Port of Corpus Christi Closes as Tropical Storm Beryl Approaches

Port closures could temporarily halt crude oil exports, shipments of crude oil to refineries and motor fuels from those plants.

Oil Prices Up Slightly as US Crude Oil Inventories Fall

The U.S. Energy Information Administration reported a 12.2 million draw in the country's crude oil barrels in storage last week.

MOGAS Wins Multimillion Contract for Aramco-backed S-Oil

MOGAS said the contract is part of S-Oil backer Aramco's largest investment in South Korea.

The OGInterview: BPX E-fracs Push ‘Values Up, Emissions Down,’ CEO Says

BPX Energy CEO Kyle Koontz discusses the company’s role as the “nimble entrepreneurial” arm of supermajor BP in the Permian Basin and Haynesville and Eagle Ford shales.

What's Affecting Oil Prices This Week? (July 1, 2024)

Stratas Advisors expects price movements in the coming week to be dampened because of economic and political uncertainty.

US Senate Committee Probes Oil Producers on Price Collusion with OPEC

The producers the committee is probing include Exxon Mobil, Chevron, ConocoPhillips and 14 others.

Trafigura, Gunvor Demand Sparks Jump in Brent Oil Benchmark

Trafigura has bought seven cargoes since June 21 and Gunvor bought Forties and WTI cargoes on June 24. 

US Energy Production Hits All-time High, Far Outpacing Consumption -EIA

The Permian Basin’s natural gas growth leads to record surge in U.S. energy supplies.

Mexico’s Zama Drama Eases, but Not Over for Talos, Other IOCs

Houston-based Talos Energy and its Block 7 consortium partners could make FID on the Zama field development sometime in the next year. But despite the importance placed on the project to secure energy security for Mexico, the consortium continues to run into headwinds.

Martin Midstream Says Pipeline Oil Spill Recovery Efforts Underway

Martin Midstream says it lost approximately 2,000 bbl of crude from its transfer line, which connects the company’s Sandyland Terminal to the Smackover Refinery in Union County, Arkansas.