bp forecasts higher oil consumption, drops view of near-term peak
(World Oil) – bp Plc said that oil demand is going to keep growing for the rest of this decade, rowing back on its prior projection that the high point could come as soon
bp forecasts higher oil consumption, drops view of near-term peak
(World Oil) – bp Plc said that oil demand is going to keep growing for the rest of this decade, rowing back on its prior projection that the high point could come as soon as this year. Rising consumption in
Nabors, Caturus launch 4-mile shale rig for ultra-high pressure drilling
(World Oil) – Caturus Energy has contracted Nabors Industries to deploy the
Eni Sells 30% in Cote d’Ivoire oil and gas project to top trader
(Oil Price) – Eni has completed the sale of 30% in the giant
Chevron expects up to $400 million quarterly impact from Hess deal
(BOE Report) – Chevron said on Thursday it was expecting a loss of
Nabors, Caturus launch 4-mile shale rig for ultra-high pressure drilling
(World Oil) – Caturus Energy has contracted Nabors Industries to deploy the PACE-X Ultra™ X33 rig, billed as the most powerful onshore drilling system currently operating in the U.S. The move marks a milestone in Caturus’ strategy to expand natural
Eni Sells 30% in Cote d’Ivoire oil and gas project to top trader
(Oil Price) – Eni has completed the sale of 30% in the giant operational Baleine oil and gas project offshore Cote d’Ivoire to the world’s biggest independent oil trader, Vitol, the Italian energy major said on Thursday. The Baleine project is Cote d’Ivoire’s
Chevron expects up to $400 million quarterly impact from Hess deal
(BOE Report) – Chevron said on Thursday it was expecting a loss of $200 million to $400 million in the third quarter due to the impact related to the acquisition of Hess. Chevron closed its $55 billion buyout of Hess in
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Weekly Inventories
U.S. crude oil inventories decrease by 0.6 million barrels
Weekly Crude Oil Storage as of September 19, 2025 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 0.6 million barrels from the previous week. At 414.8 million barrels, U.S. crude oil inventories are 4%
Weekly Gas Storage: Inventories increase by 75 Bcf
Natural Gas Inventories as of September 19, 2025 The EIA has released its natural gas inventory report, showing a net increase of 75 Bcf as of September 19, 2025. Working gas in storage was 3,508 Bcf as of Friday, September
U.S. rig count increased by 2 is at 539
This week’s Baker Hughes Rig Count shows that the U.S. increased by 2 last week, resulting in a total count of 539 rigs. Canada had an increase of 5 over last week, resulting in a total Canadian count of 186
