Proposed Canadian crude oil pipeline projects
(BOE Report) – A series of new Canadian crude oil export pipeline projects could help the world’s fourth-largest oil producer meet global demand and come closer to achieving Prime Minister Mark Carney’s “energy superpower”
Proposed Canadian crude oil pipeline projects
(BOE Report) – A series of new Canadian crude oil export pipeline projects could help the world’s fourth-largest oil producer meet global demand and come closer to achieving Prime Minister Mark Carney’s “energy superpower” ambition. At least six different pipeline
U.S. shale majors cut spending despite higher oil prices
(Oil Price) – U.S. oil companies dominating the shale patch are planning
Hormuz Strait to remain shut until U.S. meets interim deal conditions, Iran says
(BOE Report) – The Strait of Hormuz will remain shut until the
U.S.-Iran tensions push oil prices higher as diesel margins hit records
(Oil Price) – Declarations by Iran and the U.S. earlier this week
U.S. shale majors cut spending despite higher oil prices
(Oil Price) – U.S. oil companies dominating the shale patch are planning to trim their spending plans and instead take advantage of higher international oil prices to reduce debt and boost shareholder returns. This is bad news for production growth.
Hormuz Strait to remain shut until U.S. meets interim deal conditions, Iran says
(BOE Report) – The Strait of Hormuz will remain shut until the U.S. meets the conditions of an interim deal signed with Iran in June, the top Iranian negotiator Mohammad Baqer Qalibaf said in comments published by state media on
U.S.-Iran tensions push oil prices higher as diesel margins hit records
(Oil Price) – Declarations by Iran and the U.S. earlier this week make the prospect of peace in the Middle East even more distant, driving crude oil prices higher. Meanwhile, the diesel crack spread in the U.S. topped $100 per
Company to watch
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
