U.S. commercial crude oil inventories rose last week, but Strategic Petroleum Reserve (SPR) draws and sharp declines in key refined products left overall oil and product stocks tighter, according to the Energy Information Administration’s (EIA) Weekly Petroleum Status Report released today for the week ending July 31, 2026. Key Inventory Highlights (Week Ending July 31, […]
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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 […]
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Energy markets are flashing warning signs as U.S. petroleum product exports remain near record highs while domestic inventories tighten amid escalating geopolitical risks in the Middle East. Veteran energy analyst Anas Alhajji (@anasalhajji) highlighted these concerns in his July 9, 2026, Daily Energy Report on X and Substack, posing a series of pointed questions that […]
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Iran’s renewed military actions in and around the Strait of Hormuz are once again disrupting global shipping and threatening the fragile recovery of oil flows through one of the world’s most critical energy chokepoints. As of late June 2026, strikes by both Iranian and U.S. forces have set back recent gains in tanker traffic, keeping […]
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The warning signs are flashing brighter than ever. What began as a major supply disruption in the Middle East has rapidly evolved into a tightening global oil market where inventories are being drawn down at a record pace — and critically, not all of those barrels are actually accessible. A new analysis from Oilprice.com highlights […]
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In a decisive response to skyrocketing oil prices triggered by the ongoing U.S.-Iran conflict, President Donald Trump has authorized the release of 172 million barrels from the Strategic Petroleum Reserve (SPR). This marks the largest drawdown under his administration and is part of a historic international effort coordinated by the International Energy Agency (IEA) to […]
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As oil prices surge past $100 per barrel amid escalating tensions in the Middle East, particularly the conflict involving Iran and disruptions in the Strait of Hormuz, the global energy market is facing unprecedented volatility. Brent crude briefly topped $110 in early March 2026, marking the first time in nearly four years that prices have […]
Continue ReadingIn an era of geopolitical tensions, supply disruptions, and shifting energy dynamics, strategic oil reserves have emerged as critical buffers for global markets. China\’s aggressive crude stockpiling strategy has played a pivotal role in stabilizing oil prices and mitigating risks from sanctions and conflicts. But how exactly has this provided a safety net? And could […]
Continue ReadingIn a surprising turn for energy markets, the latest Weekly Petroleum Status Report from the U.S. Energy Information Administration (EIA) reveals a drawdown in U.S. commercial crude oil inventories, challenging the prevailing narrative of an oil glut that has weighed on prices in recent months. For the week ending October 17, 2025, crude stocks fell […]
Continue ReadingDaily Standup Top Stories EU’s Climate Rules Have Caused a Response from the US and Qatar, Issuing Trade Threats October 22, 2025 Clark Savage In an escalating tension over global energy trade, the European Union’s push for stringent climate and sustainability regulations has drawn sharp rebukes from major LNG suppliers, the United States, and Qatar. Both […]
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