(Oil & Gas 360) – Unlock the future of downstream transformation at the PRC Europe 2025 and engage with leaders through case studies and networking. The Congress is scheduled on 19-21 May in Milan, Italy to drive decarbonisation, sustainable fuels and implement energy transition strategies. One of the main topics in the agenda is feedstock transformation and refinery adaptation.
(Oil Price) – The Permian Basin has been the star of the U.S. shale oil and gas industry for years. But this star is, at least for the time being, dimming as production costs rise with the natural depletion of top-quality acreage. But there is another formation that could take up the torch from the Permian. And it’s in Canada. The Montney
(Investing) – LONDON – OPEC on Wednesday trimmed its forecast for growth in oil supply from the United States and other producers outside the wider OPEC+ group this year and said it expected lower capital spending following a decline in oil prices. Supply from countries outside the Declaration of Cooperation – the formal name for OPEC+ – will rise by about
Weekly Crude Oil Storage as of May 9, 2025 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 4.0 million barrels from the previous week. At 441.8 million barrels, U.S. crude oil inventories are 6% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data,
