COP30 drops draft on transition away from fossil fuels
(Oil price)– The COP30 climate summit is ditching an earlier draft of a roadmap to transition away from fossil fuels, according to the latest draft of negotiating texts at the global gathering in Belem, Brazil.
COP30 drops draft on transition away from fossil fuels
(Oil price)– The COP30 climate summit is ditching an earlier draft of a roadmap to transition away from fossil fuels, according to the latest draft of negotiating texts at the global gathering in Belem, Brazil. Many countries at COP30 have mobilized
U.S. rig count increased by 5 is at 554
This week’s Baker Hughes Rig Count shows that the U.S. increased by
Trump administration restructures DOE, dropping clean-energy offices in favor of hydrocarbons
(World Oil)– The Trump administration is eliminating Energy Department offices focused on
UAE eyes $50 billion investment blitz in Canada’s energy and AI sectors
(Oil Price)– The United Arab Emirates is ready to invest as much
U.S. rig count increased by 5 is at 554
This week’s Baker Hughes Rig Count shows that the U.S. increased by 5 last week, resulting in a total count of 554 rigs. Canada had an increase of 7 over last week, resulting in a total Canadian count of 195
Trump administration restructures DOE, dropping clean-energy offices in favor of hydrocarbons
(World Oil)– The Trump administration is eliminating Energy Department offices focused on clean energy and renewables and, instead, creating units dedicated to hydrocarbons and fusion energy. The changes are part of an agency reorganization unveiled Thursday. The plan made
UAE eyes $50 billion investment blitz in Canada’s energy and AI sectors
(Oil Price)– The United Arab Emirates is ready to invest as much as $50 billion in Canada’s industries, notably energy and artificial intelligence, following a visit by Prime Minister Mark Carney in Abu Dhabi. Reuters reported the news, citing a
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Weekly Inventories
U.S. crude oil inventories decrease by 3.4 million barrels
Weekly Crude Oil Storage as of November 14, 2025 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 3.4 million barrels from the previous week. At 424.2 million barrels, U.S. crude oil inventories are 5%
Weekly Gas Storage: Inventories decrease by 14 Bcf
Natural Gas Inventories as of November 14, 2025 The EIA has released its natural gas inventory report, showing a net decrease of 14 Bcf as of November 14, 2025. Working gas in storage was 3,946 Bcf as of Friday, November
U.S. rig count increased by 5 is at 554
This week’s Baker Hughes Rig Count shows that the U.S. increased by 5 last week, resulting in a total count of 554 rigs. Canada had an increase of 7 over last week, resulting in a total Canadian count of 195
