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Crude Stockpiles Rise, But Gasoline and Distillates See Big Draws

OilPrice

Crude oil inventories in the United States saw an increase of 1.4 Energy Information Administration released on Wednesday. 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

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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 oil output remains a key driver of the global energy market. crude oil production will almost. million barrels per day. million BPD.

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The Tiber Prospect Well: BP Makes Giant Oil Discovery Deep in the Gulf

The Energy Law

By Kerry Murphy On Wednesday September 2, BP drilled the world’s deepest oil well – the Tiber Prospect Well – and discovered a huge pool of crude oil. For more information on the Tiber well, see [link] The Tiber well is located in the western Gulf of Mexico, southwest of New Orleans in U.S.

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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. Brent crude fell 20 cents to $74.23 crude oil inventories increase by 4.6 crude oil inventories rose by 4.6

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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 Energy Information Administration (EIA). Adding to the intrigue, oil held in the Strategic Petroleum Reserve (SPR) rose by 1.4 Adding to the intrigue, oil held in the Strategic Petroleum Reserve (SPR) rose by 1.4 million barrels.

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How the Oil & Gas Industry is Helping Reduce Emissions

Energy Transfer

According to just-released data from the Environmental Protection Agency, methane emissions across all major oil and gas basins in the U.S. This has occurred even as our country continues to produce more crude oil than any other nation ever has. have fallen 44 percent since 2011. Also of note are advancements U.S.

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

The Energy Law

A tug owned by Marquette collided with an oil-carrying barge owned by Settoon as the Marquette tug attempted to overtake the Settoon flotilla. As a result of the collision, approximately 750 barrels of light crude oil discharged into the river. Following the spill, the U.S.

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