EIA: US crude inventories drop 1.9 million bbl

US commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, decreased 1.9 million bbl during the week ended Sept. 23 from the previous week’s total to 502.7 million bbl, according to the US Energy Information Administration’s Petroleum Status Report. Source: News

Aramco chief calls for chemical expansion

Saudi Arabian Oil Co. (Saudi Aramco) wants to become “a top-three player in ethylene, paraxylene, and benzene” and is increasing the integration of its refining and petrochemical industries to pursue that goal, says President and Chief Executive Officer Amin H. Nasser. Source: News

BLM increases drilling permit processing fee by $110

The US Bureau of Land Management will increase the fee it charges to process oil and natural gas drilling permit applications on public and Indian lands it administers by $110 to $9,610 effective Oct. 1. Source: News