(World Oil) – AXP Energy has confirmed hydrocarbons across several pay zones in its Charlie #1 well, located on the Edward Lease in Noble County, Oklahoma. The well reached total vertical depth of 4,725 ft on Sept. 22, and a full suite of wireline logs was successfully run before 5½-in. casing was set and cemented. The logs identified oil and gas
(Oil Price) – Crude oil inventories in the United States increased by 1.8 million barrels during the week ending September 26, after shrinking by 600,000 barrels in the week prior, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The increase brings commercial stockpiles to 416.5 million barrels according to government data, which is still 4%
(BOE Report) – CALGARY, ALBERTA, CANADA – Alberta Premier Danielle Smith is set to reveal today a new project to strengthen national energy development. Smith will be in Calgary for the announcement. Alberta Energy Minister Brian Jean and Rajan Sawhney, the minister in charge of Indigenous relations, will also be on hand as will the head of Cenovus Energy. Smith has
(World Oil) – ExxonMobil plans to cut about 2,000 jobs globally as the Texas oil company consolidates smaller offices into regional hubs as part of its long-term restructuring plan. The reductions represent about 3% to 4% of Exxon’s global workforce and are part of the company’s ongoing efficiency drive, Chief Executive Officer Darren Woods said in an memo to employees
(Investing) – Some government staff will be kept on during the federal shutdown to process permits and leases for oil, gas and coal operations on public lands, according to contingency plans published by the Interior Department on Wednesday. Maintaining workers in those areas is aimed at addressing the national energy emergency President Donald Trump declared when he took office in January,
Weekly Crude Oil Storage as of September 26, 2025 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.8 million barrels from the previous week. At 416.5 million barrels, U.S. crude oil inventories are 4% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data,
