Gulf producers slash oil output by 5 million Bpd
(World Oil) – The largest oil producers in the Middle East Gulf have deepened production cuts and are already lowering output by a combined more than 5 million barrels per day (bpd) as the de
Gulf producers slash oil output by 5 million Bpd
(World Oil) – The largest oil producers in the Middle East Gulf have deepened production cuts and are already lowering output by a combined more than 5 million barrels per day (bpd) as the de facto halt to tanker traffic in
Aramco sees ‘catastrophic consequences’ for oil if shipping doesn’t resume in Strait of Hormuz
(BOE Report) – Saudi Arabia’s Aramco, the world’s top oil exporter, said
Oil’s surge above $100 highlights inflation risks for global markets
(World Oil) – Oil’s brief surge above $100/bbl has renewed concerns that
Global efforts underway to stabilize oil market, says France
(Investing) – Countries around the world are prepared to take action to stabilize
Aramco sees ‘catastrophic consequences’ for oil if shipping doesn’t resume in Strait of Hormuz
(BOE Report) – Saudi Arabia’s Aramco, the world’s top oil exporter, said on Tuesday that there would be “catastrophic consequences” for the world’s oil markets if the Iran war continues to disrupt shipping in the Strait of Hormuz. The disruption
Oil’s surge above $100 highlights inflation risks for global markets
(World Oil) – Oil’s brief surge above $100/bbl has renewed concerns that the escalating Iran conflict could trigger broader inflation pressures if elevated crude prices persist. Crude prices jumped above the $100 mark for less than a day Monday amid fears that
Global efforts underway to stabilize oil market, says France
(Investing) – Countries around the world are prepared to take action to stabilize the oil market, French Finance Minister Roland Lescure said on Tuesday. Lescure told reporters that nations have requested the International Energy Agency to develop scenarios for a possible
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Weekly Inventories
U.S. crude oil inventories increase by 3.5 million barrels
Weekly Crude Oil Storage as of February 27, 2026 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum
Weekly Gas Storage: Inventories decrease by 132 Bcf
Natural Gas Inventories as of February 27, 2026 The EIA has released its natural gas inventory report, showing a net
U.S. rig count increased by 1, is at 551
This week’s Baker Hughes Rig Count shows that the U.S. increased by 1 last week, resulting in a total count
