reserve (SPR) climbed 0.3 million barrels again to 396.4

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Rigzone

JUNE 9, 2025

Natural Gas $3.63 -0.14% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS PTAS Aker Solutions Secures Contract Extension with Brunei Shell Petroleum by Paul Anderson | Rigzone Staff | Tuesday, June 10, 2025 | 2:28 AM EST The contract involves maintenance and upgrades to sustain production levels across offshore assets in the South China Sea.

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OilPrice

JUNE 10, 2025

Russian President Vladimir Putin has extended a ban on the sale of Russian oil and petroleum products to buyers that comply with the Western-imposed price cap, pushing the restriction through the end of 2025.

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OilPrice

MAY 25, 2025

Geological Survey (USGS) has discovered large oil and gas deposits in the Mowry Composite Total Petroleum System that spans parts of Wyoming, Colorado and Utah. The Department of the Interior has announced that the U.S.

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OilPrice

MARCH 26, 2025

oil inventory report by the American Petroleum Institute and expectations of tighter supply on Washingtons double-down on oil sanctions against Iran and Venezuela. per barrel, after the American Petroleum Institute reported on Tuesday that oil inventories in the county had fallen by 4.6 Brent crude was trading at $73.13

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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. Earlier this week, the Department of Energy (DoE) reported that crude oil inventories in the Strategic Petroleum Reserve (SPR) climbed 0.3 Analysts had expected a smaller 1.7

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Crude Oil American Petroleum Institute API Oil 283

Oil & Gas 360º

JUNE 11, 2025

commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) decreased by 3.6 crude oil inventories are 8% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data, reporting inventories as of June 6, 2025. million barrels from the previous week.

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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. Earlier this week, the Department of Energy (DoE) reported that crude oil inventories in the Strategic Petroleum Reserve (SPR) climbed 500,000 barrels to 397.5 The API estimated a 2.4

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OilPrice

MAY 30, 2025

Total petroleum product supplieda broad proxy The increase reflects steady momentum from the Permian and Gulf Coast operatorseven as drilling activity slows elsewhere. But while the supply side flexed its muscle, demand told a different story.

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BOE Report

JUNE 10, 2025

International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that IPC repurchased a total of 125,600 IPC common shares (ISIN: CA46016U1084) during the period of June 2 to 6, 2025 under IPC’s normal course issuer bid / share repurchase program (NCIB).

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Petroleum 45

NGT News

JANUARY 27, 2021

says PowerTap Hydrogen Fueling, its investee company, has executed a definitive agreement with Humboldt Petroleum Inc., Peninsula Petroleum LLC and Colvin Oil I LLC (collectively, the Andretti Group) to install PowerTap’s modular hydrogen fueling stations this year. Clean Power Capital Corp. – […].

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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 Earlier this week, the Department of Energy (DoE) reported that crude oil inventories in the Strategic Petroleum Reserve (SPR) climbed 600,000 barrels million barrels in the week ending May 2, after analysts had estimated a 2.5-million-barrel

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OilPrice

JUNE 4, 2025

On Tuesday, the American Petroleum Institute (API) reported a drop 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. million barrels in U.S. crude oil inventories, with a sizable build in gasoline stocks.

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OilPrice

MARCH 11, 2025

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. Earlier this week, the Department of Energy (DoE) reported that crude oil inventories in the Strategic Petroleum Reserve (SPR) climbed 0.3 Analysts had expected a 2.1 Inventory

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OilPrice

APRIL 10, 2025

Through bold investments, innovative technologies, and a relentless drive to both secure and diversify their energy sources, Chinas Big Three NOCs China National Petroleum Corporation (CNPC), China Petroleum & Chemical Corporation (Sinopec), and China National Offshore Oil Corporation (CNOOC)

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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.

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BOE Report

APRIL 28, 2025

Woodside Energy is in talks with an overseas unit of Kuwait Petroleum to sell a stake in its Louisiana liquefied natural gas plant in the U.S., The overseas unit, Kuwait Foreign Petroleum Exploration, is also considering securing LNG supply from the project, the [Read more]

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Petroleum Natural Gas Gas Energy 102

OilPrice

APRIL 22, 2025

Take fracking, which made Americas petroleum industry great again. But there is another aspect of water relevant to resource industries, namely that its scarcity will inhibit or raise costs of resource development, including that of oil and gas. It requires large quantities of water. And after the fracking, the drillers have to do something

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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 Earlier this week, the Department of Energy (DoE) reported that crude oil inventories in the Strategic Petroleum Reserve (SPR) climbed 1 million The API reported a 4.565 million barrel dip in the prior week.

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OilPrice

MARCH 12, 2025

Energy Information Administration, rebounding from a slide earlier in the week, even after the American Petroleum Institute (API) reported on Tuesday a build of 4.247 million barrels in U.S. Crude oil prices were trading up prior to the crude data release by the U.S. crude oil inventories amid strong product draws.

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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

JUNE 5, 2025

Scale and cost are the two biggest and interconnected challenges for the industry to begin replacing petroleum-based kerosene. The clean jet fuel, which can be made from used cooking oil, wastes, or plants, reduces carbon dioxide (CO2) emissions by up to 80%, the aviation industry says. High Costs, Low Availability Unfortunately, there

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OilPrice

APRIL 16, 2025

On Tuesday, the American Petroleum Institute (API) reported a build of 2.4 Energy Information Administration after a sharp dip over the last couple of weeks in the wake of the tariff war between the United States and China. million barrels in

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OilPrice

MAY 16, 2025

State-controlled Egyptian General Petroleum Corporation (EGPC) is looking to buy via a tender nearly 2 million tons of fuel oil to be delivered in May and June, a source with direct knowledge of the plans told Bloomberg on Friday.

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OilPrice

MAY 13, 2025

TotalEnergies is expected to submit this summer a field development plan for the Venus project, while BW Energy and Namibia are finalizing a plan to develop a smaller discovery, Maggy Shino, Petroleum Commissioner at the Namibian Ministry of Mines and Energy, said on Tuesday. Both TotalEnergies and BW Energy are set to make

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OilPrice

JUNE 2, 2025

Patrick De Haan, head of petroleum analysis at GasBuddy, noted, "The national average has seen a modest decline, but with oil prices rising again, we could see the trend reverse in the coming weeks." The national average price of gasoline in the United States has declined by 3.8 cents over the past week, now standing at $3.09

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OilPrice

APRIL 9, 2025

On Tuesday, the American Petroleum Institute Energy Information Administration, continuing their slide after another volley in the tariff war between the United States and China was manifest in an announcement of 84% tariffs levied on the US beginning April 10.

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American Petroleum Institute Crude Oil Oil Petroleum 310

Marcellus Drilling News

MAY 22, 2025

Marathon Petroleum) bought out and merged in the Utica Shales premier midstream company, MarkWest Energy, for $15 billion (see MarkWest Energy Investors/Unitholders Approve Merger with Marathon). In late 2015, MPLX (i.e.,

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OilPrice

APRIL 1, 2025

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

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