Gulf oil producers open the taps as Iran risk premium builds
(Oil Price) – As U.S.-Iran tensions climb and talk of a potential strike refuses to fade, the UAE and Saudi Arabia are already behaving as if an oil supply disruption is a matter of when,
Gulf oil producers open the taps as Iran risk premium builds
(Oil Price) – As U.S.-Iran tensions climb and talk of a potential strike refuses to fade, the UAE and Saudi Arabia are already behaving as if an oil supply disruption is a matter of when, not if. If they move more
Greenland Energy advances 2026 Arctic drilling campaign with logistics agreement
(World Oil) – Pelican Acquisition Corporation and Greenland Exploration Ltd., which are in the process
Saudi Aramco bringing shale gas revolution to Arabian Desert
(BOE Report) – The shale revolution that made the United States the
US seeks forfeiture of oil tanker and 1.8 million barrels of Venezuelan oil
(Investing) – WASHINGTON – The United States is seeking the forfeiture of Motor
Greenland Energy advances 2026 Arctic drilling campaign with logistics agreement
(World Oil) – Pelican Acquisition Corporation and Greenland Exploration Ltd., which are in the process of combining to form Greenland Energy Company, have secured Arctic logistics support for planned drilling operations in the Jameson Land basin. The companies announced a strategic agreement with Canadian maritime
Saudi Aramco bringing shale gas revolution to Arabian Desert
(BOE Report) – The shale revolution that made the United States the world’s top oil producer is taking shape in the Arabian Desert. The shale revolution that made the United States the world’s top oil producer is taking shape in
US seeks forfeiture of oil tanker and 1.8 million barrels of Venezuelan oil
(Investing) – WASHINGTON – The United States is seeking the forfeiture of Motor Tanker Skipper, an oil tanker seized by the U.S. in December, and 1.8 million barrels of crude oil cargo supplied by Venezuelan state-run company PDVSA, the Justice Department said
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Weekly Inventories
U.S. crude oil inventories increase by 16.0 million barrels
Weekly Crude Oil Storage as of February 20, 2026 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum
Weekly Gas Storage: Inventories decrease by 52 Bcf
Natural Gas Inventories as of February 20, 2026 The EIA has released its natural gas inventory report, showing a net
U.S. rig count decreased by 1, is at 550
This week’s Baker Hughes Rig Count shows that the U.S. decreased by 1 last week, resulting in a total count
