Global oil security looks shakier as conflicts hit 45 million Bpd of supply
(Oil Price) – Almost half of the world’s oil supply is produced in regions currently engaged in hot conflicts, Reuters reported this week. The situation raises questions about long-term oil supply security and the limits to diversification.
Global oil security looks shakier as conflicts hit 45 million Bpd of supply
(Oil Price) – Almost half of the world’s oil supply is produced in regions currently engaged in hot conflicts, Reuters reported this week. The situation raises questions about long-term oil supply security and the limits to diversification. The Middle East, of course, is
Ovintiv adds 240 Permian, Montney drilling locations in $460-million acquisition push
(World Oil) – Ovintiv has entered into more than 60 transactions totaling approximately $460 million so
U.S. in talks to take direct ownership of Venezuelan oil fields
(Oil Price) – The Trump administration is reportedly in active discussions with Venezuela’s
Weekly Gas Storage: Inventories increase by 15 Bcf
Natural Gas Inventories as of August 21, 2026 The EIA has released
Ovintiv adds 240 Permian, Montney drilling locations in $460-million acquisition push
(World Oil) – Ovintiv has entered into more than 60 transactions totaling approximately $460 million so far in 2026, adding about 41,000 net acres and 240 drilling locations across its Permian and Montney assets. The acquisitions are part of Ovintiv’s 2026 “ground game” program, which targets smaller transactions
U.S. in talks to take direct ownership of Venezuelan oil fields
(Oil Price) – The Trump administration is reportedly in active discussions with Venezuela’s interim government to acquire a direct U.S. ownership stake in key Venezuelan oil fields. According to senior U.S. officials cited by Axios, the talks involve equity stakes in a
Weekly Gas Storage: Inventories increase by 15 Bcf
Natural Gas Inventories as of August 21, 2026 The EIA has released its natural gas inventory report, showing a net increase of 15 Bcf as of August 21, 2026. Working gas in storage was 3,184 Bcf as of Friday, August
Company to watch
Weekly Inventories
U.S. crude oil inventories increase by 0.1 million barrels
Weekly Crude Oil Storage as of August 21, 2026 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum
Weekly Gas Storage: Inventories increase by 15 Bcf
Natural Gas Inventories as of August 21, 2026 The EIA has released its natural gas inventory report, showing a net
U.S. rig count decreased by 5, is at 588
This week’s Baker Hughes Rig Count shows that the U.S. decreased by 5 last week, resulting in a total count
