Barrel and Oil - Energy Aggregated

Oil Prices Continue Downward Spiral Amid Market Chaos

OilPrice

MARCH 10, 2025

Oil markets have kicked off the new week on the back foot with the oil price selloff deepening amid a raft of bearish catalysts. per barrel at 1.44 per barrel. Brent crude for May delivery fell 1.38% to trade at $69.39 pm ET on Monday, while WTI crude for April delivery declined 1.37% to change hands at $66.12

Oil

Oil Crude Oil Barrel

U.S. Oil Exports to India Jump Amid Sanctions on Russia

OilPrice

MARCH 6, 2025

The United States exported in February the highest crude oil volumes to India in more than two years as Indian refiners scramble for alternative supply after the latest U.S. sanctions on Russias oil trade. crude oil exports to India jumped to 357,000 barrels per day (bpd), according to vessel-tracking data from Kpler cited by Reuters.

Crude Oil

Crude Oil Oil Barrel

U.S. Energy Secretary: Shale Could Boost Production Even at $50 Oil

OilPrice

MARCH 10, 2025

shale producers could increase production even if oil prices fell to $50 per barrel as the sector continues to innovate and boost efficiency gains, U.S. The shale industry can sustain a lower price of oil, according to Wright, a former boss at fracking firm Liberty Energy. New supply is going to drive prices down.

Oil

Oil Energy Energy Barrel

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 million barrels per day. million barrels per day.

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. Imports U.S.

Crude Oil

Crude Oil Barrel Oil Petroleum

Alberta Discuses Heavy Oil Sales With Large Overseas Buyer

OilPrice

MARCH 12, 2025

Albertas Premier Danielle Smith has discussed potential overseas sales of Alberta-owned heavy oil with a global oil and petrochemical firm, the Canadian oil-producing province said this week.

Oil

Oil Petroleum Barrel Government

Oil Prices Rebound on Resilient Demand Signals

OilPrice

MARCH 12, 2025

Crude oil prices inched higher after starting the week with sharp losses, amid reports of rebounding Asian imports and a weaker dollar that should stimulate stronger demand. per barrel, with West Texas Intermediate at $66.75 per barrel, as the U.S. At the time of writing Brent crude was trading at $70.05 Even an estimated U.S.

Oil

Oil Crude Oil Barrel Gas

India’s Oil Imports From Russia Rebound After Initial Sanctions Chaos

OilPrice

MARCH 12, 2025

Indian imports of crude oil from Russia appear to be rebounding in March following lower purchases earlier this year in the immediate aftermath of the January U.S. sanctions on Russias oil trade.

Oil

Oil Crude Oil Barrel

Crude Stockpiles Rise, But Gasoline and Distillates See Big Draws

OilPrice

MARCH 12, 2025

Crude oil inventories in the United States saw an increase of 1.4 million barrels during the week ending March 7, according to new data from the 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. The Brent benchmark was trading

American Petroleum Institute

American Petroleum Institute Crude Oil Barrel API

Rystad: Oil Prices Under Pressure, But Don’t Expect a Freefall

OilPrice

MARCH 7, 2025

Oil prices took a hit this week, and according to Rystad Energy, the bearish mood is realbut temporary. 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.

Oil

Oil Barrel Energy Energy

Indonesia Bets Big on Oil With $12.5 Billion Refinery Gamble

OilPrice

MARCH 6, 2025

Indonesia is going all-in on oil with a massive $12.5 The government announced plans for the 531,500-barrel-per-day facility, making it one of the largest in the regionbecause when youre an economy growing as fast as Indonesias, relying on imports just isnt cutting it anymore.

Refinery

Refinery Oil Barrel Government

Nigeria Boosts Oil Production Above Its OPEC+ Quota

OilPrice

MARCH 7, 2025

Higher exports and increased demand from the huge new African refinery, Dangote, pushed Nigerias oil production in February 70,000 barrels per day (bpd) above its OPEC+ quota of 1.5 The rise in Nigerian oil production and an increase in Irans output despite U.S. million bpd, a Reuters survey showed.

Oil

Oil IT Refinery Barrel

Exxon Bets Big on Natural Gas in Its Eighth Guyana Oil Project

OilPrice

MARCH 11, 2025

ExxonMobils eighth oil project offshore Guyana will also be the biggest natural gas development of the Exxon-led consortium in the prolific Stabroek Block. Exxon and its partners in Guyanas oil projects, U.S. Hess Corp and CNOOC of China, expect to produce up to 1.5

Natural Gas

Natural Gas Oil Gas Condensate

Ecuador’s President Noboa demands $1.5 billion early payment for major oil deal

Oil & Gas 360º

MARCH 6, 2025

(World Oil) –Ecuadors President Daniel Noboa has ordered a consortium seeking to take over the nations top oil asset to pay an entry fee of $1.5 Previously, the consortium of local subsidiaries of Chinese oil company Sinopec and New Stratus Energy Inc. billion by March 11, moving up the deadline by more than three weeks.

