OilPrice

AUGUST 2, 2025

I’ve been following the oil market closely this year—daily, even hourly at times—and if there’s one thing I can say with confidence, it’s that the surface-level calm belies several meaningful shifts that are underway. To fully grasp those shifts, and the long-term direction of oil prices and markets, one needs to look at some of the big-picture changes taking place.

Oil

Oil Gas Leads

AUGUST 2, 2025

ExxonMobil’s Q2 2025 results highlighted the critical role that its U.S. drilling operations — especially in the Permian Basin — continue to play in driving earnings, capital efficiency, and shareholder returns. Despite a dip in commodity prices, Exxon delivered resilient performance supported by record production volumes, structural cost reductions, and targeted capital deployment.

Basin

OilPrice

AUGUST 2, 2025

As the world becomes more reliant on variable renewable energies, energy storage is becoming an increasingly essential pillar of energy security. Currently, energy storage is dominated by lithium-ion batteries, but these hold energy for a matter of hours, when maintaining grid stability in a 100% renewable scenario will require energy storage technologies that can hold onto energy for a matter of months, if not longer.

Energy

CNBC: Energy

AUGUST 2, 2025

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Utilities

OilPrice

AUGUST 2, 2025

Russian energy entities are experiencing financing woes, raising questions about whether Rosatom, Russia’s nuclear energy agency, will be able to fulfill its obligations to build Kazakhstan’s first atomic power plant. Already, financing troubles have caused another Russian state-controlled firm, Inter RAO, to lose out on constructing three thermal power plants in Kazakhstan.

Finance

BOE Report

AUGUST 2, 2025

Indian officials have said they would keep purchasing oil from Russia despite the threat of penalties that U.S. President Donald Trump said he would impose, the New York Times reported on Saturday. Reuters could not immediately verify the report.

Oil

Rigzone

AUGUST 2, 2025

'The quality and clarity of the merged dataset enables Carnarvon to confidently assist with finalizing our drilling target for the proposed 2026 drilling campaign'.

Completion

OilPrice

AUGUST 2, 2025

United States President Donald Trump aims to develop the country’s seabed mining industry to access a supply of critical minerals, which are vitally needed across several industries, to reduce reliance on China. However, as seabed mining is an international issue, with strong regulations and norms on operations, Trump’s plan has attracted widespread criticism from international organisations and environmentalists worldwide.

Operator