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A service for energy industry professionals · Wednesday, February 19, 2025 · 787,181,722 Articles · 3+ Million Readers
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Crude Oil News Monitoring

  • Published on Feb 18, 2025

    Saudi Crude Oil Exports Dropped in December From 7-Month High

    Saudi Arabia’s crude oil exports fell in December by 60,000 barrels per day (bpd) from the seven-month high in November, the latest data from the Joint Organizations Data Initiative (JODI) showed on Tuesday. In November, Saudi crude oil exports jumped by …

    Source: Oil Price - Neutral
  • Published on Feb 18, 2025

    New Ships and Cargo Transfers Boost Russia’s Crude Oil Exports

    By Julian Lee (Bloomberg) — Russia has amassed new tankers and resorted to ship-to-ship cargo transfers to keep key oil exports flowing. But deliveries to customers remain a problem, with laden vessels forced to idle. At least five tankers new to the post- …

    Source: gCaptain - Neutral
  • Published on Feb 18, 2025

    Crude Oil Gains 1.5%; Fluor Shares Plunge Following Downbeat Earnings

    U.S. stocks traded lower toward the end of trading, with the Nasdaq Composite falling around 100 points on Tuesday. The Dow traded down 0.38% to 44,378.28 while the NASDAQ fell 0.47% to 19,932.75. The S&P 500 also fell, dropping, 0.16% to 6,105.15. …

    Source: Benzinga - Neutral
  • Published on Feb 18, 2025

    Kazakh Oil Exports Expected to Drop After Ukrainian Drones Attack Pipeline in Southern Russia

    A Ukrainian drone attack on a major oil pipeline in southern Russia could reduce export volumes by almost a third over the next two months, Russia's state pipeline operator said Tuesday. On Monday, explosive-packed drones hit a pumping station of the …

    Source: The Moscow Times - Center-left
  • Published on Feb 18, 2025

    Crude Oil: Lower US Imports Could Keep Prices Pressured For the Time Being

    The latest EIA Weekly Petroleum Status Report update reveals a significant shift in U.S. crude oil trade dynamics. Crude oil imports fell sharply by 606,000 barrels per day (bpd) last week, averaging 6.3 million bpd. Despite this weekly drop, the four-week …

    Source: Investing - Neutral
  • Published on Feb 18, 2025

    Increased Gold and Crude Oil Swings

    The growth trajectory of gold has become less straightforward. After briefly surpassing $2,940 at the start of the week, gold experienced a sharp pullback of nearly $80. However, by the week’s end, the price rebounded, signalling that while buyers remain …

    Source: South Africa Today - Right-wing
  • Published on 00:12 GMT

    State Report Shows Growing Oil Use, Lower Carbon Intensity in California

    As technology advances, industries are increasingly able to achieve more with less. Automation, data analytics, and innovative engineering solutions are driving efficiency across sectors, including one of the most scrutinized industries: oil refining.  …

    Source: California Globe - Label Pending
  • Published on Feb 18, 2025

    No love at the pumps: Oregon gas prices keep climbing, now average $3.77 a gallon; AAA has a look at why

    PORTLAND, Ore. (KTVZ) – The transition to summer fuel is beginning, and that’s pushing pump prices higher in most states, including Oregon, AAA Oregon/Idaho said Tuesday. In addition, refinery outages in California are putting even more upward pressure …

    Source: KTVZ - Oregon - Neutral
  • Published on Feb 18, 2025

    Crude oil futures rise after drone attack on Russian pumping station 

    Crude oil futures traded higher on Tuesday morning after a drone attack by Ukraine on an oil pumping station in Russia. At 9.55 am on Tuesday, April Brent oil futures were at $75.31, up by 0.12 per cent, and April crude oil futures on WTI (West Texas …

    Source: The Hindu Business Line - Neutral
  • Published on Feb 18, 2025

    Gas prices ticking up

    Mother Nature might not be just yet, but many refinery planners are turning their attention toward spring. Refineries are beginning to transition to summer fuel blends, which according to AAA East Central, often results in higher gas prices. Bradford’s …

    Source: The Bradford Era - Pennsylvania - Uncategorized
  • Published on 00:02 GMT

    India eyes Oman for oil storage option

    Muscat – India is considering Oman and other Middle Eastern countries as potential options for strategic oil storage while also expanding its reserves domestically. This move aims to accelerate India’s storage capacity expansion amid geopolitical tensions, …

    Source: Muscat Daily - Pro-Government
  • Published on Feb 18, 2025

    G7 Weighing Tightening Russian Oil Price Cap

    The Group of Seven is considering collectively tightening an oil price cap on Russian petroleum in an effort to cut Moscow’s oil revenues as the war in Ukraine rages on, Bloomberg has revealed. A draft statement seen by Bloomberg shows that these nations …

    Source: Oil Price - Neutral
  • Published on Feb 18, 2025

    US company looking to launch refined fuel deal with Guyana

    A US-based company is planning a significant investment in Guyana’s oil and gas sector, aiming to process 30,000 barrels of oil daily by year’s end. President Dr Mohamed Irfaan Ali stated that the initiative is expected to meet national demand and extend …

    Source: I News Guyana - Pro-Government
  • Published on Feb 18, 2025

    MOL Group says it is ready to produce HVO, SAF at Bratislava Refinery

    In Hungary, MOL Group said it has produced a diesel fuel containing Hydrotreated Vegetable Oil (HVO), and SAF at the refinery of Slovnaft in Bratislava, Slovakia. The successful production test confirms that MOL Group is technologically ready for the …

    Source: Biofuels Digest - Neutral
  • Published on Feb 18, 2025

    Brazil to join OPEC+, group of major oil-exporting nations (World)

    Fabiano Maisonnave, The Associated Press - Feb 18, 2025 / 1:31 pm | Story: 534004 Photo: The Canadian Press FILE - Capuava oil refinery owned by Petrobras sits in Maui, on the outskirts of Sao Paulo, Brazil, Nov. 6, 2023. (AP Photo/Andre Penner, …

    Source: Castanet Kamloops - Label Pending
  • Published on Feb 18, 2025

    Dangote details battle against ‘oil mafia’, says never loses

    The business world is dominated by those willing to take risks, and the Nigerian billionaire Aliko Dangote seems very familiar with this concept, as the Dangote refinery has had to contend with what he refers to as the “oil mafia”. Aliko Dangote considers …

    Source: The Herald (Zimbabwe) - Pro-Government
  • Published on Feb 18, 2025

    AAA: Gas Prices Slightly Higher in Western Pa.

    VENANGO CO., Pa. – Gas prices are a penny higher in Western Pennsylvania this week at $3.543 per gallon, according to AAA East Central’s Gas Price Report. This week’s average prices: Western Pennsylvania Average: $3.543 Average price during the week of Feb …

    Source: exploreVenango - Pennsylvania - Label Pending
  • Published on Feb 18, 2025

    Major proposal on the table to position Guyana as hub for refined products

    —President Ali unveils; points to significant benefits that could soon be tapped Guyana has received a proposal from Curlew Midstream a United States (US) based company for a 30,000-barrel oil refinery, advancing the country’s energy security landscape. …

    Source: Guyana Chronicle - Pro-Government
  • Published on Feb 18, 2025

    Dangote details his battle against the ‘oil mafia’ as he notes that he never loses

    Aliko Dangote recently indicated that the establishment of his oil refinery is the most significant risk he has ever taken. Despite the massive undertaking of establishing the refinery, the Nigerian billionaire has faced equally significant, or perharps …

    Source: Business Insider Africa - Neutral

06 days 03:41:37

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