(By Oil & Gas 360) – A fragile ceasefire is holding just enough to steady markets, but not enough to restore confidence. Diplomatic momentum is building around a broader pause in hostilities. Lebanon has pushed for a temporary ceasefire with Israel to open the door to wider negotiations, a move seen by regional players as a necessary step to prevent further
(By Oil & Gas 360) – A quiet shift is underway in global energy, and it is increasingly centered in the Americas. From U.S. shale and LNG exports to Brazil’s offshore growth and Canada’s expanding export reach, the Western Hemisphere is moving from a regional supplier to a global stabilizing force. At a time when traditional supply routes are under pressure
(World Oil) – Occidental Petroleum (Oxy) has reported an oil discovery at the Bandit prospect in the U.S. Gulf of America/Mexico, encountering oil-bearing sands in a key deepwater exploration area offshore Louisiana. The exploration well, located in Green Canyon Block 680 about 125 miles south of the Louisiana coast, encountered high-quality oil in Miocene formations. The company and its partners are evaluating
(World Oil) – ExxonMobil lost 6% of its global production in the first quarter as the Iran war paralyzed oil and natural gas operations in the Persian Gulf. Half those outages were from a liquefied natural gas complex in Qatar in which Exxon is a partner, the company said Wednesday. Two LNG production lines, or trains, at the facility were damaged by
(Investing) – Chevron said on Thursday its upstream earnings were expected to rise by $1.6 billion to $2.2 billion in the first quarter versus the fourth quarter of 2025, driven by surging oil and gas prices from volatility linked to the Iran war. The conflict, which began on February 28, sent oil prices skyrocketing as much as 65%, with some oil and
(Oil Price) – Just over a month since President Donald Trump’s decision to go to war with Iran, taken in the shadow of his military intervention in Venezuela, the contrast between the two is hard to ignore. One intervention is drifting into uncertainty, while the other is settling into something easily described as a success. As the world’s attention remains fixed
(BOE Report) – European and African crude oil prices climbed to fresh records on Wednesday, defying a sharp selloff in oil futures after a U.S.-Iran ceasefire was reached on Tuesday, as traders priced in a prolonged disruption to physical oil supplies. The ceasefire announcement sent major benchmark Brent and WTI contracts tumbling 13% and 16% respectively on Wednesday to below
Natural Gas Inventories as of April 3, 2026 The EIA has released its natural gas inventory report, showing a net increase of 50 Bcf as of April 3, 2026. Working gas in storage was 1,911 Bcf as of Friday, April 3, 2026, according to EIA estimates. This represents a net increase of 50 Bcf from the previous week. Stocks were
