Oil & Gas — Pure Report

cnbc.com Aug 10

U.S. Strategic Petroleum Reserve Falls Below 300 Million Barrels

The U.S. Strategic Petroleum Reserve has fallen below 300 million barrels, reaching its lowest level since 1983, according to the Department of Energy. The decline is attributed to global oil supply pressures and recent drawdowns ordered by U.S. presidents in response to international conflicts. Concerns have been raised regarding the aging infrastructure of the reserve and its operational capabilities.

Bias: 4 Sentiment: +0.00

Washington Examiner Jul 30

UK Prime Minister Indicates Possible Approval for North Sea Oil Drilling

UK Prime Minister Andy Burnham has expressed openness to approving new oil drilling in the North Sea, influenced by U.S. President Donald Trump's requests. This comes as the UK continues to navigate its ban on new drilling licenses established in 2024. Additionally, the Senate is preparing to address legislation regarding E15 gasoline sales, and oil prices have seen a decline amid ongoing geopolitical tensions.

Bias: 4 Sentiment: +0.00

Al Jazeera English Jul 15

US Conducts Air Strikes Following Iranian Claims of Attacks on US Military Sites

The United States carried out air strikes on July 15, 2026, after the IRGC claimed responsibility for strikes on US military sites in the Gulf. The US also renewed a blockade on Iranian ports, leading to a rise in oil prices.

Bias: 4 Sentiment: -0.10

The Hill Jul 14

Trump Meets with Iraq's New Prime Minister to Discuss Oil Access

President Trump met with Iraq's new Prime Minister Ali al-Zaidi on July 14, 2026, to discuss American companies' access to Iraq's oil reserves. Trump had previously supported al-Zaidi's election after the 2025 parliamentary elections.

Bias: 4 Sentiment: +0.10