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Thu. Oct 29th, 2026
Trending News: Equinor Raises Oil and Gas Output Forecast as Operating Profit DoublesPetroChina Q3 Profit Jumps to $7.78 BillionBahri Profit Hits $1.36 Billion as the World Scrambles for TankersQatarEnergy Extends LNG Force Majeure to End of 2026China’s Refiners Turn to Africa and Brazil Crude as Freight Rates EaseErreDue to supply two PEM electrolysers to jewellery firmBiomethane ‘left behind’ in UK Budget, says trade associationUK-Taiwan launch CCUS partnershipUK Budget cuts carbon capture grants as Acorn faces funding uncertaintyEquinor Profits Triple as Oil and Gas Prices SurgeChina’s Wind and Solar Power Capacity Surpasses 2 TerawattsIndia’s Gasoline Demand Could Peak by 2035 as EVs Gain GroundUK biotech firm acquires five biogas upgrading units from Air LiquideSIA signs three-year SAF offtake deal with Aether Fuels in SingaporeSIA signs three-year SAF offtake deal with Aether Fuels in SingaporeVideo | Predictably unpredictable: the geopolitics shaping helium’s futureSenvion India Secures 54.6 MW Wind Order From Prozeal Green In GujaratVeolia wins CO2 purification contract for UK carbon capture projectOil Prices Climb as Houthi Attacks Reignite Saudi Supply FearsSanctioned Oil Tankers Find a Lucrative New Trade in the Persian GulfOil Traders Brace for Iran Escalation After U.S. ElectionsEnergy on Edge Ahead of USA MidtermsWaaree Renewable Technologies Secures 450 MWp Solar EPC Order For FY2027–28 CompletionMecpower Solutions And Navitas Solar To Establish 5 GWh BESS Manufacturing Facility In GujaratSOL Group expands presence in Poland with home care acquisitionIndian Green Energy Stocks See Mixed Trading as Sensex Falls 0.5% on October 28Masdar Raises US$600 Million in Global Record AA-Rated Blue Bond for Offshore Wind ProjectsRussia’s Crude Exports Set to Fall as Diesel Production RisesUS Crude Oil Inventories Buck Analyst ExpectationsSaudi Aramco Offers Discounted Oil to Europe as Exports RecoverHyundai Engineering agrees to cooperate with US SMR developersTogo signs nuclear energy MoU with RosatomNuclear is Ethiopia’s next chapter, PM saysUS government loan to support Constellation upratesOPEC+ Set to Keep Oil Quotas Unchanged18.4 TW by 2035: IRENA Raises Renewables Goal as Power Demand ClimbsDiesel Drives India’s Fuel Export Windfall as Earnings Reach $12.6 BillionRas Tanura Fire Follows Attacks on Aramco Offices and Near Shaybah FieldInvestors From 119 Countries Pile Into Dangote’s Record Refinery IPOAM Green to supply Japan with green ammonia under five-year dealIs Something Else Influencing the Value of Oil?Homecare: Bringing respiratory care closer to the patientTaking the pulse in medical gasesQatarEnergy extends LNG force majeure on Edison cargoes to end-DecemberVideo | Too early for a post-mortem: the 2026 helium shortageIEA Warns of Dangerous Concentration in Global Clean Energy Supply ChainsTrump Moves to Ease Methane Regulations for U.S. Oil ProducersIndia Rejects Claims of U.S. Pressure Over Russian Oil PurchasesPower infrastructure is a key constraint on scaling new US helium productionVikram Solar Secures 289.87 MWp Module Supply Order from NLC India for Rajasthan Solar ProjectZetwerk Completes Power Transformer Installation in North Carolina, Strengthening Its Presence in US Energy InfrastructureEgypt Votes to Defend Saudi Arabia, Risking Houthi FireOil Prices Drop Despite Threat of New U.S. Strikes on IranIndia’s Oil Buyers Squeezed by $123 Crude and Weak RupeeRig Sinks Offshore GabonRenewable Energy Stocks Surge Up to 10% as Indian Benchmark Indices Remain Flat (27 October 2026)TAQA Raises $1.75 Billion Through Green and Conventional Bond IssuanceInfinity Power and HAU Energy Secure $566 Million for 1.2 GWp Solar Project in EgyptAir Products names new group presidents for Americas, EMEA and AsiaBajel Projects Secures Orders For Mumbai Substations And Gujarat Transmission LinesHelix advances Montana helium drilling programmePhilippines Inaugurates ₱98.6 Million Solar Irrigation