The American Petroleum Institute (API) reported a build this week for crude oil of 3.645 million barrels, while analysts predicted a draw of 733,000 barrels. The build comes as the Department of Energy released 7.5 million barrels from the Strategic Petroleum Reserves in the week ending September 2, leaving the SPR with just 442.5 million

Norway will continue to produce natural gas at the current high levels for the remainder of the decade, Norway’s energy minister said on Tuesday. To maintain that high level of natural gas production, the country has approved applications from operators to increase production from several gas fields, energy minister Terje Aasland told Reuters in an

US shale oil drillers continue to show little sign of responding to high global prices with more production, only now it’s not just their focus on rewarding shareholders that’s holding them back, but also a preoccupation with soaring costs. The combined oil and gas production forecasts from a dozen companies that have reported second-quarter results

Nanjing Shunxiang is a manufacturing enterprise specializing in the R & D, production, marketing and information of pharmaceutical chemical intermediates.The main products are Di tert butyl dicarbonate (Diboc) (CAS NO.:24424-99-5),Diisopropyl azodicarboxylate(DIAD), Pyridine sulfur trioxide, Pyridinium tribromide, Pyridine hydrochloride, and Pyridinium 4-toluenesulfonate.   As one of the leading enterprises in the production of Di tert butyl dicarbonate,the

Almost two-thirds or 163 gigawatts (GW) of new renewable power capacity added last year had lower costs than the cheapest coal-fired power plants in G20 countries, a report by the International Renewable Energy Agency (IRENA) showed. Last year, the cost of electricity from onshore wind fell by 15%, offshore wind fell by 13% and solar

U.S. crude-oil stockpiles are expected to have decreased from the previous week in data due Thursday from the Energy Department, according to a survey of analysts and traders by The Wall Street Journal. Estimates from nine analysts and traders showed U.S. oil inventories are projected to have declined by 1.2 million barrels for the week

Exports of crude oil from the U.S. Gulf Coast could hit a record 3.3 million barrels per day (MMbbl/d) this quarter, analysts said on Monday, as Europe chases U.S. crude to offset sanctioned oil. U.S. exports have risen in the last three months, helped by Washington’s decision to release 180 million barrels of oil from

$150 oil could still happen, BofA Global Research indicated in a new report sent to Rigzone this week. In the report, BofA Global Research outlined that it sees Brent averaging $102 per barrel this year and in 2023 and highlighted that a potential spike to $150 per barrel could happen if European sanctions push oil

Oil Majors Are Lining Up For The Next Great South American Oil Boom The Guyana-Suriname oil basin may hold much larger reserves than anticipated. Suriname is looking to replicate Guyana’s oil boom through 2030. Low projected breakeven prices and discoveries of light to medium sulfur crude makes Suriname an attractive location for oil majors. The

High LNG exports and warmer weather are the driving forces behind the rally in U.S. natural gas. U.S. natural gas prices have surged by more than 130% since the beginning of the year. The price is currently 3.3 times above the five-year average. U.S. benchmark natural gas prices jumped to above $9 per million British