Distillate fuel inventories grew by 3.1 million barrels. Crude oil imports declined by 304,000 bpd, averaging 6.1 million bpd. Over the past four weeks, crude oil imports averaged 6.5 million bpd.

U.S. benchmark West Texas Intermediate (WTI) crude oil prices topped $80 per barrel on Jan. 15 after closing out 2024 closer to $70 per barrel. Geopolitical policy is driving higher prices.

Kuwait’s oil production capacity now exceeds 3 million barrels per day (bpd), Kuwait Petroleum Corporation (KPC) CEO Sheikh Nawaf Saud al-Sabah said on Tuesday. The country’s oil production ...

Guyana’s oil production is on track for one million barrels per day by 2027. Further, gas resources will be utilised as planned, by the Gas-to-Energy (GtE) project in Wales with government ...

Oil ends lower, with U.S. prices failing to hold above $80 a barrel Israel-Hamas cease-fire deal hits a snag Last Updated: Jan. 16, 2025 at 4:37 p.m. ET First Published: Jan. 16, 2025 at 7:06 a.m. ET ...

And they know that if the Trump White ... oil production is down only 8 percent from the month before Putin invaded his neighbor. In January 2022, Russia produced about 10 million barrels per ...

Indian Oil Corp (IOC), the country's top refiner, has bought 7 million barrels of spot Middle Eastern and African crude oil via tenders, including a rare purchase of Abu Dhabi's Murban, as US ...

Indian Oil Corp buys 7 million barrels of Middle East, African oil IOC earlier this week floated tenders seeking sour and sweet crude for loading between the second half of February and the first ...

SINGAPORE/NEW DELHI, Jan 17 (Reuters) - Indian Oil Corp (IOC) (IOC.NS), opens new tab, the country's top refiner, has bought 7 million barrels of spot Middle Eastern and African crude oil via ...

In addition to the rare Murban cargo, which totaled 2 million barrels, Indian Oil Corp. also bought 3 million barrels of Nigerian crude, a million barrels of Gabonese crude, and a cargo of Angolan ...

U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR) decreased by 2.0 million barrels from the week ending January 3 to the week ending January 10 ...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the 2025 budget is predicated on 2.062 million barrels of crude oil production at 75 dollars per barrel. The NUPRC said Nigeria ...