Remove Barrel Remove Petroleum Remove Refinery
article thumbnail

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

Oil & Gas 360ยบ

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. Summary of weekly petroleum data for the week ending March 7, 2025 U.S. crude oil refinery inputs averaged 15.7 Refineries operated at 86.5%

Crude Oil 130
article thumbnail

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

Oil & Gas 360ยบ

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. Summary of weekly petroleum data for the week ending February 28, 2025 U.S. crude oil refinery inputs averaged 15.4 Refineries operated at 85.9%

Crude Oil 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Sulaymaniya Firm to Build $2bn Kirkuk Refinery

Iraq Business News: Oil & Gas

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.

article thumbnail

Iraq to Expand Maysan Refinery with New 70,000 bpd Unit

Iraq Business News: Oil & Gas

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.

article thumbnail

$800m Iraqi Refinery Expansion Project Signed

Iraq Business News: Oil & Gas

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.

article thumbnail

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

Permian Basin Oil and Gas Magazine

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.

article thumbnail

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

Rextag

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.

Oil 40