OPEC+ prepares to stop raising oil output targets
(Oil Prices) – OPEC+ is preparing to approve one more production increase for September and then put the monthly quota parade on hold through the end of the year. Saudi Arabia, Russia, Iraq, Kuwait, Algeria,
OPEC+ prepares to stop raising oil output targets
(Oil Prices) – OPEC+ is preparing to approve one more production increase for September and then put the monthly quota parade on hold through the end of the year. Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan, and Oman are expected to
Baker Hughes flags lower spending by oil and gas producers in 2026
(BOE Report) – Baker Hughes said on Monday it expects annual global
Eni, TotalEnergies reach FID on Cyprus’ Cronos gas development
(World Oil) — Eni and TotalEnergies have reached a final investment decision (FID) to develop
Oil prices settle at lowest in over a week, as US pauses attacks on Iran
(BOE Report) – Oil prices fell on Monday, settling at their lowest
Baker Hughes flags lower spending by oil and gas producers in 2026
(BOE Report) – Baker Hughes said on Monday it expects annual global spending by oil and gas producers to decline modestly this year, with growth in Latin America, offshore Africa, and North America land offset by lower spending in Europe
Eni, TotalEnergies reach FID on Cyprus’ Cronos gas development
(World Oil) — Eni and TotalEnergies have reached a final investment decision (FID) to develop the Cronos gas field offshore Cyprus, advancing the country’s first natural gas project and establishing a new LNG export route from the Eastern Mediterranean to European markets. Eni, which operates
Oil prices settle at lowest in over a week, as US pauses attacks on Iran
(BOE Report) – Oil prices fell on Monday, settling at their lowest levels in over a week, after the U.S. abruptly suspended a campaign of air strikes against Iran over the weekend, raising hopes of a diplomatic solution that would
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Weekly Inventories
U.S. crude oil inventories increase by 2.0 million barrels
Weekly Crude Oil Storage as of July 17, 2026 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum
Weekly Gas Storage: Inventories increase by 32 Bcf
Natural Gas Inventories as of July 17, 2026 The EIA has released its natural gas inventory report, showing a net
U.S. rig count increased by 1, is at 587
This week’s Baker Hughes Rig Count shows that the U.S. increased by 1 last week, resulting in a total count
