Tags

EIA: US Crude Oil Inventories Climb 6.2 Million Barrels

Oil & Gas‚ Oil and Gas Industry | intent | April 3, 2025 | Comment off

Crude oil prices were trading up prior to the crude data release by the U.S. Energy Information Administration after the American Petroleum Institute (API) reported on Tuesday a build of 6.037 million barrels in U.S. crude oil inventories amid a small gasoline draw. The Brent benchmark was trading up 0.01% at 10:28 a.m. ET at $74.50—a roughly $1 per barrel increase over this same time last week. The WTI benchmark, meanwhile, was trading up 0.18% at $71.33—a roughly $1.60 per barrel rise over last week’s levels.

READ MORE

US Exim Bank confirms $4.7-billion Mozambique LNG loan

Oil & Gas‚ Oil and Gas Industry | intent | March 21, 2025 | Comment off

The newly constituted Board of Directors of the US Export-Import Bank has approved the direct loan of up to USD 4.7 billion to support engineering, procurement and construction for the Mozambique LNG project in Mozambique’s Cabo Delgado province, the bank announced on Wednesday.
the operator of the project, had indicated earlier this year it expected the loan would be green-lighted, and it is also expecting the resolution of a commitment of up to USD 1 billion from the UK.

READ MORE

Black Gold Exploration joins with LGX Energy to expand key U.S. oil and gas leases

Oil & Gas‚ Oil and Gas Industry | intent | October 23, 2024 | Comment off

Black Gold Exploration Corp. has announced the addition of 822 acres to the package of oil, gas and mineral leases in Clay County and Vigo County, Indiana that are subject to its ongoing joint venture (JV) with LGX Energy Corp., bringing the total leased acreage to 911.9 acres. When originally announced on August 7, 2024, […]

READ MORE