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The American Petroleum Institute (API) on Tuesday reported a surprise build in crude oil inventories of 4.127 million barrels for the week ending September 24.

Expansion of BP's Thunder Horse South expected to initially add production of 25,000 barrels of oil equivalent per day #oilandgasnews  #BP  #offshoreoilandgas  #gulfofmexico 

U.S. crude supply rose 4.1M barrels last week, API says via SeekingAlpha #news  #SeekingAlpha 

Global oil demand is expected to continue to grow into the mid-2030s to 108 million barrels per day (bpd), after which it is set to plateau until 2045, OPEC said in its 2021 World Oil Outlook (WOO) on Tuesday.

The Organization of the Petroleum Exporting Countries sees oil use rising to 101.6 million barrels per day in 2023, adding to robust growth already predicted for 2021 and 2022.

As oil prices rise again, a trader shares how he made money amid the pandemic - barrels rise above $80 #oilprice  #trading 

📜 On This Day... 27 September, 2001: Opec decides to keep its production quotas unchanged at 23.2 million barrels per day, despite crude oil being at its lowest price levels since 1999 | #OnThisDay  #energyhistory  Latest #ArgusMedia  news:

This week has started with the recovery rally in risk assets stalled and the Dollar looking down multiple barrels of fundamental threat in monetary policy and debt politics. $EURUSD is well positioned as indicator 1.1650-1.1750

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📜 On This Day... 27 September, 2001: Opec decides to keep its production quotas unchanged at 23.2 million barrels per day, despite crude oil being at its lowest price levels since 1999 | #OnThisDay  #energyhistory  Latest #ArgusMedia  news:

📜 On This Day... 27 September, 2001: Opec decides to keep its production quotas unchanged at 23.2 million barrels per day, despite crude oil being at its lowest price levels since 1999 | #OnThisDay  #energyhistory  Latest #ArgusMedia  news:

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Decades ago, the Los Angeles coast was a hidden dumping ground for thousands of barrels of acid sludge laced with the toxic pesticide DDT. The ocean buried the evidence for generations. No one could see it — until now.

JUST IN: The US will add 75 million barrels of oil to its strategic reserve

Just spoke to my friend MBS (Crown Prince) of Saudi Arabia, who spoke with President Putin of Russia, & I expect & hope that they will be cutting back approximately 10 Million Barrels, and maybe substantially more which, if it happens, will be GREAT for the oil & gas industry!

Typhoon #RollyPH , 2020's strongest tropical cyclone, barrels closer to Bicol

Having been involved in the negotiations, to put it mildly, the number that OPEC+ is looking to cut is 20 Million Barrels a day, not the 10 Million that is generally being reported. If anything near this happens, and the World gets back to business from the Covid 19.....

20 tankers—filled w/ 40mm barrels of Saudi oil—are headed to the US. This is SEVEN TIMES the typical monthly flow. At the same time, oil futures are plummeting & millions of US jobs in jeopardy. My message to the Saudis: TURN THE TANKERS THE HELL AROUND.

.....Could be as high as 15 Million Barrels. Good (GREAT) news for everyone!

Based on the record-low price of oil, the United States will be adding as much as 75 million barrels to our strategic reserves.

BREAKING: Saudi Aramco to increase oil production by one million barrels a day

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