Halliburton posts stronger Q2 on North America recovery
(World Oil) – Halliburton reported second-quarter 2026 revenue of $5.7 billion, up from $5.4 billion in the first quarter, as stronger North American stimulation and well construction activity helped drive sequential growth. Net income totaled $534 million,
Halliburton posts stronger Q2 on North America recovery
(World Oil) – Halliburton reported second-quarter 2026 revenue of $5.7 billion, up from $5.4 billion in the first quarter, as stronger North American stimulation and well construction activity helped drive sequential growth. Net income totaled $534 million, or $0.64 per diluted share, while
Higher-for-longer oil scenario is here to stay
(Oil Price) – Oil prices have been on a climb for over a
ADNOC approves $6.2-billion FID for Umm Shaif Gas Cap development offshore UAE
(World Oil) – ADNOC has approved a $6.2 billion (AED22.6 billion) final investment decision (FID) for
Refiners elbow traders to take a larger slice of Venezuela’s oil
(BOE Report) – Refiners and oil-producing firms in the U.S. and elsewhere
Higher-for-longer oil scenario is here to stay
(Oil Price) – Oil prices have been on a climb for over a week now as hostilities in the Middle East continue, and despite recent talk of a glut, the physical market is flashing signs of tightness—and higher oil for longer.
ADNOC approves $6.2-billion FID for Umm Shaif Gas Cap development offshore UAE
(World Oil) – ADNOC has approved a $6.2 billion (AED22.6 billion) final investment decision (FID) for the Umm Shaif Gas Cap development offshore Abu Dhabi, advancing a major natural gas project expected to deliver more than 600 MMscfd of natural gas and associated gas liquids by
Refiners elbow traders to take a larger slice of Venezuela’s oil
(BOE Report) – Refiners and oil-producing firms in the U.S. and elsewhere are gaining market share in Venezuela’s crude as they sign direct contracts with state-run PDVSA, challenging the global traders that inked earlier deals with the government of interim
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Weekly Inventories
U.S. crude oil inventories decrease by 1.7 million barrels
Weekly Crude Oil Storage as of July 10, 2026 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum
Weekly Gas Storage: Inventories increase by 41 Bcf
Natural Gas Inventories as of July 10, 2026 The EIA has released its natural gas inventory report, showing a net
U.S. rig count increased by 7, is at 588
This week’s Baker Hughes Rig Count shows that the U.S. increased by 7 last week, resulting in a total count
