(By Oil & Gas 360) – The reopening of the Strait of Hormuz has brought a measure of relief to global energy markets. Tankers are once again moving through the world’s most important energy corridor, crude prices have retreated from their wartime highs, and traders have become increasingly optimistic that the worst of the disruption may be over. That optimism
(Oil & Gas 360) – HOUSTON, TX, June 25, 2026 (GLOBE NEWSWIRE) — Prairie Operating Co. (Nasdaq: PROP) (the “Company” or “Prairie”) – an independent energy company engaged in the development and acquisition of oil and natural gas resources in the Denver-Julesburg (DJ) Basin – today announced the promotion of Gregory S. Patton to Chief Executive Officer and member of the
(World Oil) – TotalEnergies has signed an agreement to acquire a 10% interest in the Bab Gas Cap concession in Abu Dhabi, joining ADNOC and a group of international partners in the development of one of the UAE’s major gas growth projects. The concession is operated by ADNOC Onshore, which holds a 60% interest. Other partners include bp, CNPC, JODCO/INPEX, ZhenHua and GS Energy. The
(BOE Report) – Revived tanker movement through the Strait of Hormuz pushed U.S. crude prices below $70 a barrel briefly on Wednesday even though inventories at the country’s crude storage hub in Cushing, Oklahoma have dropped to their lowest in 12 years. Stocks of oil at Cushing fell to about 19 million barrels last week, the lowest level since 2014,
(Investing) – Iraq has considered leaving OPEC if the oil producer group does not allow Baghdad to significantly increase oil production, sources with knowledge of the matter told Reuters. The prospect of Iraq leaving would be a serious blow to the Organization of the Petroleum Exporting Countries, which saw the United Arab Emirates walk away less than two months ago.
Natural Gas Inventories as of June 19, 2026 The EIA has released its natural gas inventory report, showing a net increase of 76 Bcf as of June 19, 2026. Working gas in storage was 2,835 Bcf as of Friday, June 19, 2026, according to EIA estimates. This represents a net increase of 76 Bcf from the previous week. Stocks were
(World Oil) – Brent oil fell below $75 for the first time since the Iran war began, as more tankers openly cross the Strait of Hormuz, while the U.S. and Iran signal progress toward ending the war. The global benchmark shed has much as 3.1% to the lowest since Feb. 27. Vessels are transiting the waterway with their satellite signals switched on,