Oil

Oil Barrel Field Government

Draws in Fuel Stocks Counter Crude Inventory Build

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. million-barrel build. So far this year, crude oil inventories have climbed nearly 17 million barrels, according to Oilprice calculations of API data.

American Petroleum Institute

American Petroleum Institute Crude Oil API Barrel

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.

Refinery

Refinery Oil Crude Oil Barrel

Saudi Arabia Cuts Oil Prices for Asia as OPEC+ Output Inches Up

OilPrice

MARCH 7, 2025

per barrel over Oman/Dubai, a 40-cent cut. Saudi Arabia just dialed back its crude prices for Asia, according to Aramcos just-published rate sheet. The company has trimmed official selling prices (OSPs) for the first time in three months, with Aramcos April price sheet now showing Arab Light at $3.50 sanctions squeezing Russian supply.

Barrel

Barrel Oil IT

Oil Prices Dip Despite Bullish Demand Outlook

OilPrice

MARCH 13, 2025

Crude oil prices dipped today, despite expectations for strong demand following the U.S. per barrel, with West Texas Intermediate at $67.55 per barrel, both down from Wednesday. The Energy Information Administration reported a crude oil stock build of 1.4 At the time of writing, Brent crude was trading at $70.87

Crude Oil

Crude Oil Oil Barrel Energy

EIA STEO: Oil’s Tight Squeeze To Create Price Pop Before the Drop

OilPrice

MARCH 11, 2025

The first half of 2025 is shaping up to be a squeeze play for global oil markets. Brent crude prices are inching up from $70 per barrel to a newly forecasted $75/b by Q3, the EIA has said in its latest Short Term Energy Outlook released on Tuesday. Supply is tightening thanks to ongoing production declines in Iran and Venezuela.

Barrel

Barrel Oil IT Energy

Why Russian Gas Flows To Europe Are Unlikely To Resume Any Time Soon

OilPrice

MARCH 6, 2025

million barrel per day cut from April. The press release stressed that the return of oil may be paused or reversed subject to market conditions, easing fears among traders who previously

Barrel

Barrel Gas Oil

Iraqi Oil Export Talks And Without A Deal

OilPrice

MARCH 6, 2025

Talks on resuming Iraqi oil flows to Turkey once again have ended in deadlock for the second time in a week despite Washington applying pressure to Iraq to resume the exports, Reuters has reported. billion for unauthorized exports by the KRG.

Oil

Oil Barrel Pipeline

Offline for a Decade, Libya’s Mabruk Field Restarts Production

OilPrice

MARCH 12, 2025

Production officially restarted on Sunday at an initial rate of 5,000 barrels per day, with plans for an increase to 25,000 bpd by July. According to the Chairman of Libyas National Oil Corporation, Masoud Sulaiman, Libya plans to increase its oil output from 1.4 mb/d currently to 2 mb/d in 2028.

Field

Field Shutdown Barrel Oil

Kazakhstan in Talks With Big Oil to Cut Output

OilPrice

MARCH 11, 2025

The government of Kazakhstan is talking with the supermajors operating its oil fields to reduce production in line with the OPEC+ agreement to which the Central Asian country is a party. We are in phases of discussions with the majors, we are having an open dialogue, energy minister Almasadam Satkaliyev said, as quoted by Reuters,

Oil

Oil Barrel Field Government

USA Crude Oil Inventories Rise by 4.6MM Barrels WoW

Rigzone: News

FEBRUARY 21, 2025

Crude oil stocks, not including the SPR, stood at 432.5 million barrels on February 14, according to the EIA.

Crude Oil

Crude Oil Barrel Oil

Whitecap and Veren Merge to Create US$10-Billion Canadian Light Oil Producer

OilPrice

MARCH 10, 2025

billion (C$15 billion) deal that will create a leading Canadian light oil and condensate producer, the companies said on Monday. billion (C$15 billion), and 370,000 barrels of oil per day (boe/d) of production, 63% of Whitecap Resources and Veren have agreed to merge in a US$10.4 billion (C$15 billion), inclusive of net debt.

Oil

Oil Condensate Barrel

Trade War Uncertainty Keeps Oil Traders on Edge

OilPrice

MARCH 7, 2025

Crude oil prices remain under pressure, struggling to gain upside traction as bearish fundamentals dominate sentiment. A combination of OPEC+ supply hikes, trade war escalations, and weak demand indicators has kept oil bulls at bay, reinforcing a bearish outlook for the market.

