US Crude Oil Storage Demand Surges as Traders Brace for OPEC+ Price War
Wedoany.com Report-May 23, U.S. crude oil storage demand has increased significantly in recent weeks, reaching levels not seen since the COVID-19 pandemic, according to data from storage broker The Ta...
Phillips 66’s Los Angeles Refinery Layoffs to Begin in December, Sources Say
Wedoany.com Report-May 23, Phillips 66 is expected to begin workforce reductions at its Los Angeles-area refinery in December, according to sources familiar with the matter. The refinery, which has a ...
U.S. Says There Are Significant Undiscovered Oil and Gas Resources in Wyoming
Wedoany.com Report-May 22, On May 21, 2025, the U.S. Interior Department announced a federal assessment by the U.S. Geological Survey (USGS) identifying substantial undiscovered, technically recoverab...
Two ‘Strategic’ Oil & Gas Fields Come Online Offshore Indonesia
Wedoany.com Report-May 22, Medco E&P Natuna, a subsidiary of PT Medco Energi Internasional, has started production at the Forel and Terubuk oil and gas fields in the South Natuna Sea Block B, off Indo...
South Africa Wants $100 a Barrel Oil Before Selling More Crude Stocks
Wedoany.com Report-May 22, South Africa will hold off on selling more of its strategic crude oil reserves until global oil prices climb to about $100 per barrel, a senior energy official told Reuters,...
US Crude, Fuel Stocks up as Crude Imports Rise, Product Demand Slips, EIA Says
Wedoany.com Report-May 22, The U.S. Energy Information Administration (EIA) announced on Wednesday that U.S. crude oil and fuel inventories rose unexpectedly last week, driven by higher crude imports ...
With Output Hikes, OPEC+ Again Targets US Shale Oil
Wedoany.com Report-May 21, OPEC+, comprising member countries and non-member producers like Russia, has announced plans to increase oil production, aiming to reclaim market share from U.S. shale produ...
India Plans to Spend $10B on Homebuilt Oil Tanker Fleet
Wedoany.com Report-May 21, India plans to invest 850 billion rupees (approximately $10 billion) through 2040 to acquire 112 crude oil carriers, according to sources familiar with the matter. This init...
New Oil Discovery Springs up in Norwegian Waters
Wedoany.com Report-May 21, Aker BP, a Norwegian oil and gas company, has announced a new oil discovery in the Norwegian Sea, approximately 6 kilometers southwest of the Skarv field’s floating pr...
China’s Crude Oil Imports From Russia Fall in April; Imports From Malaysia Surge
Wedoany.com Report-May 19, In April, China imported 8.07 million metric tons of crude oil from Russia, equivalent to 1.96 million barrels per day (bpd), according to data released by Chinese customs o...