Magnolia’s $4.06 billion WildFire deal creates major South Texas position
(World Oil) – Magnolia Oil & Gas Corp. has agreed to acquire WildFire Energy for approximately $4.06 billion, creating a significantly larger position across the Eagle Ford and Austin Chalk in South Texas and more than doubling Magnolia’s acreage
Magnolia’s $4.06 billion WildFire deal creates major South Texas position
(World Oil) – Magnolia Oil & Gas Corp. has agreed to acquire WildFire Energy for approximately $4.06 billion, creating a significantly larger position across the Eagle Ford and Austin Chalk in South Texas and more than doubling Magnolia’s acreage in the Giddings field. The transaction
China’s LNG buying spree tightens global gas market
(Oil Price) – China raised its liquefied natural gas imports for a second
Fluor sells Mexico joint venture stake to ICA for $175 million
(World Oil) – Fluor Corp. has sold its equity stake in the ICA-Fluor Daniel joint
U.S. gasoline prices climb back above $4 per gallon
(Oil Price) – The national average price of gasoline in the United States
China’s LNG buying spree tightens global gas market
(Oil Price) – China raised its liquefied natural gas imports for a second month in a row in June as the world’s top LNG buyer prepares for peak summer power demand. Chinese imports of LNG jumped by 8.3% from a year
Fluor sells Mexico joint venture stake to ICA for $175 million
(World Oil) – Fluor Corp. has sold its equity stake in the ICA-Fluor Daniel joint venture to longtime partner ICA for $175 million, ending a partnership that has supported oil and gas, power, mining and industrial projects across Mexico for more than three decades. The
U.S. gasoline prices climb back above $4 per gallon
(Oil Price) – The national average price of gasoline in the United States topped $4 per gallon once again on Monday following the crude oil price rally of the past week amid the renewed hostilities in the Middle East and the
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Weekly Inventories
U.S. crude oil inventories decrease by 1.7 million barrels
Weekly Crude Oil Storage as of July 10, 2026 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum
Weekly Gas Storage: Inventories increase by 41 Bcf
Natural Gas Inventories as of July 10, 2026 The EIA has released its natural gas inventory report, showing a net
U.S. rig count increased by 7, is at 588
This week’s Baker Hughes Rig Count shows that the U.S. increased by 7 last week, resulting in a total count
