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U.S. crude oil inventories decrease by 5.7 million barrels

Oil & Gas 360º

MARCH 12, 2025

Weekly Crude Oil Storage as of March 7, 2025 U.S. commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) decreased by 5.7 million barrels from the previous week. million barrels, U.S. crude oil refinery inputs averaged 15.7 Refineries operated at 86.5%

Crude Oil

Crude Oil Barrel Oil Petroleum

U.S. crude oil inventories increase by 3.6 million barrels

Oil & Gas 360º

MARCH 5, 2025

Weekly Crude Oil Storage as of February 28, 2025 U.S. commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 3.6 million barrels from the previous week. million barrels, U.S. crude oil refinery inputs averaged 15.4 million barrels per day.

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China’s Oil Imports Could Rise as Newest Refinery Begins Trial Runs

OilPrice

MARCH 10, 2025

Shandong Yulong Petrochemical, the newest refiner in China, is set to begin trial runs at a 200,000-barrels per day crude processing unit later this month, traders familiar with the facilitys plans told Reuters on Monday, in what could be a boost to Chinese crude oil imports in the coming months.

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Refinery Oil Crude Oil Barrel

Saudi Crude Supply to China Set for One Year Low in April

OilPrice

MARCH 13, 2025

Despite the expected rise in OPEC+ production in April, Saudi Arabia is set to ship significantly lower crude oil volumes to China next month to levels not seen in over a year, Reuters reported on Thursday, quoting trade and industry sources.

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Crude Oil Barrel Refinery Maintenance

Weak refinery, export demand weakens prices for Midland crude along Texas coast

Oil & Gas 360º

MARCH 6, 2025

(Investing) –HOUSTON – The price spread between WTI Midland crude in West Texas and Houston has narrowed this year as cold weather hurt Permian production, driving up prices, but weaker refinery and export demand on the U.S. Permian oilfield and strong export demand for WTI Midland crude widened price differentials.

Refinery

Refinery Barrel Pipeline Crude Oil

US crude inventories rise, fuel draws down amid ongoing maintenance, EIA says

BOE Report

MARCH 12, 2025

crude oil stockpiles rose and fuel inventories fell last week as seasonal refinery maintenance season ticked along, the Energy Information Administration (EIA) said on Wednesday. Crude inventories rose by 1.4 million barrels to 435.2

Maintenance

Maintenance Crude Oil Barrel Refinery

Indonesia to Build Refineries with Total Capacity of 1 mmbbl/d

Egypt Oil & Gas

MARCH 11, 2025

The Minister of Energy of Indonesia Bahlil Lahadalia announced that the country is to build oil refineries on several of its islands, including Kalimantan and Sulawesi, with a total capacity of 1 million barrels per day (mmbbl/d) increasing from 500,000 b/d, Reuters reported.

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Pemex oil exports fall in January, including by 36 percent to U.S.

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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Crude Oil Oil Refinery Condensate

What’s Happening: The Unexpected Growth in U.S. Oil Inventories and What It Means for the Industry

Rextag

NOVEMBER 25, 2024

Will rising imports and weak demand keep crude prices under pressure, or is a rebound on the horizon? As winter approaches, the interplay between refinery activity, import volumes, and demand for refined products will be crucial. crude oil inventories grew by 545,000 barrels last week to reach 430.3

Oil

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Protests Escalate In France, Force Exxon To Shut Down Operations

Orient Energy Review

MARCH 27, 2023

An extension of the current strikes at Frances Le Havre port has cut off crude oil deliveries to ExxonMobils nearby Port Jerome refinery, according to the CGT trade union. TotalEnergies Gonfreville refinery also shut down earlier in the weeka refinery producing 246,90 barrels per day.

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Valor | Energy Connection – Feb. 24, 2025

Valor

FEBRUARY 24, 2025

Oildips on pending Kurdistan supply resumption Summary : Oil prices declined on Monday, extending last weeks losses, as markets anticipated the resumption of crude exports from Iraqs Kurdistan region. Brent crude fell 20 cents to $74.23 per barrel, while WTI dropped 28 cents to $70.12 crude output to grow from 13.2

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Nigeria Oil Industry Overview

Drillers

MARCH 24, 2020

Production grew fast, and today, Nigeria pumps close to 2 million BPD, which makes it the largest producer of crude oil in Africa. Nigeria joined OPEC in 1971 before it even had its own state oil company. According to estimates from human rights groups, millions of barrels have leaked or spilt in the Niger Delta over the years.

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Oil Royalty Exploration and Production Government

Mexico reaches out to Europe and Asia oil buyers after U.S. tariffs hit

Oil & Gas 360º

MARCH 6, 2025

Mexico has seen its total oil exports drop off in recent years due to Pemex struggling with the worst decline in production in decades. Still, Mexico exported more than 600,000 barrels per day (bpd) on average to the United States in 2024, according to data from the U.S. There’s demand for heavy crude and Pemex crude, they added.

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Oil Refinery Government Barrel

Oil & Gas in 2025: Which Basin Will Dominate U.S. Energy and What’s Behind the $105 Billion in Oil Deals?

Rextag

FEBRUARY 24, 2025

Oil and Gas Basins: Growth, Challenges, and 2025 Outlook Permian Basin (Texas & New Mexico) The Undisputed Leader 2023-2024 Overview The Permian Basin has remained the most important oil-producing region in the United States, supplying nearly 46% of the nations crude oil output in 2024. crude oil investments.

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Basin Oil Gas Exploration and Production

Rystad: Oil prices under pressure, but don’t expect a freefall

Oil & Gas 360º

MARCH 7, 2025

(Oil Price) –Oil prices took a hit this week, and according to Rystad Energy, the bearish mood is realbut temporary. Rystads Mukesh Sahdev, Global Head of Commodity Markets – Oil, notes that the market is fixated on oversupply fears, especially as time spreads narrow dangerously close to contango.

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Energy Aggregated

U.S. crude oil inventories decrease by 5.7 million barrels

U.S. crude oil inventories increase by 3.6 million barrels

Trending Sources

China’s Oil Imports Could Rise as Newest Refinery Begins Trial Runs

Saudi Crude Supply to China Set for One Year Low in April

Weak refinery, export demand weakens prices for Midland crude along Texas coast

US crude inventories rise, fuel draws down amid ongoing maintenance, EIA says

Indonesia to Build Refineries with Total Capacity of 1 mmbbl/d

Pemex oil exports fall in January, including by 36 percent to U.S.

What’s Happening: The Unexpected Growth in U.S. Oil Inventories and What It Means for the Industry

Protests Escalate In France, Force Exxon To Shut Down Operations

Valor | Energy Connection – Feb. 24, 2025

Nigeria Oil Industry Overview

Mexico reaches out to Europe and Asia oil buyers after U.S. tariffs hit

Oil & Gas in 2025: Which Basin Will Dominate U.S. Energy and What’s Behind the $105 Billion in Oil Deals?

Rystad: Oil prices under pressure, but don’t expect a freefall

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