(Oil & Gas 360) by Michael Smolinski – While The Taking Out Of Those Who Kill, Maim And Destroy Is Fueling Recession Fear, So Much Needing To Be Done Fuels Our Bullish Outlook. The near-month, closing futures contract price for WTI crude oil jumping to above $90 per barrel is increasing economic growth/ recession fear. The near-month closing futures price of
(By Oil & Gas 360) – Escalating tensions involving Iran are raising new questions about the security of the Strait of Hormuz, one of the world’s most critical energy chokepoints, as military action intensifies and energy markets brace for potential supply disruptions. The United States has stepped up strikes against Iranian targets, widening the conflict and increasing uncertainty around the
(Oil & Gas 360) By Greg Barnett, MBA ExxonMobil’s February 2026 Analyst Day did not represent a strategic pivot. Instead, it formalized and sharpened themes that management has consistently articulated across recent earnings calls, particularly 4Q23 and 4Q25: execution excellence, advantaged upstream growth, structural cost reductions, and disciplined capital allocation. The key evolution was not direction, but quantification. On the
Oil & Gas 360) – Houston, Texas, March 10, 2026 (GLOBE NEWSWIRE) — Battalion Oil Corporation (NYSE American: BATL, “Battalion” or the “Company”) today announced that it has entered into a Purchase and Sale Agreement (“PSA”) to acquire certain oil and gas assets, comprising 7,090 net acres located in Ward County, Texas (the “Assets”), from RoadRunner Resource Holding LLC (formerly,
(World Oil) – Exxon Mobil Corp.’s board of directors has unanimously recommended that shareholders approve relocating the company’s legal domicile from New Jersey to Texas, aligning its corporate structure with operations that have been based in Texas for decades. The proposed move would not affect ExxonMobil’s business operations, strategy, assets, or workforce locations, the company said. ExxonMobil relocated its headquarters to
(World Oil) – The largest oil producers in the Middle East Gulf have deepened production cuts and are already lowering output by a combined more than 5 million barrels per day (bpd) as the de facto halt to tanker traffic in the Strait of Hormuz has started to affect upstream production. As storage fills and crude has no way out of
(BOE Report) – Saudi Arabia’s Aramco, the world’s top oil exporter, said on Tuesday that there would be “catastrophic consequences” for the world’s oil markets if the Iran war continues to disrupt shipping in the Strait of Hormuz. The disruption has not only upended the shipping and insurance sectors but also promises to have drastic domino effects on aviation, agriculture,
(World Oil) – Oil’s brief surge above $100/bbl has renewed concerns that the escalating Iran conflict could trigger broader inflation pressures if elevated crude prices persist. Crude prices jumped above the $100 mark for less than a day Monday amid fears that the conflict in the Middle East could further disrupt global energy supplies. The spike came as tanker traffic through the
(Investing) – Countries around the world are prepared to take action to stabilize the oil market, French Finance Minister Roland Lescure said on Tuesday. Lescure told reporters that nations have requested the International Energy Agency to develop scenarios for a possible oil stockpile release. “We have asked the International Energy Agency to elaborate scenarios for a potential oil stockpile release,” Lescure
