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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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