Tuesday, March 11, 2025
Pemex tax payment deferred as state oil firm struggles with $100-billion debt

Pemex tax payment deferred as state oil firm struggles with $100-billion debt

Oil Price Mexico has allowed Pemex to defer its June monthly tax payments to July 31 as the government continues to support its state oil giant that has been reeling under $100 billion in debts for years. Petroleos Mexicanos, as Pemex is officially known, has been granted a government deferral of the so-called DUC levy for May, due in June,

Texas regulator calls on Biden administration to restart LNG exports to support Ukraine- oil and gas 360

Texas regulator calls on Biden administration to restart LNG exports to support Ukraine

World Oil (WO) – Following recent reports that the Biden Administration’s federal moratorium on new liquified natural gas (LNG) export plants is prohibiting Ukraine from purchasing American LNG, Railroad Commissioner Wayne Christian slammed the administration’s policy and called on the president to rescind the ban. “This politically motivated ban is doing more than simply costing America economic activity— it’s jeopardizing

U.S. crude imports touch two-year high despite lukewarm demand- oil and gas 360

U.S. crude imports touch two-year high despite lukewarm demand

Yahoo Finance HOUSTON – U.S. crude oil imports last month rose to a nearly two-year high as refiners scooped up heavy crudes from Canada and Latin America to process into fuels for summer driving season. Imports of crude oil rose to 3.1 million barrels per day (bpd) in May, the highest since July 2022, data from ship tracking service Kpler

U.S. crude oil inventories increase by 0.5 million barrels- oil and gas 360

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

Weekly Crude Oil Storage as of June 21, 2024 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 3.6 million barrels from the previous week.  At 460.7 million barrels, U.S. crude oil inventories are 4% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data,