Oil Price Tankers carrying nearly 9 million barrels of oil from Saudi Arabia and Iraq will delay their deliveries as they have diverted away from the Red Sea/Suez Canal route in recent days, and are now headed on the longer route via Africa, Bloomberg vessel-tracking data showed on Friday. The tankers loaded crude oil and petroleum products at Saudi Arabia’s ports of
World Oil (Bloomberg) — U.S. shale drillers are incurring record labor and equipment costs so they can cash in on the highest oil prices in 14 years. They say one of the reasons they’re not doing more is because of President Joe Biden’s perceived hostility to the traditional energy industry. Even as the Biden administration urges oil companies to boost
Compiled by, Oil & Gas 360 Weekly Crude Oil Storage as of September 6, 2019 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 6.9 million barrels from the previous week. At 416.1 million barrels, U.S. crude oil inventories are about 2% below the five year average for this time of year, according to the
Compiled by, Oil & Gas 360 Weekly Crude Oil Storage as of August 30, 2019 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 4.7 million barrels from the previous week. At 422.9 million barrels, U.S. crude oil inventories are at the five year average for this time of year, according to the EIA crude
Compiled by Tyler Losier, Energy Reporter, Oil & Gas 360 Weekly Crude Oil Storage as of August 23, 2019 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 10.0 million barrels from the previous week. At 427.8 million barrels, U.S. crude oil inventories are at the five year average for this time of year, according
Compiled by Tyler Losier, Energy Reporter, Oil & Gas 360 Weekly Crude Oil Storage as of August 16, 2019 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 2.7 million barrels from the previous week. At 437.8 million barrels, U.S. crude oil inventories are about 2% above the five year average for this time of
Compiled by Tyler Losier, Energy Reporter, Oil & Gas 360 Weekly Crude Oil Storage as of August 9, 2019 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.6 million barrels from the previous week. At 440.5 million barrels, U.S. crude oil inventories are about 3% above the five year average for this time of
Compiled by Tyler Losier, Energy Reporter, Oil & Gas 360 Weekly Crude Oil Storage as of August 2, 2019 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 2.4 million barrels from the previous week. At 438.9 million barrels, U.S. crude oil inventories are about 2% above the five year average for this time of
Compiled by Tyler Losier, Energy Reporter, Oil & Gas 360 Weekly Crude Oil Storage as of July 26, 2019 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 8.5 million barrels from the previous week. At 436.5 million barrels, U.S. crude oil inventories are at the five year average for this time of year, according
Compiled by Tyler Losier, Energy Reporter, Oil & Gas 360 Weekly Crude Oil Storage as of July 19, 2019 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 10.8 million barrels from the previous week. At 445.0 million barrels, U.S. crude oil inventories are about 2% above the five year average for this time of
Compiled by Tyler Losier, Energy Reporter, Oil & Gas 360 Weekly Crude Oil Storage as of July 12, 2019 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 3.1 million barrels from the previous week. At 455.9 million barrels, U.S. crude oil inventories are about 4% above the five year average for this time of
Compiled by Tyler Losier, Energy Reporter, Oil & Gas 360 Weekly Crude Oil Storage as of July 5, 2019 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 9.5 million barrels from the previous week. At 459.0 million barrels, U.S. crude oil inventories are about 4% above the five year average for this time of
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