Monday, September 22, 2025
U.S. resumes oil and gas auctions with major New Mexico sale- oil and gas 360

U.S. resumes oil and gas auctions with major New Mexico sale

Reuters The Trump administration will resume its oil and gas leasing program on Wednesday with a large sale of acreage in three states, ending a five-month pause due to the coronavirus pandemic and a crash in oil prices. The sale will be a key test of industry appetite for investment as crude oil prices remain below levels at which many

U.S. crude oil inventories decrease by 2.0 million barrels- oil and gas 360

U.S. crude oil inventories decrease by 4.7 million barrels

Weekly Crude Oil Storage as of August 21, 2020   U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 4.7 million barrels from the previous week. At 507.8 million barrels, U.S. crude oil inventories are about 15% above the five year average for this time of year, according to the EIA crude oil and petroleum