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Crude Stockpiles Rise, But Gasoline and Distillates See Big Draws

OilPrice

million barrels during the week ending March 7, according to new data from the U.S. Energy Information Administration released on Wednesday. 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.

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Why U.S. Oil Production Is Up 6.5% in 2024

Energy Central

According to the latest Weekly Petroleum Status Report from the U.S. Energy Information Administration, year-to-date daily average oil production is 13.2 million barrels per day. higher than last year’s record production of 12.5 million BPD. This ongoing growth in U.S. crude oil production will almost.

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Valor | Energy Connection – Feb. 24, 2025

Valor

February 24, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. Stay tuned for weekly updates to keep you well-informed. per barrel, while WTI dropped 28 cents to $70.12 per barrel, following a $2 decline on Friday. million barrels Summary : U.S.

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

Rextag

crude oil inventories grew by 545,000 barrels last week to reach 430.3 million barrels , defying analyst forecasts of an 800,000-barrel decline. Energy Information Administration (EIA). Adding to the intrigue, oil held in the Strategic Petroleum Reserve (SPR) rose by 1.4 million barrels to 389.2

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Unconventionals Analyst v3.2 Enhances Shale Oil and Gas Projects with Advanced Analytics

Exprodat

Exprodat , the energy sector GIS specialist and Getech Group company, has released a new version of its popular Unconventionals Analyst software, which is used by petroleum operators and financial institutions to manage shale oil and gas projects and investments. At version 3.2,

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New Judge, Same Result – $81 Million CWA Civil Penalty Appealed

The Energy Law

District Court Judge Dee Drell (Western District, LA) recently denied a motion to alter or amend the Court’s judgment against CITGO Petroleum Corp.– CITGO Petroleum Corp., The EPA sought a penalty of $4,300 per barrel. CITGO Petroleum Corp., allowing an $81 million judgment against the oil company to stand.

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U.S. Fifth Circuit Greenlights Contribution Action for Purely Economic Damages Under Oil Pollution Act (OPA)

The Energy Law

As a result of the collision, approximately 750 barrels of light crude oil discharged into the river. The statute is designed to promote quick, efficient cleanup and internalize costs within the petroleum industry. Following the spill, the U.S. Coast Guard designated Settoon the OPA Responsible Party.

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