SLB exceeds profit expectations on strong North American demand
(Oil Price) – The world’s biggest oilfield services provider, SLB (NYSE: SLB), on Friday reported higher-than-expected earnings for the third quarter as revenue from its North American business jumped by 17% from the second quarter
SLB exceeds profit expectations on strong North American demand
(Oil Price) – The world’s biggest oilfield services provider, SLB (NYSE: SLB), on Friday reported higher-than-expected earnings for the third quarter as revenue from its North American business jumped by 17% from the second quarter and by 14% from a year
North Sea recoverable oil and gas resources rise 31% after last licensing round, new report shows
(World Oil) – The UK’s remaining proven and probable oil and gas reserves
Trump’s India squeeze to push Russian oil further into the shadows: Bousso
(BOE Report) – Donald Trump is putting more pressure on India to slash
Oil prices fall as concerns about supply glut mount
(Investing) – HOUSTON -Oil prices fell around 1% on Monday as investors weighed
North Sea recoverable oil and gas resources rise 31% after last licensing round, new report shows
(World Oil) – The UK’s remaining proven and probable oil and gas reserves were estimated at 2.9 billion barrels of oil equivalent (Bboe) at the end of 2024, according to the latest Reserves and Resources Report published by the North Sea Transition
Trump’s India squeeze to push Russian oil further into the shadows: Bousso
(BOE Report) – Donald Trump is putting more pressure on India to slash its Russian oil purchases. This could deprive Moscow of vital revenue, but it will mostly just push more Russian oil into an increasingly large shadow market. The U.S.
Oil prices fall as concerns about supply glut mount
(Investing) – HOUSTON -Oil prices fell around 1% on Monday as investors weighed a potential global glut, with U.S.-China trade tensions adding to concerns about an economic slowdown and weaker energy demand. Brent crude futures were down 57 cents, or 0.93%, at
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Weekly Inventories
U.S. crude oil inventories increase by 3.5 million barrels
Weekly Crude Oil Storage as of October 10, 2025 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 3.5 million barrels from the previous week. At 423.8 million barrels, U.S. crude oil inventories are 4%
Weekly Gas Storage: Inventories increase by 80 Bcf
Natural Gas Inventories as of October 10, 2025 The EIA has released its natural gas inventory report, showing a net increase of 80 Bcf as of October 10, 2025. Working gas in storage was 3,721 Bcf as of Friday, October
U.S. rig count increased by 1 is at 548
This week’s Baker Hughes Rig Count shows that the U.S. increased by 1 last week, resulting in a total count of 548 rigs. Canada had an increase of 5 over last week, resulting in a total Canadian count of 198
