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US Crude, Fuel Stockpiles Rise as Oil Production Returns

2021-09-29 22:05:00| OGI

The rebound came as U.S. crude oil output jumped by 500,000 bbl/d to 11.1 million bbl/d, a level consistent with activity before Hurricane Ida slammed into the U.S. Gulf Coast about a month ago.

Tags: production returns oil rise

 

Carbon-offset Crude Trade to Take Time to Develop, Execs Say

2021-09-29 11:10:00| OGI

Producers from the U.S. to Europe and Australia have sold so-called 100% carbon-neutral crude and condensate using carbon credit offsets earlier this year in preparation for carbon costs to be introduced for the fossil fuel.

Tags: time trade develop crude

 
 

US Crude Oil Stockpiles Fall to Lowest in Three Years

2021-09-22 22:35:00| OGI

Crude oil inventories in the U.S. now sit at their lowest levels since October 2018, and that tightness, along with strong demand, has helped drive oil prices higher.

Tags: years fall lowest oil

 

US Crude Stocks at Oklahomas Cushing Hub Down by over 40%

2021-09-21 22:00:00| OGI

Crude oil inventories at Cushinghome to a chunk of U.S. commercial tank and underground crude oil working storage capacityare now 26% lower than normal, based on the EIAs previous five-year average.

Tags: over stocks hub crude

 

US Gulf Crude Oil Ramps Up after Hurricane Losses

2021-09-17 15:22:36| OGI

U.S.�Gulf�Coast�crude�oil�exports are flowing again�after�recent�hurricanes took out 26 million barrels of offshore production with local prices easing as more shipments moved out of the region.

Tags: oil losses gulf hurricane

 

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