Crude oil prices moved lower today after the U.S. Energy Information Administration reported an inventory dip of 1 million barrels for the week to January 17. In fuels, the EIA estimated mixed changes. The change in crude inventories compared with a draw of 2 million barrels for the previous week, which also saw another round...Continue Reading

China aims to maintain crude production in 2025 little changed from 2024, with output expected to come in above 200 million tons. In 2024, China’s total oil and gas output exceeded 400 million tons of oil equivalent for the first time, the National Energy Administration (NEA) has revealed. China’s crude production clocked in at 213...Continue Reading

Indonesia Plans to Defer LNG Cargoes as Domestic Demand Grows | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jan 23, 2025, 10:30 AM CST LNG exporter Indonesia has asked its buyers to accept delays to Indonesian LNG cargo exports this year, as the Southeast Asian...Continue Reading

Salunda has integrated its Red Zone monitoring solutions on four drilling rigs in Guyana with Intellilift’s proven digital technologies to deliver automated location and control of critical equipment and personnel. SourceContinue Reading

Russian Oil Trade Faces Uncertainty as Baltic Shipments Decline | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Jan 23, 2025, 10:00 AM CST Russian oil exports from the Baltic port of Ust-Luga have significantly decreased in recent weeks. The decline coincides with...Continue Reading

Hungarian Official Calls for Debate on EU Sanctions Against Russia | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jan 23, 2025, 9:30 AM CST The European Union’s sanctions against Russia, which are due to be renewed in the coming days, shouldn’t be automatically extended, a...Continue Reading

SLB Capturi has completed commissioning and is handing over its modular carbon capture plant at Twence’s waste-to-energy facility in Hengelo, Netherlands. The new plant has the capacity to capture up to 100,000 metric tons of CO2 per year. SourceContinue Reading

Money Managers Turn Bullish on Oil | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Premium Content By Alex Kimani – Jan 23, 2025, 9:00 AM CST Money managers have increased their net long position in oil futures, signaling a more positive outlook on the...Continue Reading

Italy to Begin Gas Refilling Next Month to Avoid Price Spikes | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jan 23, 2025, 8:30 AM CST Italy, the EU’s third-largest economy and the country holding the second-biggest natural gas storage space in the bloc, plans to...Continue Reading

EU Poised to Extend Gas Storage Targets Into 2026 | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Jan 23, 2025, 7:30 AM CST The European Union is considering extending the...Continue Reading