OPEC’s net oil export revenue lowest since 2004 🔓

May 23, 2017 0

Members of the Organization of the Petroleum Exporting Countries (OPEC) earned about $433 billion in net oil export revenues in 2016, the lowest since 2004, according to the U.S. Department of Energy and its Energy Information Administration.

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Producers ask to join steel security investigation 🔓

May 19, 2017 0

Crude oil producers have called for their industry to receive the same national security attention from the Trump administration as steel and aluminum, Kallanish Energy sister publication Kallanish learns from the Panhandle Import Reduction Initiative (PIRI).

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U.S. crude inventories drop for 6th straight week: EIA 🔓

May 18, 2017 0

U.S. commercial crude oil inventories (excluding product in the Strategic Petroleum Reserve) dropped 1.8 million barrels (MMBbl) during the week ended May 12, compared to the previous week’s total, according to the Energy Information Administration’s weekly Petroleum Status Report (PSR).

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