Thursday, August 21, 2025
US resumes imports of Venezuelan oil under new license to Chevron- oil and gas 360

US resumes imports of Venezuelan oil under new license to Chevron

(BOE Report) – Two tankers chartered by Chevron carrying Venezuelan crude reached U.S. waters on Thursday, marking the first U.S. imports of the South American country’s oil following a new license granted by Washington, vessel tracking data showed. The U.S. Treasury Department

ConocoPhillips signs 20-year LNG purchase agreement with Sempra- oil and gas 360

ConocoPhillips signs 20-year LNG purchase agreement with Sempra

(World Oil) – ConocoPhillips has signed a long-term sales and purchase agreement (SPA) to purchase 4 million tonnes per annum (MMtpa) of liquefied natural gas (LNG) from the Port Arthur LNG Phase 2 project under development by Sempra Infrastructure. Under

Charting the projected US power capacity mix through 2035: Maguire- oil and gas 360

Charting the projected US power capacity mix through 2035: Maguire

(BOE Report)– U.S. power generation capacity is evolving at the fastest pace in decades, as utilities scramble to ensure that supplies keep up with rapidly growing electricity demand from data centers, AI applications, businesses, homes and electric vehicles. To help

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Weekly Inventories

U.S. crude oil inventories increase by 3 million barrels

Weekly Crude Oil Storage as of August 8, 2025 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 3 million barrels from the previous week.  At 426.7 million barrels, U.S. crude oil inventories are 6%

Weekly Gas Storage: Inventories increase by 13 Bcf

Natural Gas Inventories as of August 15, 2025 The EIA has released its natural gas inventory report, showing a net increase of 13 Bcf as of August 15, 2025. Working gas in storage was 3,199 Bcf as of Friday, August

U.S. rig count had no change is at 539

This week’s Baker Hughes Rig Count shows that the U.S. had no change over last week, resulting in a total count of 539 rigs. Canada had an increase of 3 over last week, resulting in a total Canadian count of