Thursday, June 18, 2026

Iran: No Need to Extend OPEC, Non-OPEC Pact

From Reuters Iran’s oil minister said there would be no need to extend a pact between OPEC and non-OPEC producers aimed at bolstering oil prices if the crude price continued to rise, the ministry’s official website SHANA reported on Monday. “There will be no decision on this in OPEC’s next meeting … if oil prices continue to increase, there will

Canada Relies on Trucks, Waits for Pipelines

From Reuters At an Alberta oil loading terminal, a convoy of big rigs are gearing up to haul Canadian crude oil hundreds of miles through bone dry fields across the U.S. border into Montana, where the oil will be transferred to pipelines and rail cars headed south and west. Trucks loaded with crude are an increasingly common sight at the

Permian - Delaware Basin Action Virtually Nonstop Since Oct. 1

Hedge-Fund Investors Pour Into Oil as Firms Predict Surge to $80

From Bloomberg Commodity funds attracting inflows at fastest pace since 2016 Global economy, geopolitics are underpinning oil-price surge Hedge funds investing in oil are luring capital at the fastest pace in more than a year. With crude climbing to levels not seen since 2014, commodity funds have recovered the client outflows they suffered last year. And if firms such as Westbeck

Egypt Aims for $10 Billion Foreign Investment in 2018-19

From CNBC With gas production in full swing across a number of sites in Egypt, the country is ready to become a key exporter of energy in the region and beyond, the chairman and founder of investment firm Qalaa Holdings told CNBC. “In the oil and gas sectors Egypt remains a very important player,” Ahmed Heikal, told CNBC’s “Capital Connection”