Learn more about Hart Energy Conferences
Get our latest conference schedules, updates and insights straight to your inbox.
Crude oil stored in the U.S. Strategic Petroleum Reserve (SPR) fell by 1.58 million barrels last week to its lowest level since in nearly 40 years, data from the Department of Energy showed, on a mandated sale of oil from the emergency stash.
Stocks in the SPR fell to 368 million barrels in the week to April 14, its lowest level since October 1983, based on DOE and Energy Information Administration data.
The Biden administration this year has sold 26 MMbbl of crude from the reserve through release mandated by Congress in previous years.
Recommended Reading
SM Energy Increases Quarterly Cash Dividend
2024-01-01 - SM Energy’s $0.18 per share dividend will be payable on Feb. 5, 2024, to stockholders on record by Jan. 19, 2024.
Williams Prices $2.1 Billion Senior Notes
2024-01-03 - Williams intends to use the net proceeds of the offering for corporate purposes including repayment of near- term debt maturities.
Enterprise Declares Quarterly Cash Distribution
2024-01-08 - Enterprise Products Partners’ distribution will be paid Feb. 14 to common unitholders of record by Jan. 31.
TurningPoint Energy Names Naini as President
2024-01-09 - Salar Naini, who previously served as executive vice president of business development for TurningPoint, will lead the company’s daily business operations.
Energy, Freight Analytics Firm Vortexa Raises $34 Million
2024-01-08 - The investment brings the total amount raised by Vortexa since its inception to more than $60 million.