Petro-Victory increases Brazil oil production 128% through mature-field workovers
(World Oil) — Petro-Victory Energy Corp. has more than doubled oil production during its first year of operations at Capixaba Energia in Brazil, while reducing production costs and identifying additional reservoir opportunities through a workover
Petro-Victory increases Brazil oil production 128% through mature-field workovers
(World Oil) — Petro-Victory Energy Corp. has more than doubled oil production during its first year of operations at Capixaba Energia in Brazil, while reducing production costs and identifying additional reservoir opportunities through a workover and optimization program. Oil production increased
Asian refiners buy more US crude as Hormuz remains blocked, traders say
(BOE Report) – At least four Asian refiners bought U.S. crude this
Iran’s economy is buckling under the weight of war
(Oil Price) – Every week, the shopping lists of Iranians become shorter
Stalled Alaska LNG pipeline bill sends ‘negative signal,’ governor says
(BOE Report) – Alaska Governor Mike Dunleavy said he was “deeply disappointed”
Asian refiners buy more US crude as Hormuz remains blocked, traders say
(BOE Report) – At least four Asian refiners bought U.S. crude this week, as the Strait of Hormuz remained effectively closed and refiners sought alternative supplies for delivery later this year, traders said. Shipping traffic at the Strait of Hormuz
Iran’s economy is buckling under the weight of war
(Oil Price) – Every week, the shopping lists of Iranians become shorter as inflation soars and purchasing power plunges. “As things disappear from the dining table, fruit goes first, then dairy products, then anything considered non-essential,” a woman in the
Stalled Alaska LNG pipeline bill sends ‘negative signal,’ governor says
(BOE Report) – Alaska Governor Mike Dunleavy said he was “deeply disappointed” that a bill to advance a pipeline for the Alaska LNG project to export natural gas to Asia stalled in the state legislature. Dunleavy said in a post
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Weekly Inventories
U.S. crude oil inventories increase by 17.4 million barrels
Weekly Crude Oil Storage as of August 7, 2026 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum
Weekly Gas Storage: Inventories increase by 36 Bcf
Natural Gas Inventories as of August 7, 2026 The EIA has released its natural gas inventory report, showing a net
U.S. rig count had no change, is at 588
This week’s Baker Hughes Rig Count shows that the U.S. had no change last week, resulting in a total count
