Industry & Analysis
News
June 18, 2026
The Independent Petroleum Association of America and the Domestic Energy Producers Alliance will merge July 1, creating a single advocacy organization representing U.S. independent oil and gas producers under the IPAA banner.
News
June 18, 2026
OPEC's World Oil Outlook 2026 projects global oil demand will increase to 124 MMbpd by 2050, while global energy demand rises 23%, underscoring the need for $17.7 trillion in oil sector investment.
News
June 18, 2026
The Railroad Commission of Texas is expanding its DOGE Task Force initiative, targeting regulatory efficiency improvements through digital modernization, permitting transparency, inspection consistency and enhanced stakeholder engagement.
News
June 18, 2026
Vår Energi has approved the Balder Next New Wells project in the North Sea, a seven-well development targeting 86 MMboe of reserves and supporting long-term production growth through the Jotun FPSO hub.
News
June 17, 2026
President Trump said the interim U.S.-Iran agreement could be signed within days, bringing the reopening of the Strait of Hormuz one step closer and reinforcing expectations for increased Gulf oil exports and lower crude prices.
News
June 17, 2026
The Department of the Interior has reached an agreement with Invenergy to terminate four offshore wind leases and redirect approximately $765 million into natural gas and geothermal energy projects, marking a significant shift in planned U.S. energy investment.
News
June 17, 2026
The IEA has cut its 2026 oil demand forecast by 700,000 bpd, now expecting global consumption to decline by 1.1 MMbpd this year as Middle East disruptions, higher fuel prices and tighter product markets weigh on demand.
News
June 17, 2026
Iraq is preparing to increase crude exports from its southern ports as a U.S.-Iran agreement to reopen the Strait of Hormuz approaches, with state marketer SOMO coordinating tanker nominations and export logistics ahead of a gradual recovery in Gulf oil flows.
News
June 16, 2026
Equinor has outlined plans to increase production to 2.3 MMboed by 2030, supported by higher investment in oil and gas projects, expanded activity on the Norwegian Continental Shelf and 30% growth in international production.
News
June 16, 2026
Brent crude fell below $80/bbl for the first time in more than three months as markets priced in increased oil supply following the U.S.-Iran agreement to reopen the Strait of Hormuz. Analysts lowered price forecasts as expectations grew for a recovery in Persian Gulf exports.
News
June 15, 2026
Oil prices moved lower Monday as traders assessed the U.S.-Iran agreement to reopen the Strait of Hormuz, with uncertainty remaining over how quickly shipping traffic and crude exports can return to normal.
News
June 14, 2026
A breakthrough agreement between Washington and Tehran aims to restore oil flows through the Strait of Hormuz and restart broader negotiations over Iran’s nuclear program.
News
June 12, 2026
The U.S. has sanctioned Cuba's state-owned oil company, Cupet, adding new uncertainty to fuel supply efforts as the island grapples with ongoing energy shortages and constrained petroleum imports.
News
June 11, 2026
Oil prices fell nearly 4% after President Trump abruptly canceled planned strikes against Iran and signaled progress toward a potential agreement, easing immediate concerns over Kharg Island and Persian Gulf oil exports.
News
June 11, 2026
President Trump threatened additional strikes against Iran and raised the prospect of targeting Kharg Island, the country's primary oil export hub, escalating concerns over global crude supplies and the future of energy flows through the Persian Gulf.
News
June 11, 2026
Even as flows through the Strait of Hormuz gradually improve, Enverus warns the damage to global oil inventories may already be done. New modeling suggests OECD stocks could fall to a 20-year low, keeping Brent above $100/bbl well into 2027.
News
June 10, 2026
WTI crude settled above $91 per barrel after President Trump warned of possible new strikes against Iran and U.S. government data showed a larger-than-expected draw in crude inventories, adding to concerns over global oil supplies.
News
June 10, 2026
Chevron, YPF and Pluspetrol are expected to commit volumes to a $3 billion natural gas liquids project in Argentina's Vaca Muerta shale basin, a move that could pave the way for final investment approval and help ease infrastructure constraints on future production growth.
News
June 09, 2026
A new report from the Permian Strategic Partnership highlights the Permian basin's growing economic influence, supporting more than 940,000 U.S. jobs, contributing billions in economic activity and accounting for nearly half of projected U.S. oil production by 2027.
News
June 07, 2026
Peace talks between the U.S. and Iran remain deadlocked 100 days into the conflict, while renewed military exchanges and continued disruptions in the Strait of Hormuz keep pressure on global oil markets and regional energy infrastructure.
News
June 07, 2026
The Railroad Commission of Texas assessed more than $1.1 million in enforcement penalties against operators and businesses during its latest open meeting, including fines issued through both default and agreed orders related to oil and gas and pipeline safety compliance.
