March 11, 2026 – Oil & Gas 360

Energy policy crosswinds test the pace of the transition: Oil & Gas 360

March 11, 2026

(By Oil & Gas 360) – The global shift toward lower-carbon energy is facing growing pressure from a mix of investor activism, policy changes, and geopolitical turmoil, underscoring how complex the energy transition has become. At BP, a group of activist investors has pushed back after the company declined to support a shareholder proposal calling for stronger emissions commitments. The dispute

Global Strategic Petroleum Reserves, Part 1: SPR is Not one Thing

March 11, 2026

(Oil & Gas 360) – By Greg Barnett, MBA A forensic look at rules, stock types, and why “tap the SPR” headlines mislead Markets treat “SPR release” as an instant supply. Operators treat it as a governed drawdown of a specific inventory mix, with hard constraints: what is stored (crude vs. products), where it sits (domestic vs. held abroad), and

Higher oil prices will not spur more US production, oilfield services company Patterson-UTI says

March 11, 2026

(Investing) – HOUSTON – A surge in energy prices caused by the U.S.-Israel war with Iran will not lead to additional U.S. oil output without the market predictability needed to ensure more drilling, Andy Hendricks, CEO of oilfield services company Patterson-UTI, said on Tuesday. Oil prices have swung wildly since the end of February after Iran shut the Strait of Hormuz,

A crude awakening: What Carlyle’s “New Joule Order” means, amid a Hormuz shock

March 11, 2026

Oil & Gas 360 By Greg Barnett, MBA – Carlyle’s latest note argues the Strait of Hormuz disruption is an inflection point for energy security, with oil functioning as the “rare earth of the macro system.” The authors contend that while oil’s share of GDP has fallen, its functional irreplaceability in aviation, petrochemicals, grid balancing, and fertilizers makes today’s economy

Iran warns oil could hit $200 per barrel as Hormuz threat escalates

March 11, 2026

(Oil Price) – Oil markets are bracing for an even bigger potential price shock with Iran on Wednesday warning that crude could surge to $200 per barrel if the war involving the U.S. and Israel continues to destabilize the Middle East’s energy corridors. Ebrahim Zolfaqari, spokesperson for Iran’s Khatam al-Anbiya military command headquarters, warned the world to “get ready for oil to be

TotalEnergies launches Lapa South-West project offshore Brazil

March 11, 2026

(World Oil) – TotalEnergies has started production from the Lapa South-West project in Brazil’s Santos basin, about 300 km (186 miles) offshore, adding new output to the company’s existing Lapa field operations. The development consists of three wells tied back to the Lapa floating production, storage and offloading (FPSO) unit and is expected to increase production from the field by

Oil prices up 4% as supply fears mount despite record stocks release plan

March 11, 2026

(Investing) – NEW YORK – Oil prices gained nearly 4% on Wednesday as fresh attacks on ships in the Strait of Hormuz worsened supply disruption fears, and analysts said the International Energy Agency’s proposal for a record release of oil reserves is inadequate to ease those fears. Brent futures rose $3.40, or 3.9%, to $91.20 a barrel by 11:17 a.m. EDT (1517

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

U.S. crude oil inventories increase by 3.8 million barrels

March 11, 2026

Weekly Crude Oil Storage as of March 6, 2026 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 3.8 million barrels from the previous week. At 443.1 million barrels, U.S. crude oil inventories are 2% 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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