IEA chief urges EU to revisit Arctic oil and gas drilling ban
(World Oil) – International Energy Agency Executive Director Fatih Birol pressed the European Union to revisit its moratorium on drilling for oil and gas in the Arctic, challenging the bloc’s long-held opposition to new fossil
IEA chief urges EU to revisit Arctic oil and gas drilling ban
(World Oil) – International Energy Agency Executive Director Fatih Birol pressed the European Union to revisit its moratorium on drilling for oil and gas in the Arctic, challenging the bloc’s long-held opposition to new fossil fuel development there. “I support the
ADNOC orders $900 million in new LNG carriers to expand global fleet
(Oil Price) – ADNOC Logistics and Services has placed a $900-million order for
Venezuela issues sweeping oil regulations to expand private sector role
(World Oil) – Venezuela’s interim government published long-awaited oil regulations on Thursday
Iran escalation could threaten 2027 oil market surplus, IEA says
(BOE Report) – A recent escalation of hostilities between the U.S. and
ADNOC orders $900 million in new LNG carriers to expand global fleet
(Oil Price) – ADNOC Logistics and Services has placed a $900-million order for four newbuild LNG carriers to expand its fleet as Abu Dhabi’s national oil company seeks to boost gas exports to seize the global rise in LNG demand. ADNOC
Venezuela issues sweeping oil regulations to expand private sector role
(World Oil) – Venezuela’s interim government published long-awaited oil regulations on Thursday that effectively end the decades-long control of national oil company Petróleos de Venezuela SA (PDVSA) over the country’s lifeblood industry. Spanning 29 pages in the Official Gazette, the regulations lay out
Iran escalation could threaten 2027 oil market surplus, IEA says
(BOE Report) – A recent escalation of hostilities between the U.S. and Iran could upend the International Energy Agency’s forecast of a significant oil market surplus next year, it said on Friday, as global supply jumped in June when the
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Weekly Inventories
U.S. crude oil inventories increase by 3.0 million barrels
Weekly Crude Oil Storage as of July 3, 2026 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum
Weekly Gas Storage: Inventories increase by 61 Bcf
Natural Gas Inventories as of July 3, 2026 The EIA has released its natural gas inventory report, showing a net
U.S. rig count increased by 7, is at 580
This week’s Baker Hughes Rig Count shows that the U.S. increased by 7 last week, resulting in a total count
