Iranian gunboats confront U.S.-flagged oil tanker in Strait of Hormuz
(Oil Price) – Iranian gunboats made a pointed move in the Strait of Hormuz this week, approaching a U.S.-flagged oil tanker in what U.S. and British maritime security sources describe as a failed attempt to
Iranian gunboats confront U.S.-flagged oil tanker in Strait of Hormuz
(Oil Price) – Iranian gunboats made a pointed move in the Strait of Hormuz this week, approaching a U.S.-flagged oil tanker in what U.S. and British maritime security sources describe as a failed attempt to interfere with the vessel’s transit. No
US refiners struggle to absorb sudden surge in Venezuelan oil imports
(BOE Report) – Oil refiners on the U.S. Gulf Coast are struggling
Marathon Petroleum beats earnings expectations as refining margins surge
(Oil Price) – Marathon Petroleum (NYSE: MPC) beat fourth-quarter earnings expectations by a
Ovintiv Announces Closing of NuVista Energy Acquisition
(Oil & Gas 360) – DENVER, Feb. 3, 2026 /CNW/ – Ovintiv Inc. (NYSE: OVV) (TSX: OVV)
US refiners struggle to absorb sudden surge in Venezuelan oil imports
(BOE Report) – Oil refiners on the U.S. Gulf Coast are struggling to absorb a rapid surge in Venezuelan crude shipments since last month’s flagship $2 billion supply deal between Caracas and Washington, pressuring prices and leaving some volumes unsold,
Marathon Petroleum beats earnings expectations as refining margins surge
(Oil Price) – Marathon Petroleum (NYSE: MPC) beat fourth-quarter earnings expectations by a mile as refining margins surged in the latter part of 2025. One of the biggest U.S. refiners on Tuesday reported fourth-quarter adjusted net income of $1.2 billion, or $4.07 per
Ovintiv Announces Closing of NuVista Energy Acquisition
(Oil & Gas 360) – DENVER, Feb. 3, 2026 /CNW/ – Ovintiv Inc. (NYSE: OVV) (TSX: OVV) (“Ovintiv” or the “Company”) announced today that it has completed its acquisition of all of the common shares (“NuVista Shares”) of NuVista Energy Ltd. (TSX: NVA) (“NuVista”) in a
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Weekly Inventories
U.S. crude oil inventories decrease by 2.3 million barrels
Weekly Crude Oil Storage as of January 23, 2026 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum
Weekly Gas Storage: Inventories decrease by 242 Bcf
Natural Gas Inventories as of January 23, 2026 The EIA has released its natural gas inventory report, showing a net
U.S. rig count decreased by 1 is at 543
This week’s Baker Hughes Rig Count shows that the U.S. decreased by 1 last week, resulting in a total count
