Crude Oil Archives - Page 3 of 55

Energy News Beat Weekly Rig Count Comparison: Enverus, WellDatabase, and Baker Hughes — Inventories Tighten as Permian Leads Activity

October 11, 2026 Clark Savage561

As of mid-October 2026, U.S. drilling activity is firming. Baker Hughes reported its closely watched weekly rotary rig count at 603 for the week ending October 9 (up 5 week-over-week and up 56 year-over-year). WellDatabase’s operator-level U.S. Operator Rig Report dated 10.11.2026 showed 606 total rigs (down 5 week-over-week but up 32 year-over-year). Enverus’ daily […]

Should the Trump Administration Use the Defense Production Act to Expand Refineries and Pipelines?

October 11, 2026October 11, 2026 Clark Savage575

The President signed the refining authority in April, and $1 billion has moved to the Energy Department. But ENB found no refinery award; most of the law expires Dec. 11, and the first big new refinery since 1977 is not due until 2028-29. The barrels that could come fastest are restarts and a wider shipping […]

Hormuz Shuffle – Energy News Beat Stand Up

October 9, 2026October 10, 2026 Clark Savage564

Nine huge stories from the Energy News Beat Team – Buckle Up This was our second Live feed to Substack, and as we try to grow here, we want to hear from you: what is important, and what we can do better. I am still on a small high this week as we have been […]

Hormuz Traffic Sinks and Saudi Oil Comes Under Fire: How Many Escape Routes Are Left?

October 9, 2026 Clark Savage730

Crude moving through the Strait of Hormuz fell 27% in a week, to at least 10.1 million barrels a day, as tanker attacks picked up and Yemen’s Houthis warned everyone who works at a Saudi oil site. Here is what has actually been hit, what is only claimed, and how much oil can still get […]

Hurricane Isaias Update: Track Stays East of the Big Louisiana Refineries, but Diesel and Florida Fuel Remain at Risk

October 9, 2026October 9, 2026 Clark Savage727

Isaias had 110 mph winds at 7 a.m. CDT Friday, on the cusp of major-hurricane strength, and is expected to come ashore between Mississippi and the Florida Panhandle tonight or early Saturday. It has already shut in 62.9% of Gulf oil output. Here is what the next one to three weeks could mean at the […]

Devon’s Coterra Bet Faces the Portfolio Test

October 9, 2026October 9, 2026 Clark Savage554

After the $58 billion Coterra merger, a $4.2 billion South Texas sale buys time—not a full reset—in a $90-plus oil market. Hat tip to Reese Energy Consulting and Steve Reese for highlighting this, and we will be covering this on a podcast with him soon. Devon Energy’s February all-stock combination with Coterra Energy closed in […]

How Many Canadian Jobs Will Be Lost When Carney Signs the EU Trade Deal?

October 9, 2026 Clark Savage698

Prime Minister Mark Carney is moving ahead with a new Canada-EU “alliance” to be launched at the Canada-EU summit in Montreal on October 29-30, 2026. In an October 8 appearance in Sherbrooke, Quebec, he framed the step as advancing the relationship European Commission President Ursula von der Leyen floated on September 16—Canada as the EU’s […]

India Hits Seven-Year High in Venezuelan Crude as Reliance Loads Up Jamnagar

October 8, 2026October 8, 2026 Clark Savage603

India Hits Seven-Year High in Venezuelan Crude as Reliance Loads Up Jamnagar October flows could top 465,000 b/d—the strongest since 2019—while India’s decade-long import reshuffle and its No. 2 global refined-product export role show how discounted heavy barrels still clear through the world’s most complex refineries. India’s Venezuelan crude imports are on track for a […]

Nearly $1,700 to Fill the Tank: The Heating Oil Shock Hits Northeast Kitchen Tables

October 8, 2026October 8, 2026 Clark Savage842

Heating oil opened the season at $6.04 a gallon, a record in EIA’s weekly data and 70% above last fall. The government expects oil-heated homes to spend 21% more this winter; the state energy-aid directors say closer to 50%. What is driving it, who gets hit hardest, where to find help, and what could still […]

Tanker Rates Are Redefining Oil Distribution Routes

October 8, 2026October 8, 2026 Clark Savage604

Supertankers are racing into the Persian Gulf for record fees, and that single migration is redrawing how crude moves. More than 40 percent of the world’s roughly 850 very large crude carriers are now inside the Gulf or within a couple of days’ sail of it, according to Signal Ocean data cited by Bloomberg. Empty […]

Category: Crude Oil

Energy News Beat Weekly Rig Count Comparison: Enverus, WellDatabase, and Baker Hughes — Inventories Tighten as Permian Leads Activity

Should the Trump Administration Use the Defense Production Act to Expand Refineries and Pipelines?

Hormuz Shuffle – Energy News Beat Stand Up

Hormuz Traffic Sinks and Saudi Oil Comes Under Fire: How Many Escape Routes Are Left?

Hurricane Isaias Update: Track Stays East of the Big Louisiana Refineries, but Diesel and Florida Fuel Remain at Risk

Devon’s Coterra Bet Faces the Portfolio Test

How Many Canadian Jobs Will Be Lost When Carney Signs the EU Trade Deal?

India Hits Seven-Year High in Venezuelan Crude as Reliance Loads Up Jamnagar

Nearly $1,700 to Fill the Tank: The Heating Oil Shock Hits Northeast Kitchen Tables

Tanker Rates Are Redefining Oil Distribution Routes

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