The U.S. Energy Information Administration (EIA) reported a surprise and historically large build in commercial crude oil inventories for the week ending August 7, 2026. Commercial stocks (excluding the Strategic Petroleum Reserve) rose by 17.4 million barrels to 424.4 million barrels—the largest weekly increase since January 2023 and well above analyst expectations of a draw […]
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Crude oil inventories held at storage facilities in Cushing, Oklahoma, fell below 20 million barrels during the week ending June 19 until the week ending July 10, according to our Weekly Petroleum Status Report. Storage facilities for crude oil and petroleum products require a minimum volume of product in their tanks and pipe infrastructure to remain […]
Continue ReadingThe Loan is a great thing for consumers and the United States It is interesting to see the backlash on the people not supporting the loan to get a nuclear reactor back online, when it is a great business loan. The US Government will make money, while the consumers will be insulated from prices at […]
Continue ReadingThe U.S. Energy Information Administration (EIA) has once again shaken up the energy markets with its latest Weekly Petroleum Status Report, revealing an unexpected drawdown in crude oil inventories for the week ending November 14, 2025. This surprise dip comes amid fluctuating global demand signals and ongoing geopolitical tensions, providing fresh insights into the state […]
Continue ReadingWith a price tag of a total $100 billion, the Jafurah development is described as the largest unconventional gas development outside the United States. Investors in Saudi Aramco’s Jafurah natural gas project have approached a group of lenders to secure $10.3 billion in funding for the project. According to Reuters, BlackRock, via Global Infrastructure Partners, […]
Continue ReadingDaily Standup Top Stories The True Cost of Renewable Energy and the Impact on Consumers\’ Electrical Bills What does the EU, UK and ERCOT have in common? Stu Turley Climate change supporters and their media try to hit Net Zero by 2050, but at what cost – Doug Sheridan August 26, 2025 Clark Savage ENB Pub […]
Continue ReadingData source: U.S. Energy Information Administration analysis based on Global Trade Tracker, Argus, and Vortexa Note: Data for 2025 are preliminary. 1H25=first half of 2025. figure data From 2020 to 2024, crude oil and condensate exports from Russia averaged 5.0 million barrels per day (b/d). Exports from Russia in the first half of 2025 (1H25) were 4.3 million b/d (compared […]
Continue ReadingDaily Standup Top Stories What Would Happen to the Oil Market if Israel Targeted Iran’s Nuclear Sites or Oil Export Infrastructure? June 10, 2025 Clark Savage The escalating tensions between Israel and Iran have long been a geopolitical flashpoint, with implications that ripple across global energy markets. Recent speculation about Israel potentially targeting Iran’s nuclear facilities […]
Continue ReadingAs summer 2025 approaches, the United States faces a tightening oil supply, raising concerns about potential spikes in gasoline prices during the peak driving season. With U.S. crude inventories dropping, refinery constraints mounting, and global oil dynamics shifting, drivers may feel the pinch at the pump. Let’s dive into the factors driving this supply squeeze […]
Continue ReadingWeekly Daily Standup Top Stories Britain’s Plan to Retrain Oil and Gas Workers for Clean Energy Jobs May 18, 2025 Clark Savage ENB Pub Note: The following is an interesting article from Felicity Bradstock on Oilprice.com. Britain’s plan to create thousands of clean energy jobs for the oil and gas workers is an example of what […]
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