Phillips 66 CEO says Hormuz supply disruptions may linger amid shipping uncertainty
(BOE Report) – U.S. refiner Phillips 66 CEO Mark Lashier said on Tuesday it would take time for crude supplies to clear through the Strait of Hormuz, as uncertainty remains around a return to
Phillips 66 CEO says Hormuz supply disruptions may linger amid shipping uncertainty
(BOE Report) – U.S. refiner Phillips 66 CEO Mark Lashier said on Tuesday it would take time for crude supplies to clear through the Strait of Hormuz, as uncertainty remains around a return to normal shipping activity. Passage through the
Oil drops $1 as investors focus on Hormuz flows after peace talks
(Investing) – NEW YORK – Oil prices fell more than a $1 on
Devon Energy’s latest reinvention reflects a familiar corporate pattern
(Oil & Gas 360) By Greg Barnett, MBA – Devon Energy’s merger
Oil drops $1 as investors focus on Hormuz flows after peace talks
(Investing) – NEW YORK – Oil prices fell more than a $1 on Tuesday as investors monitored crude flows through the Strait of Hormuz amid signs of progress in U.S.-Iran peace talks. Brent crude futures declined $1.18, or around 1.2%, to $76.72
America’s second oil boom
(By Oil & Gas 360) – The next great American oil boom may not come from discovering a new basin. It may come from recovering more oil from fields that have already been producing for decades. For more than a century,
Devon Energy’s latest reinvention reflects a familiar corporate pattern
(Oil & Gas 360) By Greg Barnett, MBA – Devon Energy’s merger with Coterra Energy may represent the company’s most consequential strategic shift in more than a decade, but reinvention is hardly new for Devon. Over the past thirty
Company to watch
Weekly Inventories
U.S. crude oil inventories decrease by 8.3 million barrels
Weekly Crude Oil Storage as of June 12, 2026 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum
Weekly Gas Storage: Inventories increase by 73 Bcf
Natural Gas Inventories as of June 12, 2026 The EIA has released its natural gas inventory report, showing a net
U.S. rig count increased by 1, is at 563
This week’s Baker Hughes Rig Count shows that the U.S. decreased by 1 last week, resulting in a total count
