Oil prices rise toward $94 as U.S. prepares new Iran economic measures
(World Oil) – Oil headed for a weekly gain as traders awaited details on a U.S. campaign to isolate Iran’s economy, with no apparent end in sight to a conflict that has slashed Middle East
Oil prices rise toward $94 as U.S. prepares new Iran economic measures
(World Oil) – Oil headed for a weekly gain as traders awaited details on a U.S. campaign to isolate Iran’s economy, with no apparent end in sight to a conflict that has slashed Middle East exports. Treasury Secretary Scott Bessent said
Tankers stack up as Venezuela sells oil faster than its ports can handle
(BOE Report) – Venezuela’s dilapidated oil port terminals are imposing a de
Continental Resources to acquire FireBird Energy, adding 32,000 boed in Permian
(World Oil) – Continental Resources has agreed to acquire FireBird Energy II LLC, adding approximately 32,000
Saudi oil exports from Mediterranean soar with shuttles North to avoid Houthis
(Oil Price) – Saudi Arabia has boosted its crude oil exports from
Tankers stack up as Venezuela sells oil faster than its ports can handle
(BOE Report) – Venezuela’s dilapidated oil port terminals are imposing a de facto export cap on the country’s resurgent crude production, with tankers having to wait up to 30 days to load because of ageing infrastructure, power outages and quality
Continental Resources to acquire FireBird Energy, adding 32,000 boed in Permian
(World Oil) – Continental Resources has agreed to acquire FireBird Energy II LLC, adding approximately 32,000 boed of oil-weighted production and expanding the company’s position in the Permian basin. FireBird, a portfolio company of Quantum Capital Group, holds approximately 54,000 net acres in the Midland basin adjacent
Saudi oil exports from Mediterranean soar with shuttles North to avoid Houthis
(Oil Price) – Saudi Arabia has boosted its crude oil exports from Egypt’s Mediterranean port of Sidi Kerir by about 33% in the month since the Houthis threatened Saudi oil shipments in the southern Red Sea and the Bab el-Mandeb
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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 decreased by 5, is at 588
This week’s Baker Hughes Rig Count shows that the U.S. decreased by 5 last week, resulting in a total count
