Crude oil inventories in the United States saw an increase of 2.0 million barrels during the week ending July 17, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The increase brings commercial stockpiles to 411.7 million barrels, according to government data, which are now 6% below the five-year average...Continue Reading

Europe Heads Into Winter With Its Weakest Gas Cushion In 15 Years | OilPrice.com Michael Kern What I Cover My focus spans the global energy landscape and the technologies reshaping it, specifically focusing on oil and gas, renewables, and tech-driven market… More Info Related News By Michael Kern – Jul 22, 2026, 9:30 AM CDT...Continue Reading

Velesto Energy has secured a $51 million integrated rig, drilling and completion (i-RDC) services contract from Chevron Malaysia to support the 2026–2028 North Malay Basin Full Field Development campaign using the NAGA 8 jackup rig offshore Malaysia. SourceContinue Reading

Capstone Energy+ will supply a C600S microturbine to Maurel & Prom’s onshore asset in Gabon, converting recovered associated gas into on-site power under a 36-month Energy-as-a-Service lease while supporting flare gas reduction and remote oilfield operations. SourceContinue Reading

The Hormuz Crisis Is Driving a Geopolitical Shift Across Asia | OilPrice.com RFE/RL staff RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many… More Info Premium Content By RFE/RL staff – Jul 22, 2026, 9:00 AM CDT Rising tensions...Continue Reading

TGS has launched Phase 2 of its Orphan Basin 3D seismic reprocessing project offshore Newfoundland and Labrador, applying advanced depth imaging technologies to enhance prospect evaluation across 13,300 km² of one of Canada’s most prospective offshore exploration regions. SourceContinue Reading

Halliburton has secured a long-term agreement with Kuwait Oil Company to help develop the Ahmadi Innovation Valley, an upstream R&D center focused on AI, digital technologies and solutions for brownfield, greenfield and unconventional oil and gas assets. SourceContinue Reading

Iran War Escalation Threatens Global Fuel Supply Recovery | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jul 22, 2026, 8:30 AM CDT Asian refiners that had bet on a flood of crude supply from the Middle East in August are now faced with potential delays...Continue Reading

Afreximbank has approved a $200 million financing facility to support Shoreline Power Company and Arkad SpA’s participation in the $980 million Hassi Bir Rekaiz Phase 2a field development project in Algeria, which is expected to increase production to as much as 60,000 bopd. SourceContinue Reading

Pakistan Scrambles for Oil Alternatives as Hormuz, Red Sea Risks Mount | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jul 22, 2026, 7:30 AM CDT Pakistan’s refiners are inquiring traders about potential crude oil supply from the U.S., Nigeria, Singapore, and central Asia, amid the...Continue Reading