Venezuela’s oil exports stable as buyers in China receive more
(BOE Report) – Venezuela’s oil exports remained almost unchanged last month as increased shipments to customers in China offset a decline in U.S.-authorized sales, according to vessel-tracking data and internal documents from state company
Venezuela’s oil exports stable as buyers in China receive more
(BOE Report) – Venezuela’s oil exports remained almost unchanged last month as increased shipments to customers in China offset a decline in U.S.-authorized sales, according to vessel-tracking data and internal documents from state company PDVSA. The U.S. Treasury and State
Oil prices climb 2% to 2-week high on geopolitical tension concerns
(Investing) – NEW YORK -Oil prices climbed about 2% on Tuesday to a
bp appoints former U.S. shale boss to board as part of strategy shift
(World Oil) – bp Plc appointed oil industry veteran Dave Hager to
Trump administration proposal would lift Biden-era limits on Alaska oil drilling
(Investing) – The administration of U.S. President Donald Trump on Monday proposed rolling
Oil prices climb 2% to 2-week high on geopolitical tension concerns
(Investing) – NEW YORK -Oil prices climbed about 2% on Tuesday to a two-week high, as persistent geopolitical tensions between Russia and Ukraine and the U.S. and Iran looked set to keep sanctions on both Russia and Iran in place for
bp appoints former U.S. shale boss to board as part of strategy shift
(World Oil) – bp Plc appointed oil industry veteran Dave Hager to the board, bolstering its efforts to refocus on fossil fuels and keep investors on side. Hager has been in the sector for more than 40 years, recently leading
Trump administration proposal would lift Biden-era limits on Alaska oil drilling
(Investing) – The administration of U.S. President Donald Trump on Monday proposed rolling back Biden-era limits on oil and gas drilling in an Alaska area that is the nation’s largest tract of undisturbed public land. The move is consistent with Trump’s
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Weekly Inventories
U.S. crude oil inventories increase by 1.3 million barrels
Weekly Crude Oil Storage as of May 16, 2025 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.3 million barrels from the previous week. At 443.2 million barrels, U.S. crude oil inventories are 6%
Weekly Gas Storage: Inventories increase by 101 Bcf
Natural Gas Inventories as of May 23, 2025 The EIA has released its natural gas inventory report, showing a net increase of 101 Bcf as of May 23, 2025. Working gas in storage was 2,476 Bcf as of Friday, May
U.S. rig count decreased by 3 is at 563
This week’s Baker Hughes Rig Count shows that the U.S. decreased by 3 over last week, resulting in a total count of 563 rigs. Canada had a decrease of 2 over last week, resulting in a total Canadian count of
