Trump finalizes rollback of Arctic drilling restrictions
(World Oil) – The Trump administration rescinded restrictions on oil drilling in Alaska’s mammoth state petroleum reserve, reversing a move by former President Joe Biden that put limits on an area holding an estimated
Trump finalizes rollback of Arctic drilling restrictions
(World Oil) – The Trump administration rescinded restrictions on oil drilling in Alaska’s mammoth state petroleum reserve, reversing a move by former President Joe Biden that put limits on an area holding an estimated 8.7 billion barrels. The policy reversal
Activist investor Kimmeridge takes stake in US energy producer Devon
(Investing) – NEW YORK -Activist investment firm Kimmeridge Energy Management has taken a stake
Frontera to create standalone upstream company through Colombian infrastructure spin-off
(World Oil) – Frontera Energy Corp. plans to separate its Colombian infrastructure assets
Iran seizes oil tanker in Gulf of Oman
(Oil Price) – Iran seized on Friday an oil tanker en route to
Activist investor Kimmeridge takes stake in US energy producer Devon
(Investing) – NEW YORK -Activist investment firm Kimmeridge Energy Management has taken a stake in U.S. shale producer Devon Energy, according to a stock market filing released on Friday. THE DETAILS Kimmeridge owned 5.66 million shares in Devon as of the end of
Frontera to create standalone upstream company through Colombian infrastructure spin-off
(World Oil) – Frontera Energy Corp. plans to separate its Colombian infrastructure assets into a new independent company—Frontera Infrastructure—leaving Frontera Exploration & Production (E&P) as a focused, pure-play upstream operator. The restructuring, announced Nov. 13, is designed to unlock value from
Iran seizes oil tanker in Gulf of Oman
(Oil Price) – Iran seized on Friday an oil tanker en route to Singapore after it passed the critical Strait of Hormuz in the Middle East in the first major escalation of the tensions in the region since the Iran-Israel war
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Weekly Inventories
U.S. crude oil inventories increase by 6.4 million barrels
Weekly Crude Oil Storage as of November 7, 2025 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 6.4 million barrels from the previous week. At 427.6 million barrels, U.S. crude oil inventories are 4%
Weekly Gas Storage: Inventories increase by 45 Bcf
Natural Gas Inventories as of November 7, 2025 The EIA has released its natural gas inventory report, showing a net increase of 45 Bcf as of November 7, 2025. Working gas in storage was 3,960 Bcf as of Friday, November
U.S. rig count increased by 1 is at 549
This week’s Baker Hughes Rig Count shows that the U.S. increased by 1 last week, resulting in a total count of 549 rigs. Canada had a decrease of 3 over last week, resulting in a total Canadian count of 188
