Crude Oil

South America Oil Output Seen Reaching Close to 10Mb/d by 2033

Rystad's projection does not include potential additional volumes from new discoveries such as the Equatorial Margin in Brazil.

Oil Prices Hit Multi-Week Highs Amid US-China Trade Talks

The data also showed that China's crude oil imports declined in May to the lowest daily rate in four months as state-owned and independent refiners began planned maintenance.

EIA Predicts Stable Oil and Natural Gas Output from Gulf of America

The predicted production would account for around 13% of U.S. crude oil production and 1% of U.S. marketed natural gas production in 2025 and 2026.

Dangote Refinery Sustains US Crude Purchase With 5M Barrels

Final totals for the month could change should the refinery make more purchases, according to Reuters.

Oil Prices Hold Gains Ahead of US-China Trade Talks

Brent crude futures were flat at $66.47 a barrel at 0008 GMT. U.S. West Texas Intermediate crude was trading up 1 cent at $64.59.

U.S. Crude Oil Inventories Declined in End-May

Meanwhile, the crude oil in SPR increased marginally from 401.3 million barrels to 401.8 million barrels week-on-week.

Irving Oil Invests $100 Million in Saint John Refinery Upgrade

The FCCU upgrade project will bring in approximately 675 skilled workers primarily from New Brunswick, the company said.

Iraq Holds Kurdish Government Legally Responsible for Continued Oil Smuggling

Control over oil and gas has long been a source of tension between Baghdad and Erbil.

IEA Foresees Dip in Upstream Oil Investment in 2025

Earlier, the agency had predicted that upstream oil and gas spending would be flat in 2025.

US Crude Stockpiles Fall, Fuel Builds as Refiners Hike Output, EIA Says

The lower demand number raised some concerns.

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Crude Oil Prices

Alabama Heavy Asphaltic Sour		48.24
Alabama Light Sour		53.60
Alabama Light Sour Womack Hill Type		55.28
Alabama Light Sweet		58.60
Alabama/ Florida Panhandle		64.72

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