America’s oil safety net is wearing thin
(By Oil & Gas 360) – The U.S. Strategic Petroleum Reserve was created in the aftermath of the 1973 Arab oil embargo to serve one purpose: to provide the country with a buffer against
America’s oil safety net is wearing thin
(By Oil & Gas 360) – The U.S. Strategic Petroleum Reserve was created in the aftermath of the 1973 Arab oil embargo to serve one purpose: to provide the country with a buffer against severe supply disruptions. For decades, it
NOG maintains 2026 production outlook as Permian volumes recover
(World Oil) – Northern Oil and Gas (NOG) reaffirmed its 2026 production and capital
Uruguay’s offshore oil province could be bigger than Vaca Muerta
(Oil Price) – Companies are gearing up for exploration drilling in deepwater blocks
US natural gas power costs reach 17-year high on data center demand, Lazard says
(Investing) – The cost of electricity from natural gas power plants in the
NOG maintains 2026 production outlook as Permian volumes recover
(World Oil) – Northern Oil and Gas (NOG) reaffirmed its 2026 production and capital expenditure guidance Monday after reporting improving production conditions in the Permian basin, continued acquisition activity and the closing of its previously announced Duvernay joint development transaction. During the
Uruguay’s offshore oil province could be bigger than Vaca Muerta
(Oil Price) – Companies are gearing up for exploration drilling in deepwater blocks offshore Uruguay in the hope that the South Atlantic margin offshore South America could hold a lot of oil, similar to the recent discoveries offshore Namibia in Africa.
US natural gas power costs reach 17-year high on data center demand, Lazard says
(Investing) – The cost of electricity from natural gas power plants in the United States reached its highest point in at least 17 years, according to data released Monday by Lazard Inc. The levelized cost of energy for combined cycle gas
Company to watch
Weekly Inventories
U.S. crude oil inventories increase by 3.0 million barrels
Weekly Crude Oil Storage as of July 3, 2026 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum
Weekly Gas Storage: Inventories increase by 61 Bcf
Natural Gas Inventories as of July 3, 2026 The EIA has released its natural gas inventory report, showing a net
U.S. rig count increased by 7, is at 580
This week’s Baker Hughes Rig Count shows that the U.S. increased by 7 last week, resulting in a total count
