February 25, 2026 – Oil & Gas 360

MCM Energy grows Permian position with Battalion asset purchase and new financing

February 25, 2026

(World Oil) – MCM Energy Partners has completed its acquisition of crude oil and natural gas assets in the Delaware basin from Battalion Oil Corporation, expanding its operated footprint in the core of the Permian basin and adding new development inventory in West Texas. The assets, located in the West Quito Draw area of Ward County, Texas, include approximately 6,207 net acres

Oil steady as Iran signals openness to U.S. talks

February 25, 2026

(By Oil & Gas 360) – Oil prices eased after Iran signaled it is prepared to take steps toward reaching an agreement with the United States, injecting cautious optimism into markets that have been pricing in elevated geopolitical risk. Iranian officials described a “good outlook” for negotiations as a diplomatic team headed to Geneva, raising the possibility of renewed engagement that

Trump to allow private Cuban companies to buy fuel but block the regime

February 25, 2026

(Oil Price) – The Trump administration plans to allow energy companies to sell fuel to private Cuban businesses while maintaining a strict blockade on the Cuban government. The policy shift aims to alleviate a worsening humanitarian and energy crisis on the island by distinguishing between the Cuban people and the regime. The U.S. Department of the Treasury and U.S. Department of Commerce are

OPEC+ to consider 137,000 bpd oil output increase for April, sources say

February 25, 2026

(Investing) – MOSCOW/LONDON – OPEC+ is likely to consider raising its oil output by 137,000 barrels per day for April, three sources with knowledge of OPEC+ thinking said as the group prepares for peak summer demand and a price boost from tensions between the U.S. and OPEC member Iran. The resumption of output increases after a three-month pause would allow OPEC

Clean Energy markets face a volatile year despite record global investment

February 25, 2026

(Oil Price) – It’s been a volatile year for clean energy markets. Despite major policy shifts impacting green industries, global renewable energy investment hit a record high in 2025. A closer look at last year’s figures reveals a high level of ambivalence in the marketplace, with a sharp drop in clean energy investments in the United States in the last corner,

Saudi Arabia boosts oil output, exports for US attack on Iran contingency, sources say

February 25, 2026

(BOE Report) – Saudi Arabia is increasing its oil production and exports as part of a contingency plan in case any U.S. strike on Iran disrupts supplies from the Middle East, two sources familiar with the plan said on Wednesday. The Saudi government media office did not immediately respond to a request for comment on the plan. U.S. President Donald

Oil turns negative as large US crude stock build outshines supply concerns

February 25, 2026

(Investing) – HOUSTON – Oil prices slipped into negative territory on Wednesday as a much larger-than-expected U.S. crude stock build outweighed the threat to oil supply from potential military conflict between the U.S. and Iran. Brent futures were down 12 cents at $70.65 a barrel at 11:16 a.m. ET (1607 GMT), while WTI futures were down 26 cents at $65.37. U.S. crude inventories rose

U.S. rig count had an increase of 1 this week, at 585- oil and gas 360

U.S. rig count had no change, is at 551

February 25, 2026

This week’s Baker Hughes Rig Count shows that the U.S. had no change last week, resulting in a total count of 551 rigs. Canada had an increase of 2 over last week, resulting in a total Canadian count of 224 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Permian region experienced an increase this week. Meanwhile,

U.S. crude oil inventories increase by 0.5 million barrels- oil and gas 360

U.S. crude oil inventories increase by 16.0 million barrels

February 25, 2026

Weekly Crude Oil Storage as of February 20, 2026 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 16.0 million barrels from the previous week. At 435.8 million barrels, U.S. crude oil inventories are 3% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data,

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