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.
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.
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.
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.
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.
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.
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.
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.
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.
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.