OilPrice

APRIL 23, 2025

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.

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Energy Outlook Advisors

APRIL 9, 2025

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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Iraq Business News: Oil & Gas

MAY 17, 2025

Iraq's South Refineries Company (SRC) is nearing the completion of its Fluid Catalytic Cracking (FCC) project, with 98% of the work done. Deputy Prime Minister and Minister of Oil, Hayan Abdul Ghani, emphasized the importance of boosting production to achieve self-sufficiency in petroleum products during his visit to the site.

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Iraq Business News: Oil & Gas

MARCH 31, 2025

Al-Sudani has announced that Iraq's refining capacity will soon reach 1,542,000 barrels per day (bpd) following the expansion of key refineries. During a visit to Maysan province, the Prime Minister inaugurated the Maysan [Missan] Refinery Development Project , which will increase its capacity from 40,000 to 110,000 bpd.

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Oil & Gas 360º

JUNE 4, 2025

commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) decreased by 4.3 crude oil inventories are 7% 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 May 30, 2025. Refineries operated at 93.4%

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Oil & Gas 360º

MAY 21, 2025

commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 1.3 crude oil inventories are 6% 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 May 16, 2025. crude oil refinery inputs averaged 16.5

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Oil & Gas 360º

MAY 14, 2025

commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 4.0 crude oil inventories are 6% 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 May 9, 2025. crude oil refinery inputs averaged 16.4

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Iraq Business News: Oil & Gas

FEBRUARY 9, 2025

Kirkuk Governor Ribwar Taha Mustafa has signed a contract for the construction of the Kirkuk Refinery , which has a planned production capacity of 70,000 barrels per day (bpd). The refinery will be built by Sulaymania-based Rania Group , and will reportedly cost around $2 billion. By John Lee.

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Iraq Business News: Oil & Gas

FEBRUARY 11, 2025

The Iraqi Ministry of Oil has announced plans to expand Maysan [Missan] Refinery by adding a new refining unit with a capacity of 70,000 barrels per day (bpd), increasing the refinery's total output to 110,000 bpd. The Deputy Minister called on refinery staff to ensure efficient operations and uninterrupted fuel supply.

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Oil & Gas 360º

MARCH 19, 2025

commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 1.7 crude oil inventories are 5% 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 March 14, 2025. crude oil refinery inputs averaged 15.7

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Oil & Gas 360º

MAY 7, 2025

commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) decreased by 2.0 crude oil inventories are 7% 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 May 2, 2025. crude oil refinery inputs averaged 16.1

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Oil & Gas 360º

APRIL 30, 2025

commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) decreased by 2.7 crude oil inventories are 6% 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 April 25, 2025. crude oil refinery inputs averaged 16.1

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Oil & Gas 360º

APRIL 23, 2025

commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 0.2 crude oil inventories are 5% 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 April 18, 2025. crude oil refinery inputs averaged 15.9

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Oil & Gas 360º

APRIL 16, 2025

commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 0.5 crude oil inventories are 6% 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 April 11, 2025. crude oil refinery inputs averaged 15.6

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Oil & Gas 360º

APRIL 9, 2025

commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 2.6 crude oil inventories are 5% 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 April 4, 2025. crude oil refinery inputs averaged 15.6

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Oil & Gas 360º

APRIL 2, 2025

commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 6.2 crude oil inventories are 4% 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 March 28, 2025. crude oil refinery inputs averaged 15.6

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Oil & Gas 360º

MARCH 26, 2025

commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) decreased by 3.3 crude oil inventories are 5% 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 March 21, 2025. crude oil refinery inputs averaged 15.8

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Oil & Gas 360º

MARCH 12, 2025

commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) decreased by 5.7 crude oil inventories are 5% 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 March 7, 2025. crude oil refinery inputs averaged 15.7

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Oil & Gas 360º

MARCH 5, 2025

commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 3.6 crude oil inventories are 4% 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 February 28, 2025. crude oil refinery inputs averaged 15.4

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Iraq Business News: Oil & Gas

FEBRUARY 5, 2025

Al-Sudani has overseen the signing of an $800-million contract for the expansion of Al-Diwaniya Refinery , adding a 70,000 barrel-per-day (bpd) atmospheric distillation unit to raise total capacity to 90,000 bpd. It will also facilitate the Al-Shanafiyah power plant, secure petroleum product supplies, and generate employment.

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Oil & Gas 360º

MAY 9, 2025

The Organization of Petroleum Exporting Countries (OPEC), + other world exporters announcing Monday, that production limits will be increased 411,000 barrels per day in June deflated the spot market price of West Texas Intermediate (WTI) crude oil back below $60 per barrel (Figure 1, red line).

