Storage

Exploration & Production , Crude Oil , Storage

US Oil Production Decline in 2020 to Be Steeper Than Previously Expected

"Initial data show the global oil market rebalancing faster than EIA previously forecast," EIA Administrator Linda Capuano said in a statement.

June 9, 2020

Imports , Tankers , Storage

COLUMN: US Crude Stocks Swell as Saudi Tankers Unload

If the increase is a one-off, it won’t affect a market that is quickly rebalancing.

May 29, 2020

Crude Oil , International , Storage

Oil Minister: India Looks to Store Cheap Oil in US

India’s plan is similar to Australia’s.

May 26, 2020

Crude Oil , Storage

OPINION: US Oil Stocks Stabilize as Industry Adapts to Shock

Excess crude inventories are easing, with refined fuel stocks taking longer as consumption lags.

May 22, 2020

Crude Oil , Trade , Storage

US to Buy Up to 1 Million Barrels of Oil for Emergency Reserves

In late April, the Energy Department said nine companies including Chevron and Exxon Mobil had agreed to rent space to store 23 million barrels of crude.

May 14, 2020

Petrochemicals , Crude Oil , Storage

US Crude Oil Stockpiles Unexpectedly Drop for First Time Since January

Stocks in Cushing fell by 3 million barrels in the last week, the EIA said. The hub, coming into this week's data, is more than 80% full, as producers find themselves with fewer places to store oil.

May 13, 2020

Petrochemicals , Crude Oil , Shale Plays , Storage

Falling Diesel Use Makes US Oil Industry ‘Like the Snake Biting Its Own Tail’

William Thomas, CEO at EOG Resources Inc., said May 8 on an investor call that the "historic and prolific oil production growth by U.S. shale may have been forever altered."

May 8, 2020

Storage

Shell Midstream Offers Mars Sour Crude Storage

Offshore producers keep pumping as heavier crude outperforms light in the market.

May 8, 2020

Logistics , Water Management , Storage

Mobile Storage Option Provides Temporary Relief for Oil Producers

Select Energy Services helps ease pressure on market storage limitations for oil producers with modified above-ground storage tanks historically used for water storage.

May 5, 2020

Crude Oil , Storage , Pipelines

Enbridge Makes Deal to Store Canadian Crude in Mainline as Oil Glut Grows

Mainline pipeline moves about 3 MMbbl/d of western Canadian oil.

May 5, 2020