
India accuses West of double standards over U.S. Russia oil sanctions
(Oil Price) – The on-and-off U.S. sanctions on Russian oil and the flipping U.S. position regarding India’s oil purchases from Russia highlight the double standards of the Western nations, Indian Foreign Minister S Jaishankar said on Friday.

India accuses West of double standards over U.S. Russia oil sanctions
(Oil Price) – The on-and-off U.S. sanctions on Russian oil and the flipping U.S. position regarding India’s oil purchases from Russia highlight the double standards of the Western nations, Indian Foreign Minister S Jaishankar said on Friday. India turned en masse to Russian

Oil falls to near two-month lows as Trump calls off threatened strikes on Iran
(Investing) – LONDON – Oil prices fell nearly 3% on Friday to their

Register to attend EnerCom Denver August 17–19, 2026, in Denver, Colorado
(Oil & Gas 360) – Investors are encouraged to register for EnerCom Denver

Guyana’s oil boom gets a major boost from $100 crude
(Oil Price) – Oil prices remain elevated in the wake of the Iran War. Tehran’s

Oil falls to near two-month lows as Trump calls off threatened strikes on Iran
(Investing) – LONDON – Oil prices fell nearly 3% on Friday to their lowest in nearly two months after U.S. President Donald Trump cancelled new strikes on Iran, reducing fears of an escalation of hostilities following tit-for-tat attacks earlier in the

Register to attend EnerCom Denver August 17–19, 2026, in Denver, Colorado
(Oil & Gas 360) – Investors are encouraged to register for EnerCom Denver – The Energy Investment Conference, featuring a broad group of public and private energy companies Limited presentation openings are available for E&P, Midstream, OFS, Energy Transition, and Emerging

Guyana’s oil boom gets a major boost from $100 crude
(Oil Price) – Oil prices remain elevated in the wake of the Iran War. Tehran’s ability to close the Strait of Hormuz has sharply crimped world oil supply, with around 20% of all petroleum consumed globally passing through the waterway. This triggered an
Company to watch
Weekly Inventories
U.S. crude oil inventories decrease by 7.2 million barrels
Weekly Crude Oil Storage as of June 5, 2026 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum
Weekly Gas Storage: Inventories increase by 108 Bcf
Natural Gas Inventories as of June 5, 2026 The EIA has released its natural gas inventory report, showing a net
U.S. rig count increased by 1, is at 563
This week’s Baker Hughes Rig Count shows that the U.S. increased by 6 last week, resulting in a total count