U.S. refiners are operating near full tilt, with utilization rates holding above 96% amid record refining margins, a global diesel squeeze, and disruptions from Russian refinery outages and Middle East tensions. The latest U.S. Energy Information Administration (EIA) Weekly Petroleum Status Report for the week ending July 17, 2026, shows U.S. refineries running at 96.1% […]
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Crude oil inventories held at storage facilities in Cushing, Oklahoma, fell below 20 million barrels during the week ending June 19 until the week ending July 10, according to our Weekly Petroleum Status Report. Storage facilities for crude oil and petroleum products require a minimum volume of product in their tanks and pipe infrastructure to remain […]
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The U.S. Energy Information Administration (EIA) released its latest Weekly Petroleum Status Report on June 3, 2026, covering data for the week ending May 29, 2026. The report reveals a significant tightening in U.S. petroleum inventories, with a massive combined draw in commercial crude oil and Strategic Petroleum Reserve (SPR) stocks. Analyst Ole S. Hansen […]
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The United States has stepped into an extraordinary role amid the 2026 Iran conflict and disruptions in the Strait of Hormuz: the world’s primary swing supplier of crude oil and refined products. Record exports are helping offset massive global supply shortfalls, but this “filling station” status comes with clear limits—depleting strategic reserves, tightening domestic inventories, […]
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The global oil market is facing its most severe supply shock in years. Ongoing disruptions in the Middle East—driven by conflict and the effective closure of the Strait of Hormuz—have slashed exports by more than 13 million barrels per day (mb/d), triggered massive production shut-ins, and sent inventories plunging. According to the International Energy Agency’s […]
Continue ReadingThe Loan is a great thing for consumers and the United States It is interesting to see the backlash on the people not supporting the loan to get a nuclear reactor back online, when it is a great business loan. The US Government will make money, while the consumers will be insulated from prices at […]
Continue ReadingThe U.S. Energy Information Administration (EIA) has once again shaken up the energy markets with its latest Weekly Petroleum Status Report, revealing an unexpected drawdown in crude oil inventories for the week ending November 14, 2025. This surprise dip comes amid fluctuating global demand signals and ongoing geopolitical tensions, providing fresh insights into the state […]
Continue ReadingWith a price tag of a total $100 billion, the Jafurah development is described as the largest unconventional gas development outside the United States. Investors in Saudi Aramco’s Jafurah natural gas project have approached a group of lenders to secure $10.3 billion in funding for the project. According to Reuters, BlackRock, via Global Infrastructure Partners, […]
Continue ReadingDaily Standup Top Stories The True Cost of Renewable Energy and the Impact on Consumers\’ Electrical Bills What does the EU, UK and ERCOT have in common? Stu Turley Climate change supporters and their media try to hit Net Zero by 2050, but at what cost – Doug Sheridan August 26, 2025 Clark Savage ENB Pub […]
Continue ReadingData source: U.S. Energy Information Administration analysis based on Global Trade Tracker, Argus, and Vortexa Note: Data for 2025 are preliminary. 1H25=first half of 2025. figure data From 2020 to 2024, crude oil and condensate exports from Russia averaged 5.0 million barrels per day (b/d). Exports from Russia in the first half of 2025 (1H25) were 4.3 million b/d (compared […]
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