Crude Oil

Crude Oil , Policy & Regulations , Storage

DOE Approves Release of Crude Oil from Strategic Reserves to Shell

Combined, the U.S. Energy Department has provided about 8 million barrels of crude oil from the Strategic Petroleum Reserve to boost the nation’s fuel supply.

January 12, 2022

Crude Oil , Storage

US Crude Oil Stockpiles Fall to 2018 Lows: Report

The crude oil drawdowns came even as refiners cut activity, with runs down by 294,000 bbl/d and utilization rates falling 1.4 percentage points in the week.

January 12, 2022

Liquefied Natural Gas (LNG) , Natural Gas , Crude Oil

US Natgas Futures Hold near Five-Week High as Northeast Freezes

Data provider Refinitiv said output in the U.S. Lower 48 states has averaged 94.6 Bcf/d so far in January, down from a record 97.6 Bcf/d in December.

January 11, 2022

Crude Oil

What’s Affecting Oil Prices This Week? (Jan. 10, 2022)

Here are the range of factors affecting oil prices this week including a slew of geopolitical issues involving Russia as the country is in the midst of a standoff with the West over a Russian troop buildup near neighboring Ukraine.

January 10, 2022

Exploration & Production , Crude Oil

CNOOC's Bohai Overtakes Daqing as China's Largest Oil Field

In the past two decades, CNOOC has sharpened its exploration and development know-how and has made several major discoveries in the Bohai cluster fields.

January 10, 2022

Crude Oil

Oil Price Structures Show Firm Demand, Depleting Inventories

The spread of Brent for March delivery versus September delivery was $3.81 on Jan. 10, compared to almost $1.50 in mid-December.

January 10, 2022

Exploration & Production , Crude Oil

Output at Major Kazakhstan Oil Field Being Restored, Chevron Says

“TCO is safely and gradually increasing production to reach normal rates,” said Chevron, the largest foreign oil producer in Kazakhstan with a 50% stake in the Tengizchevroil joint venture.

January 10, 2022

Exploration & Production , Crude Oil

Key Kazakhstan Oil Field Hit by Protests

Kazakhstan is a major oil producer with output of about 1.6 million bbl/d in recent months, and has rarely seen production disrupted by unrest or natural disaster.

January 6, 2022

Crude Oil , Policy & Regulations

Saudi Arabia Cuts February Crude Prices to Asia to Three-month Low

February's official selling price to Asia for the Arab light grade is the lowest in three months.

January 6, 2022

Crude Oil , Pipelines

TC Energy’s Keystone Pipeline Resumes Operations After Unplanned Maintenance

TC Energy said the unplanned maintenance on the Keystone oil pipeline began on Jan. 4 as parts of western Canada grappled with frigid winter weather. TC’s Gulf Coast operations in the U.S. were uninterrupted.

January 6, 2022