Category: Crude Oil News

Enhanced Recovery Techniques in Oil and Gas: The Game Changer for a Global Energy Security Renaissance

Clark Savage368

In an era of geopolitical uncertainty, maturing conventional fields, and rising global energy demand, the oil and gas industry stands at the threshold of a profound renaissance in energy security. The key? Enhanced recovery techniques—often called tertiary or enhanced oil recovery (EOR)—that unlock vast volumes of oil already discovered but left behind in existing reservoirs. […]

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‘The damage in certain countries is far worse than let on’: Nuttall on the state of oil

Clark Savage956

In a timely BNN Bloomberg interview today, Eric Nuttall, Partner and Senior Portfolio Manager at Ninepoint Partners (manager of one of Canada’s largest energy funds), delivered a candid assessment of the global oil market following more than three months of conflict involving the U.S., Israel, and Iran. Nuttall emphasized that while news of an interim […]

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Ukraine’s New Refinery Tactic Is Fueling Russia’s Gasoline Crisis

Clark Savage424

Ukraine has shifted from broadly targeting refineries to striking specialized secondary processing units such as hydrocrackers, which are more difficult and time-consuming to replace. Repeated attacks on the same facilities are extending outages and reducing Russia’s ability to restore refining capacity quickly. Fuel shortages, export restrictions, and declining diesel output suggest a growing strain on […]

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Pakistan PM Announces US-Iran Peace Deal Reached; Official Signing Set for Next Friday (June 19) in Switzerland – Major Implications for Strait of Hormuz Reopening and Global Energy Markets

Clark Savage581

We have been here 39 times before; maybe 40 will hold. In a significant development for global energy security, Pakistani Prime Minister Shehbaz Sharif announced today that a peace deal between the United States and Iran has been reached following intensive mediation efforts. The official signing ceremony is scheduled for Friday, June 19, 2026, in […]

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Iran Pushes Differing Deal Versions as US Sticks to Timeline — And Now Iran Closes Their Airspace

Clark Savage1121

As of Sunday, June 14, 2026, the Middle East stands at a dangerous inflection point. Iran appears to be preparing for potential direct retaliation against Israel — including by restricting airspace in western regions and suspending flights to key western airports — following Israeli strikes on Hezbollah targets in Beirut’s Dahiyeh suburb. At the same […]

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US Cushing Oil Supplies Near Operational Bottom

Clark Savage2928

Cushing, Oklahoma — the critical delivery hub for West Texas Intermediate (WTI) crude oil futures — is rapidly approaching operational limits as inventories continue their steep decline amid global supply disruptions. Latest EIA Data: Sharp and Sustained Drawdowns According to the U.S. Energy Information Administration (EIA), commercial crude oil stocks at Cushing stood at 21.64 […]

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US Oil Levels Down Again This Week: Inventories Tighten Amid Geopolitical Strain and Looming Futures Rollover

Clark Savage2920

U.S. commercial crude oil inventories fell for the seventh consecutive week, according to the latest U.S. Energy Information Administration (EIA) Weekly Petroleum Status Report for the week ending June 5, 2026. Commercial crude stocks (excluding the Strategic Petroleum Reserve) dropped by 7.2 million barrels to 426.5 million barrels — now about 5% below the five-year […]

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