(Oil Price) – The United States and Qatar have joined forces for a fresh warning to Brussels that its corporate sustainability directive risks LNG imports from two of the world’s biggest exporters at a time when the EU is trying to ban all Russian gas imports. Per a joint letter cited by the Financial Times, Washington and Doha are concerned that the directive
(Investing)– U.S. Energy Secretary Chris Wright said Wednesday that current oil prices are low, making it a “great time to be a buyer” as he discussed plans to replenish the Strategic Petroleum Reserve (SPR). Speaking on Fox News, Wright indicated the government will “gradually fill the Strategic Petroleum Reserve up,” following the Department of Energy’s announcement Tuesday of a solicitation to
(Oil Price) – Saudi Arabia’s crude oil exports surged by 413,000 barrels per day (bpd) in August, to the highest level in six months, as the world’s top crude exporter and the OPEC+ group accelerated the reversal of the production cuts. Saudi Arabia’s crude oil production also soared in August, by 521,000 bpd from July, the latest data by the Joint
(Investing) – HOUSTON-Persistently weak crude prices pressured merger and acquisition activity in the U.S. upstream oil and gas sector in the third quarter, analytics firm Enverus said on Wednesday. Dealmaking fell for the third straight quarter as U.S. crude futures averaged around $65 a barrel during the July through September period, around the level producers say they need to profitably drill.
(BOE Report) – Japan’s new prime minister Sanae Takaichi is expected to push for the accelerated revival of nuclear power to tackle inflation, a source of public discontent, with reactor restarts key to reducing costly fuel imports. Takaichi has appointed Ryosei Akazawa, who was Japan’s point person in its recent tariff deal with the U.S., as trade and industry minister
(World Oil) – The Trump administration is taking advantage of low oil prices and buying 1 MMbbl to start refilling the nation’s depleted emergency crude supply. The Energy Department announced Tuesday that it plans to buy oil for delivery in December and January, using a portion of the $171 million from President Donald Trump’s signature tax and spending law
Weekly Crude Oil Storage as of October 17, 2025 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 1 million barrels from the previous week. At 422.8 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,
