Petrobras sets production record of 3.34 MMboed in second quarter
(World Oil) — Petrobras increased its oil and natural gas production 14.1% year over year to a record 3.34 MMboed in the second quarter of 2026, driven by the continued ramp-up of major pre-salt developments
Petrobras sets production record of 3.34 MMboed in second quarter
(World Oil) — Petrobras increased its oil and natural gas production 14.1% year over year to a record 3.34 MMboed in the second quarter of 2026, driven by the continued ramp-up of major pre-salt developments in the Santos basin and improved
Middle East oil shock could hand upstream sector a $495 billion windfall
(Oil Price) – Wood Mackenzie now estimates that the global upstream oil and gas
Pipeline company Enbridge reports $1.4-billion second-quarter profit
(BOE Report) – Enbridge Inc. reported a second-quarter profit attributable to common shareholders of
bp boosts U.S. Gulf output with Atlantis expansion startup
(World Oil) — bp has started production from its Atlantis expansion project in the U.S.
Middle East oil shock could hand upstream sector a $495 billion windfall
(Oil Price) – Wood Mackenzie now estimates that the global upstream oil and gas sector could generate $495 billion in free cash flow in 2026 if crude averages $90 per barrel, more than doubling its previous forecast based on a $60 oil
Pipeline company Enbridge reports $1.4-billion second-quarter profit
(BOE Report) – Enbridge Inc. reported a second-quarter profit attributable to common shareholders of $1.4 billion, down from $2.18 billion a year earlier. The pipeline company says the profit amounted to 64 cents per share for the quarter ended June 30, down
bp boosts U.S. Gulf output with Atlantis expansion startup
(World Oil) — bp has started production from its Atlantis expansion project in the U.S. Gulf of America/Mexico, adding approximately 10,000 boed of gross peak annualized production while extending the life of one of the company’s flagship deepwater developments. Located about 150 miles
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Weekly Inventories
U.S. crude oil inventories decrease by 7.2 million barrels
Weekly Crude Oil Storage as of July 24, 2026 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum
Weekly Gas Storage: Inventories increase by 28 Bcf
Natural Gas Inventories as of July 24, 2026 The EIA has released its natural gas inventory report, showing a net
U.S. rig count increased by 1, is at 588
This week’s Baker Hughes Rig Count shows that the U.S. increased by 1 last week, resulting in a total count
