
EU warns energy prices will stay elevated through 2027
(Oil Price) – Top EU officials said Friday that oil and gas prices are expected to remain elevated through at least the end of 2027, with the fallout from the Iran war likely to keep pressure on

EU warns energy prices will stay elevated through 2027
(Oil Price) – Top EU officials said Friday that oil and gas prices are expected to remain elevated through at least the end of 2027, with the fallout from the Iran war likely to keep pressure on inflation and economic growth. Speaking after

Plains oil pipeline shut down after rupture in East Los Angeles, company says
(Investing) – An oil pipeline operated by Plains All American in East Los Angeles, California,

TotalEnergies eyes $100M+ stake sales in European solar and wind portfolio
(Oil Price) – TotalEnergies is considering selling 50% of some of its

U.S. rig count increased by 7, is at 558
This week’s Baker Hughes Rig Count shows that the U.S. increased by

Plains oil pipeline shut down after rupture in East Los Angeles, company says
(Investing) – An oil pipeline operated by Plains All American in East Los Angeles, California, was shut down after a rupture, the company said on Friday. The line was struck by a third party conducting excavation work, the company added. It did not provide

TotalEnergies eyes $100M+ stake sales in European solar and wind portfolio
(Oil Price) – TotalEnergies is considering selling 50% of some of its solar and wind assets in Europe as part of its strategy to partner with other companies in operating and monetizing its clean energy portfolio, Bloomberg reported on Friday, quoting anonymous

U.S. rig count increased by 7, is at 558
This week’s Baker Hughes Rig Count shows that the U.S. increased by 7 last week, resulting in a total count of 558 rigs. Canada increased by 14 over last week, resulting in a total Canadian count of 138 rigs. Breakdown
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Weekly Inventories
U.S. crude oil inventories decrease by 7.9 million barrels
Weekly Crude Oil Storage as of May 15, 2026 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum
Weekly Gas Storage: Inventories increase by 101 Bcf
Natural Gas Inventories as of May 15, 2026 The EIA has released its natural gas inventory report, showing a net
U.S. rig count increased by 7, is at 558
This week’s Baker Hughes Rig Count shows that the U.S. increased by 7 last week, resulting in a total count