US crude inventories surge 17.4M barrels in biggest build in 3.5 years, exports slump
EIA data shows a massive 17.4 million barrel crude build versus expectations of a draw, driven by a slump in exports and softer demand, pressuring WTI prices.
Oilprice.com · +10 outlets
IEA warns oil supply crunch worsens as Hormuz closure drains global inventories
The International Energy Agency's August Oil Market Report warns that the Strait of Hormuz closure is tightening supply despite demand destruction, slashing 202
upi.com · +7 outlets
US inflation cooled in July as gas prices fell, CPI at 3.4%
Consumer price index eased slightly, giving the Fed room to maneuver, though energy costs remain elevated due to geopolitical tensions.
PBS · +14 outlets
US national average gas prices hit record high for a calendar year
Pump prices reach unprecedented levels for this time of year as the Iran conflict and Hormuz closure keep upward pressure on crude.
Washington Examiner · +14 outlets
Trump claims control of Strait of Hormuz as gas prices hit record highs
President Trump asserts US command of the strategic waterway amid ongoing Iran tensions, with Gulf bypass plans targeting 60% of Hormuz oil flows.
WPTZ · +14 outlets
Oil prices little changed as US-Iran talks deadlock offsets lower demand and big US inventory build
Crude trades sideways near $82-89 as stalled Hormuz negotiations balance against a massive US crude stock build and weakening demand signals.
Global Banking & Finance Review · +14 outlets
US on track for record natural gas production in 2026, EIA says
EIA forecasts all-time high US natural gas output despite low prices, with inventories reaching a decade high.
Gulf News · +14 outlets
Trump puts 81 million Gulf of Mexico acres up for oil and gas lease sale
The third Gulf lease sale under Trump's energy expansion plan attracts $82.7 million in high bids.
Oilprice.com · +5 outlets
OPEC crude production jumps 1.7M bpd in July
OPEC output surged in July, partly offsetting supply losses from Iran-related disruptions.
Anadolu Ajansı
Russia daily oil production almost 1M barrels below OPEC+ quota
Russia's crude output lagged its OPEC+ target by nearly 1 million bpd in July, deepening global supply tightness.
Rigzone.com · +8 outlets
EIA sees 600,000 bpd of Middle East oil still offline by end-2027 due to Hormuz closure
The Energy Information Administration projects prolonged production outages from the Strait of Hormuz disruption through next year.
Oilprice.com · +5 outlets
Ukrainian attack halts operations at key Russian Black Sea grain terminals
A massive Ukrainian drone and missile strike on Novorossiysk disrupts port operations, sending Black Sea tanker rates to a record.
Oilprice.com · +14 outlets
Refinery attacks deepen global diesel supply crunch
Ukrainian and Houthi attacks on refineries exacerbate an already tight global diesel market.
Oilprice.com · +14 outlets
Putin threatens to seize EU ships in escalation of shadow fleet fight
Russian President Putin opens a new front by threatening direct interference with European commercial shipping in retaliation for EU actions.
Oilprice.com · +14 outlets
Ukraine halts oil tanker attacks on JD Vance request
Ukrainian forces suspend drone strikes on oil tankers at Novorossiysk following a request by the US Vice President.
Oilprice.com · +14 outlets
UAE offers to shuttle Iraqi oil through Hormuz via ADNOC
Emirati state-owned ADNOC proposes using its dark-transit method to transport Iraqi crude through the Strait of Hormuz to Asian refiners.
Rigzone.com · +14 outlets
Canadian Natural Resources Q2 profit tops estimates as output climbs to 1.67M boepd
Canadian Natural Resources beats analyst estimates with adjusted profit of C$2.19 per share on strong production.
Energies Media
APA Corp Q2 earnings beat estimates on higher oil prices
APA Corporation reports better-than-expected quarterly results driven by elevated crude prices.
Zacks Investment Research · +14 outlets