SLB partners with Cactus to advance autonomous drilling solutions
(World Oil) – SLB has announced a strategic collaboration agreement with Cactus Drilling, the largest privately held land drilling contractor in the U.S., to expand the adoption of automated and autonomous drilling solutions. The collaboration
SLB partners with Cactus to advance autonomous drilling solutions
(World Oil) – SLB has announced a strategic collaboration agreement with Cactus Drilling, the largest privately held land drilling contractor in the U.S., to expand the adoption of automated and autonomous drilling solutions. The collaboration aims to deliver optimized performance through
Alberta expects private proposal for a new oil pipeline to B.C.
(Oil Price) – Alberta could receive within weeks a proposal from a private
Review of fossil fuel subsidies stalls as Argentina ceased communication with Canada
(BOE Report) – OTTAWA – A peer review of fossil fuel subsidies between
Oil prices fall 5% as Israel-Iran ceasefire reduces Middle East supply risk
(Investing) – NEW YORK – Oil prices fell about 5% to a two-week
Alberta expects private proposal for a new oil pipeline to B.C.
(Oil Price) – Alberta could receive within weeks a proposal from a private company for a new pipeline from the oil-rich province to British Columbia’s northwest coast, Alberta Premier Danielle Smith told Bloomberg News in an interview published on Tuesday. A new pipeline
Review of fossil fuel subsidies stalls as Argentina ceased communication with Canada
(BOE Report) – OTTAWA – A peer review of fossil fuel subsidies between Canada and Argentina — already years behind schedule — stalled after Argentina ceased communication following its 2023 election and subsequent change in government. The review was first launched
Oil prices fall 5% as Israel-Iran ceasefire reduces Middle East supply risk
(Investing) – NEW YORK – Oil prices fell about 5% to a two-week low on Tuesday on expectations the ceasefire between Israel and Iran will reduce the risk of oil supply disruptions in the Middle East. That ceasefire, however, was on
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Weekly Inventories
U.S. crude oil inventories decrease by 11.5 million barrels
Weekly Crude Oil Storage as of June 13, 2025 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 11.5 million barrels from the previous week. At 420.9 million barrels, U.S. crude oil inventories are 10%
Weekly Gas Storage: Inventories increase by 95 Bcf
Natural Gas Inventories as of June 13, 2025 The EIA has released its natural gas inventory report, showing a net increase of 95 Bcf as of June 13, 2025. Working gas in storage was 2,802 Bcf as of Friday, June
U.S. rig count decreased by 1 is at 554
This week’s Baker Hughes Rig Count shows that the U.S. decreased by 1 over last week, resulting in a total count of 554 rigs. Canada had an increase of 1 over last week, resulting in a total Canadian count of
