EIA: US Crude Oil Inventories Continue to Fall
By Julianne Geiger – May 06, 2026, 9:42 AM CDT Crude oil inventories in the United States decreased…
Venezuela’s Oil Rebound Shows Why the Petrodollar Is a Logistics System
Venezuela’s oil is moving again. That does not mean Venezuela’s oil industry has been rebuilt. It means something…
Hormuz Deadlock Persists as Trump Faces War-Powers Deadline at Home
Two months after the Iran war began, the Strait of Hormuz remains severely restricted for tanker traffic while…
Syria Still Leans on Russia for Oil Supply
Russia remains Syria’s top oil supplier and has even boosted its sales so far this year despite the…
Net Crude Supply Loss is 9 Million Bpd Despite Surge in Atlantic Exports: Vortexa
The Strait of Hormuz blockade has removed roughly 9 million barrels per day of crude supply from the…
The Oil Supply Shock Will Scar the World for Years
The Middle East’s oil production and the global economy will take months and even years to recover from…
Europe Emerges As Key Buyer Of U.S. Strategic Petroleum Reserve Oil
Last month, the International Energy Agency (IEA) announced the coordinated release of over 400 million barrels of oil…
US indicated it would not ease Russian oil sanctions again, EU’s Sefcovic says
WASHINGTON: European Trade Commissioner Maros Sefcovic on Friday said he raised concerns about the recent U.S. easing of…
California’s jet fuel stockpile hits two-year low as war strangles oil supplies
As the war in Iran strangles the flow of oil around the globe, California’s jet fuel reservoirs are…
EU toolbox to curb energy prices, support for all 27 member states, KNEWS
Brussels is preparing action on four fronts, working closely with Berlin and Paris, with the goal of keeping…
Slovakia’s Stance on EU Sanctions Amid Druzhba Pipeline Dispute
In a significant diplomatic move, Slovakia has announced its intent to block the European Union’s new set…
Norway Risks Leaving 700 million Barrels Behind as Time Runs Out
Norway could unlock volumes comparable to the Johan Sverdrup field from its existing oil and gas assets—but only…