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Egypt Oil & Gas

MARCH 24, 2025

Minister of Petroleum and Mineral Resources Karim Badawi attended the General Assembly meeting of the Middle East Oil Tankage & Pipelines (MIDTAP) company to discuss its 2024 performance. The total volume of petroleum products traded on the company’s marine dock reached 4.7 million tons in 2024, compared to 1.6

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BOE Report

APRIL 7, 2025

OPEC oil output fell in March ahead of a scheduled output hike, a Reuters survey found, as Nigeria curbed deliveries to domestic refineries and Iranian and Venezuelan supply dropped on renewed U.S. The Organization of the Petroleum Exporting Countries pumped 26.63 attempts to curb the flows.

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Egypt Oil & Gas

MARCH 26, 2025

This came during the general assembly meeting of the Middle East Oil Refinery (MIDOR), attended by the Minister of Petroleum and Mineral Resources, Karim Badawi, to discuss and review the companys fiscal year results in 2024.

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Energy Central

OCTOBER 19, 2022

Environmental Protection Agency, over 1,500 industrial buildings utilize cooling towers to cool power plants, petrochemical plants, natural gas processing plants, petroleum refineries and food processing plants. According to the U.S. Due to their.

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Oil & Gas 360º

APRIL 3, 2025

Kyari was the longest-serving CEO of the NNPC, which become a company in 2021 under a new petroleum law passed by the West African nations government. The new board has been asked to conduct a strategic review of NNPC-operated and joint venture assets to ensure alignment with value-maximization objectives, Onanuga said.

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Egypt Oil & Gas

MARCH 27, 2025

Minister of Petroleum and Mineral Resources Karim Badawi witnessed the proceedings of the General Assembly meeting of the Egyptian Company for Operation and Maintenance of Projects (EPROM) to review its 2024 business performance. The post EPROMs 2024 Net Profits Reached EGP 1.096B first appeared on Egypt Oil & Gas.

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RBN Energy

APRIL 20, 2025

Consumption of petroleum-based refined products is declining due to a host of factors including increased renewable diesel (RD) usage, slowing population growth, electric vehicle (EV) penetration and fuel efficiency improvements, just to name a few, but thats only half the story.

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Egypt Oil & Gas

APRIL 20, 2025

(CNCEC), ENPPI, and Petrojet, in the presence of Prime Minister Mostafa Madbouly and the Minister of Petroleum and Mineral Resources, Karim Badawi. It is designed to produce a range of petrochemical products through an advanced oil refinery and steam cracking units, enabling the production of ethylene and propylene.

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Oil & Gas 360º

MARCH 18, 2025

Based on the well tests carried out prior to March 2025, the well is currently proven to be capable of producing 1,200 bpd, which is transported by truck to the Danube Refinery in Szzhalombatta. The drilling of the new well in the Somogysmson oilfield, called Som-8, began on November 25, 2024, and was completed after 33 days.

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Iraq Business News: Oil & Gas

MAY 21, 2025

Iraq's Ministry of Oil has signed a major contract for the South Basra Integrated Project with a consortium comprising China's Geo-Jade Petroleum and Iraq's Crescent Basra (Hilal Al-Basra). Constructing a high-specification refinery with a capacity of 200,000 bpd. By John Lee.

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Permian Basin Oil and Gas Magazine

MARCH 4, 2025

Crude oil exports by Pemex, Mexicos state-owned petroleum company managed and operated by the Mexican government, fell 44 percent in January 2025 compared to the same month last year to 532,404 barrels per day. Thats its lowest in decades, according to Reuters , as the company has admitted it is struggling with crude quality.

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True Natural Gas

FEBRUARY 7, 2025

Petroleum Refining Natural gas is heavily used in the oil and gas industry itself. Refineries rely on natural gas to generate hydrogen, which is used to remove sulfur from fuels like gasoline and diesel, making them cleaner-burning and more environmentally friendly.

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Egypt Oil & Gas

MARCH 27, 2025

Minister of Petroleum and Mineral Resources Karim Badawi witnessed the proceedings of the general assembly meeting of the Engineering for the Petroleum & Process Industries (Enppi), the engineering and training arm of the petroleum sector, to discuss and approve the results of the 2024 business year.

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Oil Review Middle East

MAY 12, 2025

Downstream, Aramco made progress in capital projects such as the construction of the refinery-integrated petrochemical steam cracker being developed by S-OIL, the Amiral expansion at the SATORP refinery, and other projects.

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Egypt Oil & Gas

MARCH 13, 2025

Minister of Petroleum and Mineral Resources Karim Badawi held meetings with Clay Neff, President of Chevron International Exploration and Production, and Dong Sub Kim, President & CEO of Korea National Oil Corporation (KNOC), focusing on investments and capacity building.

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Rextag

NOVEMBER 25, 2024

As winter approaches, the interplay between refinery activity, import volumes, and demand for refined products will be crucial. Adding to the intrigue, oil held in the Strategic Petroleum Reserve (SPR) rose by 1.4 IMPORTS SURGE WHILE REFINERY ACTIVITY COOLS Crude oil imports surged by a remarkable 1.2 million barrels to 389.2

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