Monday, April 27, 2026
Texas oil pipelines face dry months as production languishes- oil and gas 360

Texas oil pipelines face dry months as production languishes

Reuters NEW YORK -Nearly half of all oil pipelines from the Permian basin, the biggest U.S. oilfield, are expected to be empty by the end of the year, analysts and executives said. Pipeline companies went on a construction spree throughout 2018 and 2019 to handle blistering growth in U.S. crude production to a record 13 million barrels per day (bpd).

OPEC raises 2021 oil demand growth forecast on hope pandemic wanes- oil and gas 360

OPEC raises 2021 oil demand growth forecast on hope pandemic wanes

Reuters LONDON -OPEC on Tuesday raised its forecast for growth in world oil demand this year on expectations the pandemic will subside, providing help for the group and its allies in their efforts to support the market. Demand will rise by 5.95 million barrels per day (bpd) in 2021, or 6.6%, the Organization of the Petroleum Exporting Countries forecast in

Oil prices rise after robust China data, Middle East tension- ol and gas 360

Oil prices rise after robust China data, Middle East tension

Reuters LONDON – Oil prices rose on Tuesday after strong Chinese import data, while Middle East tensions gave only a limited boost given no crude supply has been disrupted so far. Brent crude oil futures were up 67 cents, or 1%, at $63.95 a barrel by 1221 GMT, while U.S. crude oil futures gained 61 cents, or 1%, to $60.31