U.S. Crude Inventories Fell Again: The latest EIA report confirmed that U.S. crude oil inventories fell again last week. This is a closely watched metric, and another consecutive drop continues to point towards a domestic market where demand is outpacing supply.
A Clear Signal of Tightening U.S. Supply: The direct implication of the inventory drawdown is that the U.S. supply situation is tightening as we head into the later part of summer. For the market, this is a classic bullish signal that typically provides strong support for crude oil prices.
U.S. Imposes 50% Tariffs on India Over Russian Oil: In a major geopolitical development, the Trump administration has imposed 50% tariffs on Indian imports, directly citing India’s continued purchases of discounted Russian oil. This move significantly escalates trade tensions and could create new volatility in global energy markets.
Argentina is Emerging as a Global Shale Powerhouse: A major story to watch is the emergence of Argentina, which is being driven by its massive Vaca Muerta shale play. To put it in perspective, the Vaca Muerta is the world's second-largest shale gas reserve, which is why Argentina is now on track to become a major new force in global energy supply.
Argentina is on Track to Become a Top LNG Exporter: Building on that Vaca Muerta potential, experts are now forecasting that Argentina will become a top-five global LNG exporter by 2030. This is a huge development for the global gas market, as it introduces a major new supplier from the Southern Hemisphere that could help meet surging international demand.
New Assessment Confirms Untapped Potential in the Rockies: Back in the U.S., the Geological Survey just released a new assessment for the Phosphoria Basin in Wyoming and Colorado. Early estimates confirm there are significant untapped oil and gas reserves in the region, reinforcing the strategic importance of federal lands for future U.S. production.