Crude Oil Inventories Continue to Fall
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by another 3.674 million barrels in the week ending September 30. This is on top…
EIA Data Shows Record U.S. Oil Output After Major Upward Revision
The U.S. Energy Information Administration just delivered a statistical shock: July’s monthly data shows U.S. total liquids output hitting a record 21.218 million barrels per day, nearly 500,000 bpd higher…
Port of Spain Wins Rubio Backing for Caracas Gas Talks
Trinidad and Tobago won support from US Secretary of State Marco Rubio to resume talks with the sanctioned government of Venezuela to develop gas projects. After meeting with Rubio, Trinidad…
OPEC Rejects Media Reports of Major Output Hike Ahead of G8 Meet
OPEC has slammed the brake on speculation, flatly rejecting media reports that the G8 is preparing to hike crude oil production by half a million barrels per day. In a…
Oil Firm Seeks Federal Help to Restart California Offshore Project
U.S. oil firm Sable Offshore Corp, which seeks to restart production offshore California via a pipeline to the coast, has unveiled an alternative offtake strategy after being sued by the…
Kuwait Says Robust Oil Demand Justifies OPEC+ Output Hikes
Global oil demand growth remains strong, underpinning the OPEC+ group’s decisions of the past months to return more supply to the market, Shaikh Nawaf Al-Sabah, chief executive of Kuwait Petroleum…
BHP Shares Tumble as China Halts Iron Ore Purchases
China Mineral Resources Group, the state-owned Chinese iron ore buyer, has told domestic steelmakers and traders not to buy or take any iron ore cargo from BHP, the world’s biggest…
Russian Crude Shipments Hit 16-Month High Despite U.S. Sanctions
The U.S. Administration’s pressure on the remaining buyers of Russian crude is not yielding the results desired by President Donald Trump. In fact, in the four weeks to September 28,…
Dutch industry coalition urges green gas status for bioLNG
A coalition of Dutch transport, shipping and green gas companies has urged the Netherlands government to allow a bio-liquefied natural gas (bioLNG) terminal route to count under the country’s Energy…
OMV to build 140MW green hydrogen plant for Austria refinery
Austrian energy and chemicals company OMV has set out plans to build a 140MW electrolysis plant at its Schwechat refinery, capable of producing 23,000 tonnes of green hydrogen annually. The…
