Industry & Analysis
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.
News
June 05, 2026
The Trump administration is opening sealed bids for nearly 690,000 acres in Alaska's Arctic National Wildlife Refuge, setting up a key test of industry interest in one of North America's most prospective—and politically contentious—oil and gas regions.
News
June 04, 2026
The U.S. House of Representatives has passed legislation to reauthorize the Permit Processing Improvement Fund, an industry-funded program that supports Bureau of Land Management offices responsible for oil and gas leasing, permitting and production activities on federal lands.
News
June 03, 2026
Fresh military exchanges between the U.S. and Iran are placing new strain on a fragile ceasefire and raising uncertainty around negotiations aimed at reopening the Strait of Hormuz and restoring regional energy flows.
News
June 03, 2026
Transportadora de Gas del Sur is pursuing a roughly $1 billion financing package to support its $3 billion Vaca Muerta NGL project, a major infrastructure development designed to expand processing, transportation and export capacity for Argentina's growing shale sector.
News
June 03, 2026
New Enverus research shows U.S. Class VI carbon storage permit approvals are accelerating in 2026, while new application activity has slowed, creating a growing pipeline of CCS projects awaiting regulatory review.
News
June 03, 2026
Kuwait is evaluating expanded overseas oil storage capacity and alternative export routes after disruptions linked to the Iran war highlighted the country's dependence on the Strait of Hormuz for crude exports.
