Ten Permian counties account for 93% of U.S. oil production growth since 2020
(World Oil)– Between 2020 and 2024, total crude oil and lease condensate production in the United States grew by 1.9 million barrels per day (bpd), 93% of which was produced from just 10 counties
Ten Permian counties account for 93% of U.S. oil production growth since 2020
(World Oil)– Between 2020 and 2024, total crude oil and lease condensate production in the United States grew by 1.9 million barrels per day (bpd), 93% of which was produced from just 10 counties in Texas and New Mexico, according
Low oil prices force Saudi Arabia to tap more debt
(Oil Price)– Saudi Arabia’s budget deficit is growing this year as oil
Oil rises 1% ahead of OPEC+ meeting
(Investing.com)– Oil prices rose on Tuesday ahead of an upcoming OPEC+ meeting
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Low oil prices force Saudi Arabia to tap more debt
(Oil Price)– Saudi Arabia’s budget deficit is growing this year as oil prices are down from last year’s levels and well below the $90 per-barrel price the Kingdom is estimated to need to balance its budget. Brent Crude oil prices have
Oil rises 1% ahead of OPEC+ meeting
(Investing.com)– Oil prices rose on Tuesday ahead of an upcoming OPEC+ meeting on Sunday, in which analysts expect the group will not unwind remaining voluntary cuts. Brent crude was up 72 cents, or 1.06%, at $68.87 a barrel by 11:07 a.m.
Exclusive: Zephyr Energy at EnerCom Denver – The Energy Investment Conference 2025
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Weekly Inventories
U.S. crude oil inventories decrease by 2.4 million barrels
Weekly Crude Oil Storage as of August 22, 2025 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 2.4 million barrels from the previous week. At 418.3 million barrels, U.S. crude oil inventories are 6%
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