Project to Support 600 Hectares of FarmlandOcean Power Technologies and Stratum Holdings Explore Renewable-Powered Offshore Data CentersSunHydrogen Secures 19.9% Stake In NewHydrogen To Expand Clean Hydrogen TechnologiesCGA launches new semiconductor gas standards librarySungrow And ENGIE Advance 150 MW/300 MWh Hazelwood Battery Storage Project In AustraliaRussian Refiners Ramp Up Diesel Output to Supply Trump DealEQT Bets on Record U.S. Gas Demand With $50 Billion Range TakeoverAramco Closes In on $10B LoanAI-Driven Energy Storage Will Shape India’s Smart Energy Future: Abhilash Borana, CEO, Sigenergy IndiaAPTEL Upholds Delay Damages For 2 MW Solar Project, Remands INR 8.40 Tariff Dispute To KERCSAMSUNG SDI Secures 1 GWh US Energy Storage Supply Deal With Alpha Omega PowerZetwerk Completes US Power Transformer Installation Amid Rising Grid DemandGujarat Offers Additional Subsidy For Rooftop Solar Systems Up To 2.18 kWp Under PM Surya Ghar SchemeCERC Approves 448 MW FDRE Tariffs at INR 4.82–₹4.91 Per Unit For Round-the-Clock Renewable PowerCERC Grants 100% ISTS Charge Waiver For 174.9 MW Gujarat Hybrid ProjectCERC Denies Special ISTS Charge Waiver For 778.8 MW Wind And Solar Projects In Karnataka And MaharashtraKorea’s Kori 3 and 4 set for restarts in 2027Cross-party interest in Australian nuclear future, poll suggestsSingapore looks to develop nuclear energy expertiseTotalEnergies completes $800 million sale of Renaissance JV oil interest in Nigeria to VaarisNVIDIA to consider data centres at former German nuclear sitesHouthis Claim Attacks on Saudi Arabia’s East-West Oil PipelineSaudi Oil Output Jumps 12.2% to 8 Million Bpd in SeptemberIEA’s Birol: Energy Prices Won’t Return to Pre-War Levels in 2027India’s BPCL to Cut Russian Oil Imports Due to Higher PricesRenergen completes commissioning of South African helium projectRenergen completes commissioning of South African helium projectFuture Biogas acquires full ownership of six AD plantsFuture Biogas acquires full ownership of six AD plantsFuture Biogas acquires full ownership of six AD plantsIndia’s Stock Market Feels the Heat From High Oil PricesEurope’s Natural Gas Prices Soar to Four-Year High as Winter LoomsU.S. Army Says It Has Helped 1.5 Billion Barrels of Oil Out of HormuzEIA Edges 2026 USA Oil Output Forecast Closer to 14MM BpdMasdar To Acquire 550+ MW Solar Project In Greece, Plans Battery Storage IntegrationTata Capital Cleantech Commits INR 750 Crore To 350 MW Hybrid Renewable Project With 750 MWh BESS In MaharashtraNuada secures €14.6m EU backing for biogenic liquid CO2 project in FranceIndian Stock Market Gains 0.66% As Renewable Energy Stocks Show Mixed Performance (26 October 2026)U.S. Dips Into Strategic Oil Reserve Again Amid Supply Disruptions
Thu. Oct 29th, 2026

US Draws Down Record Volumes of Crude Oil From Stocks, EIA Says

oil storage tanks in crockett, california 1200x810

(Reuters) – The United States withdrew 17.8 million barrels of crude oil from its inventories, the highest on record, the Energy Information Administration said on Wednesday, as the Iran war has cut global supplies and raised demand for U.S. crude and products.

The country’s stock of oil fell to 819.2 million barrels as of May 15, the lowest in 11 months, data showed.

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Commercial stocks drew down by about 7.86 million barrels, while the country’s strategic stockpile eased by a record 9.9 million barrels.

Refining runs and exports of U.S. crude remained high. Exports of crude stood at around 5.6 million barrels per day, the second-highest on record, as lower Middle East supplies to Asia and Europe have pushed refiners in the regions to snap up U.S. barrels.

While refinery crude runs fell by 80,000 bpd in the week, utilization rates stayed high at 91.6% as demand for gasoline and jet fuel remained high.

Reporting by Arathy Somasekhar in Houston, Siddharth Cavale and Shariq Khan in New York Editing by Matthew Lewis

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