BOE Report

MARCH 11, 2025

Mexico’s state oil company Pemex expects to continue diverting barrels of heavy crude away from U.S. Gulf Coast refiners as its new Olmeca refinery ramps up processing, the head of the company’s trading arm PMI, Margarita Perez, said on Tuesday.

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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. Source: PMO) The post $800m Iraqi Refinery Expansion Project Signed first appeared on Iraq Business News.

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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. 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. million barrels to 389.2 million barrels.

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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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Valor

FEBRUARY 24, 2025

per barrel, while WTI dropped 28 cents to $70.12 per barrel, following a $2 decline on Friday. million barrels per day (bpd) in 2024 to 13.6 The terminal will load up to 1 million barrels per day onto the worlds largest tankers, boosting U.S. million barrels Summary : U.S. million barrels to 432.5

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Reporting Oil and Gas

NOVEMBER 23, 2023

The management of the Tema Oil Refinery (TOR) has been directed by the Office of the Special Prosecutor to suspend its proposed partnership agreement with Tema Energy and Processing Limited. Although the Tema Oil Refinery has a capacity to refine 45,000 barrels of oil per day, its operations have been inconsistent.

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The Energy Law

JULY 26, 2013

The case relates to a 2006 oil spill which occurred at CITGO’s Lake Charles, Louisiana, refinery. The Fifth Circuit concluded that the broad range set by the District Court in actuality “left economic benefit as s non-factor.” Opinion, p. Thus, the District Court erred in its penalty calculation. Opinion, pp.

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Drillers

MARCH 24, 2020

billion barrels of proven oil reserves as well as 5.675 trillion cubic metres of natural gas, which explains why the supermajors are not too tired of their problems in Nigeria. According to estimates from human rights groups, millions of barrels have leaked or spilt in the Niger Delta over the years. Exxon comes next: the U.S.

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The Energy Law

MAY 26, 2016

Charles refinery. As a result, Judge Haik imposed a civil penalty of $1,500 per barrel spilled – for a total of $81 million – and significantly increased the penalty of $111 per barrel in his original judgment. The EPA sought a penalty of $4,300 per barrel. In the original judgment , U.S. Adm’r of E.P.A. million dollars.

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Coolfire Core

OCTOBER 15, 2019

While the price-per-barrel of oil has recovered since the staggering lows of 2016, its down again from earlier 2019 highs, and may not reach $100/barrel any time soon. While the price-per-barrel of oil has recovered since the staggering lows of 2016, its down again from earlier 2019 highs, and may not reach $100/barrel any time soon.

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Oil & Gas 360º

MARCH 6, 2025

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. One trader believes that only refineries in Asia would be suited to process Mexicos heavier crudes due to the refinery specifications to work with heavy crude grades. But the 25% U.S.

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Oilholics Synonymous Report

OCTOBER 4, 2024

The last few weeks have been relentless in terms of geopolitical developments and their impact on the oil market - albeit a somewhat oversupplied one with plenty of barrels to more than meet global demand. The reason is a bit more complicated than yet another escalation of tensions in the Middle East. Well that's all for now folks!

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RBN Energy

MARCH 14, 2025

That limits the need for refinery capacity, which matches the regions average annual consumption and is only outstripped in the summer months. In todays RBN blog, well look at how PADD 4 dispenses these barrels and its role in balancing continental crude oil supply and demand.

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Rextag

FEBRUARY 24, 2025

Exxon, Chevron, and Shell Are Betting on Carbon CaptureIs It the Future? oil and gas industry is experiencing one of its most transformative periods. Over the past two years, 2023 and 2024, production levels have soared, investment strategies have shifted, and new regulatory frameworks have emerged. 2023 Production: ~6.0 2024 Production: 6.3

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Orient Energy Review

MARCH 27, 2023

Observers say thats a much weaker position than normal for this time of the month when trade should be moving on to Mays barrels and the prices the shipments can fetch are dropping, they said. Each cargo is about a million barrels of crude. Well over 80% of Frances 1.1 Long-haul buyers like Indian Oil Corp. By Ken Okoye

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Valor

MARCH 10, 2025

per barrel and WTI dropping 40 cents to $66.64, marking WTIs seventh consecutive weekly lossthe longest streak since November 2023. Meanwhile, US crude production averaged 13.508 million barrels per day for the week ending February 28, 2025, with WTI trading at $67.17 per barrel (up 1.22%) and Brent at $70.41 energy industry.

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Adrian - Oil & Gas

DECEMBER 29, 2022

The Keystone 1 pipeline carries up to 720,000 barrels per day of tarsands from Alberta, Canada to refineries in Texas and Illinois.) TC Energy oil spill PR oil discharge 12-9-22 (Photo: U.S. EPA) December 8, 2022: PHMSA issues Corrective Action Order to TC Energy re: Dec. Charles County, Missouri.

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Oil & Gas 360º

MARCH 7, 2025

Brent crude briefly dipped near $69 per barrel as markets reacted to OPEC+s decision to gradually increase output starting in April, while ongoing tariff drama from Washington continues to rattle demand expectations. per barrel and the market flirts with contango. The result? Still, Rystad Energy doesnt see this as a lasting downturn.

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Oil & Gas 360º

MARCH 12, 2025

Canada ships about 4 million barrels of crude to the U.S. per day via pipeline, mainly to Midwest refineries. The runup to the tariff deadline came with some drama on Tuesday as Trump threatened Canada with doubling the duty to 50% on its steel and aluminum exports to the U.S. tariffs were removed. tariffs persist.

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