Iran warns oil could hit $200 per barrel as Hormuz threat escalates
(Oil Price) – Oil markets are bracing for an even bigger potential price shock with Iran on Wednesday warning that crude could surge to $200 per barrel if the war involving the U.S. and Israel continues to
Iran warns oil could hit $200 per barrel as Hormuz threat escalates
(Oil Price) – Oil markets are bracing for an even bigger potential price shock with Iran on Wednesday warning that crude could surge to $200 per barrel if the war involving the U.S. and Israel continues to destabilize the Middle East’s energy corridors.
TotalEnergies launches Lapa South-West project offshore Brazil
(World Oil) – TotalEnergies has started production from the Lapa South-West project
Oil prices up 4% as supply fears mount despite record stocks release plan
(Investing) – NEW YORK – Oil prices gained nearly 4% on Wednesday as
U.S. crude oil inventories increase by 3.8 million barrels
Weekly Crude Oil Storage as of March 6, 2026 U.S. commercial crude
TotalEnergies launches Lapa South-West project offshore Brazil
(World Oil) – TotalEnergies has started production from the Lapa South-West project in Brazil’s Santos basin, about 300 km (186 miles) offshore, adding new output to the company’s existing Lapa field operations. The development consists of three wells tied back
Oil prices up 4% as supply fears mount despite record stocks release plan
(Investing) – NEW YORK – Oil prices gained nearly 4% on Wednesday as fresh attacks on ships in the Strait of Hormuz worsened supply disruption fears, and analysts said the International Energy Agency’s proposal for a record release of oil reserves
U.S. crude oil inventories increase by 3.8 million barrels
Weekly Crude Oil Storage as of March 6, 2026 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 3.8 million barrels from the previous week. At 443.1 million barrels, U.S. crude oil inventories are 2%
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Weekly Inventories
U.S. crude oil inventories increase by 3.8 million barrels
Weekly Crude Oil Storage as of March 6, 2026 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum
Weekly Gas Storage: Inventories decrease by 132 Bcf
Natural Gas Inventories as of February 27, 2026 The EIA has released its natural gas inventory report, showing a net
U.S. rig count increased by 1, is at 551
This week’s Baker Hughes Rig Count shows that the U.S. increased by 1 last week, resulting in a total count
