(Oil & Gas 360) – This week marked a notable shift in market sentiment. For months, energy markets were focused on disruption, conflict, and supply risk. Now, attention is turning toward reopening trade routes, restoring production, and assessing whether the world is moving from a supply crisis toward a period of greater abundance. Prices moved lower, but capital continued flowing
(World Oil) – Iran is shipping large amounts of oil that had previously been held back by a US blockade, a potential boost for Tehran after it signed an interim peace deal with Washington on Wednesday. A total of 11 tankers hauling a combined 20 MMbbl were detected leaving the Iranian port of Chabahar on the Gulf of Oman this
(Oil & Gas 360) By Greg Barnett, MBA, Part 3 of 3 – Any transportation fuel transition ultimately converges on a single question: cost. Engineering feasibility, policy alignment, and infrastructure development all shape the pathway to adoption, but for fleet operators and commercial users, the decision is grounded in economics. The comparison between diesel, compressed natural gas (CNG), and electric
This week’s Baker Hughes Rig Count shows that the U.S. decreased by 1 last week, resulting in a total count of 563 rigs. Canada increased by 6 over last week, resulting in a total Canadian count of 186 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Cana Woodford, and DJ-Niobrara experienced an increase this week. Meanwhile,
(BOE Report) – Citi said on Thursday it expects oil prices to trend lower over the next six to 12 months, to $60 to $65 per barrel by the first quarter of 2027 as flows through the Strait of Hormuz normalize following the signing of a U.S.-Iran MoU to end their conflict. Oil tankers sailed through the strait and the
(Investing) – BENGALURU/LONDON – Brent crude fell on Friday after Israel and Hezbollah agreed to a ceasefire, easing concerns over disruptions to Middle East oil supplies and raising hopes of broader de-escalation involving the United States and Iran. Brent crude futures were down 85 cents, or 1.1%, at $79 a barrel by 1303 GMT, and were heading for a weekly decline of
