Industry job losses and $2 billion cuts threaten U.S. oil output growth
(World Oil) – The U.S. oil industry is facing significant challenges, having laid off thousands of workers and reduced billions in spending due to declining oil prices and major industry consolidation. This shift may
Industry job losses and $2 billion cuts threaten U.S. oil output growth
(World Oil) – The U.S. oil industry is facing significant challenges, having laid off thousands of workers and reduced billions in spending due to declining oil prices and major industry consolidation. This shift may signal the end of the rapid
U.S. power consumption set to hit record highs in 2025 and 2026
(Oil Price) – U.S. electricity consumption is set to hit record-high levels this
Trump prioritising end to Ukraine war over Russia LNG sanctions, US energy secretary says
(Investing) – MILAN -U.S. Energy Secretary Chris Wright said President Donald Trump’s priority
U.S. crude oil inventories decrease by million barrels
Weekly Crude Oil Storage as of September 5, 2025 U.S. commercial crude
U.S. power consumption set to hit record highs in 2025 and 2026
(Oil Price) – U.S. electricity consumption is set to hit record-high levels this year and next, as demand from data centers and industrial customers soars, the U.S. Energy Information Administration (EIA) said in its latest Short-Term Energy Outlook (STEO). America’s power
Trump prioritising end to Ukraine war over Russia LNG sanctions, US energy secretary says
(Investing) – MILAN -U.S. Energy Secretary Chris Wright said President Donald Trump’s priority is to bring the Russia-Ukraine war to an end, without larger disruptions, when asked how the U.S. would react to Chinese purchases of sanctioned Russian LNG cargoes. “President
U.S. crude oil inventories decrease by million barrels
Weekly Crude Oil Storage as of September 5, 2025 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 3.9 million barrels from the previous week. At 424.6 million barrels, U.S. crude oil inventories are 3%
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Weekly Inventories
U.S. crude oil inventories decrease by million barrels
Weekly Crude Oil Storage as of September 5, 2025 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 3.9 million barrels from the previous week. At 424.6 million barrels, U.S. crude oil inventories are 3%
Weekly Gas Storage: Inventories increase by 18 Bcf
Natural Gas Inventories as of August 22, 2025 The EIA has released its natural gas inventory report, showing a net increase of 18 Bcf as of August 22, 2025. Working gas in storage was 3,217 Bcf as of Friday, August
U.S. rig count decreased by 2 is at 536
This week’s Baker Hughes Rig Count shows that the U.S. decreased by 2 last week, resulting in a total count of 536 rigs. Canada had a decrease of 5 over last week, resulting in a total Canadian count of 175
