(By Oil & Gas 360) – In just over 60 days, the Iran war didn’t just rattle markets; it physically removed a massive volume of oil from the global system, a shock that continues to ripple through pricing, logistics, and investor expectations and is now approaching a scale few thought possible. Since the conflict began in late February, more than
(Oil & Gas 360) By Greg Barnett, MBA – (Part 1 of 6) – The oil and gas industry has already lived through the future everyone now claims to fear. It wasn’t caused by climate policy, geopolitics, or energy transition rhetoric. It was caused by us. From the early 2000s through roughly 2014, the market rewarded one thing above all else:
(Oil & Gas 360) – Long before energy became an explicit instrument of American diplomacy, it functioned as a form of state capacity. At the turn of the twentieth century, the United States produced more crude oil than the rest of the world combined. This dominance was not the product of treaties or alliances but of geology, capital formation, and
(BOE Report) – European oil majors’ first-quarter profits were lifted by bumper trading gains as the Iran war upended supply chains, underscoring how the ability to shift barrels around the world can sometimes trump pumping them out of the ground. BP, Shell and TotalEnergies have spent years building vast oil trading machines that now sit at the heart of their business – setting
(Investing) – LISBON/MADRID – Spain’s Repsol is in no rush to list its oil and gas production unit in the United States, Chief Executive Josu Jon Imaz said on Thursday, tempering expectations about an initial public offering or reverse merger in the near future. Imaz had said late last year that the upstream unit was being prepared for a liquidity event in
(World Oil) – bp Plc and Venezuela agreed on a deal to explore for natural gas offshore as the South American country’s energy revival gathers pace following the U.S. capture of Nicolas Maduro. The memorandum of understanding between bp and Caracas establishes “potential areas for co-operation in material gas and future exploration,” bp said Wednesday in an emailed statement. Venezuela state firm
Natural Gas Inventories as of April 24, 2026 The EIA has released its natural gas inventory report, showing a net increase of 79 Bcf as of April 24, 2026. Working gas in storage was 2,142 Bcf as of Friday, April 24, 2026, according to EIA estimates. This represents a net increase of 79 Bcf from the previous week. Stocks were
