Monday, July 13, 2026
FOCUS-BP ventures back into oil frontiers to boost output- oil and gas 360

FOCUS-BP ventures back into oil frontiers to boost output

Nasdaq LONDON – BP BP.L is ramping up oil exploration and drilling activity in frontier prospects as the energy giant tries to stem a decline in its oil and gas output after years of focusing on a shift to renewables to cut carbon emissions. The move comes as companies try to balance pressure to slash climate-warming pollution against a desire to

Tesla launches construction of lithium refinery in Texas- oil and gas 360

Tesla launches construction of lithium refinery in Texas

Oil Price Tesla this week broke ground on a lithium refinery in Texas in the company’s latest move aimed at ensuring a sufficient supply of critical materials for the manufacturing of its cars.   It is also part of a plan to expand Tesla’s presence across the EV supply chain, Reuters noted in a report on the news. The refinery should be

U.S. crude oil inventories decrease by 6.1 million barrels- oil and gas 360

U.S. crude oil inventories increase by 3.0 million barrels

Weekly Crude Oil Storage as of May 5, 2023     U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 3.0 million barrels from the previous week.  At 462.6 million barrels, U.S. crude oil inventories are about 1% below the five year average for this time of year, according to the EIA crude oil and