Oil

Oil Crude Oil Barrel IT

U.S. LNG's Kingmaker Status Has an Expiration Date

OilPrice

MARCH 11, 2025

Once upon a time, in the not-so-distant past, the United States was the world's largest importer of energy, guzzling down foreign oil and gas like a frat boy at a kegger. was staring down the barrel of energy scarcity. But the script has since flipped. The Shale Gale: A Brief History In the early 2000s, the U.S.

Hydraulic Fracturing

Hydraulic Fracturing Natural Gas Barrel Gas

Aramco CEO predicts record oil demand will follow OPEC+ output revival

Oil & Gas 360º

MARCH 4, 2025

(World Oil) – Global oil demand will hit a record this year as Asian countries, particularly China and India, continue to expand consumption, said the head of the worlds biggest oil producer Saudi Aramco. Oil use is set to rise by 1.3

Oil

Oil Barrel Natural Gas IT

Exxon bets big on natural gas in its eighth Guyana oil project

Oil & Gas 360º

MARCH 11, 2025

(Oil Price) –ExxonMobils eighth oil project offshore Guyana will also be the biggest natural gas development of the Exxon-led consortium in the prolific Stabroek Block. Exxon and its partners in Guyanas oil projects, U.S. Hess Corp and CNOOC of China, expect to produce up to 1.5

Natural Gas

Natural Gas Oil Gas IT

Alberta government says premier in talks with potential overseas heavy oil buyer

BOE Report

MARCH 11, 2025

CALGARY – The Alberta government says Premier Danielle Smith has been in talks with a multinational oil and petrochemical player about selling two million barrels per month of province-owned heavy oil.

Government

Government Oil Barrel IT

USA Crude Oil Inventories Rise by More Than 4MM Barrels WoW

Rigzone: News

FEBRUARY 13, 2025

million barrels, U.S. crude oil inventories are about four percent below the five year average for this time of year,' the EIA said.

Crude Oil

Crude Oil Barrel Oil

Oil Gains on Truce Hopes but Closes Week Lower

Rigzone

MARCH 7, 2025

a barrel, yet oil remains down 3.9% WTI climbed 0.7% to settle at $67.04 for the week as trade and supply concerns continue.

Oil

Oil Barrel

OPEC and the oil price floor

Oilholics Synonymous Report

NOVEMBER 30, 2024

The last few weeks have brought range-bound volatility to the oil market with Brent futures oscillating between $70 and $75 per barrel. For the Oilholic, the now not-so-new Brent price floor is at $70 that OPEC appears to be protecting, although the producers' group rarely publicly comments on oil prices.

Oil

Oil Barrel IT Energy

BP looks to hire two more directors under oil-focused strategy

Oil & Gas 360º

MARCH 4, 2025

(Oil Price) –BP is looking to raise the number of its board members and hire two more directors as part of its strategy to boost oil and gas production and shareholder returns, the Financial Times reported on Tuesday, citing sources familiar with the plans. Production is also expected to grow, to 2.32.5

Oil

Oil Upstream Management Gas

Are we back to fundamentals as oil prices tank further?

Oilholics Synonymous Report

OCTOBER 15, 2024

For the second successive session this week oil prices have slid further and faster. At the time of writing this post, The Oilholic noted that Brent and WTI front month futures contracts had breached their respective $74 and $70 per barrel floors. Photo: Oil production site. The IEA's prediction is below 1 million bpd.

Oil

Oil Barrel Crude Oil Completion

USA Crude Oil Inventories Rise WoW

Rigzone

MARCH 6, 2025

Crude oil stocks, not including the SPR, stood at 433.8 million barrels on February 28, according to the EIA's latest weekly petroleum status report.

Crude Oil

Crude Oil Oil Petroleum Barrel

USA Crude Oil Inventories Drop

Rigzone: News

FEBRUARY 27, 2025

Crude oil stocks, not including the SPR, stood at 430.2 million barrels on February 21, the EIA's latest weekly petroleum status report showed.

Crude Oil

Crude Oil Oil Petroleum Barrel

African national oil companies (NOCs) partnering with independents to drive E&P

Oil & Gas 360º

MARCH 10, 2025

(World Oil) – Africas national oil companies (NOC) are moving beyond operating as state-representatives by transforming themselves into competitive upstream players. Boosting production Major oil producers in Africa are striving to boost production and NOC-IOC collaboration is at the forefront.

E&P

E&P Oil Exploration and Production Basin

Energy Market Assessment: Restoring upward mobility of the masses will have a profitable oil & gas drilling boom

Oil & Gas 360º

MARCH 11, 2025

(Oil & Gas 360) – Switching Back To An Employer-Driven Economy (From Ruler-Driven) Restoring Upward Mobility Of The Masses Will Have A Profitable Oil & Gas Drilling Boom. crude oil supply growth smaller than what it has been/ what is expected fuels our bullish oil outlook. mmbd four years ago (green line).

Oil

Oil Natural Gas Gas BCF