(By Oil & Gas 360) Month Ending: June 2026 – June marked a turning point for global energy markets; the month began with fears of war-driven supply disruptions and a potential closure of the Strait of Hormuz. By month’s end, markets had largely shifted toward pricing the reopening of shipping lanes and the return of supply. Yet beneath the falling
(Oil & Gas 360) By Greg Barnett, MBA – The first story was straightforward. The United States has largely solved its energy supply problem but remains exposed to global energy pricing. The second story followed naturally. In a world increasingly concerned with energy security, artificial intelligence, grid reliability, and geopolitical uncertainty, every barrel, molecule, and electron matters. The conclusion was simple:
(Oil Price) – Morgan Stanley has slashed its oil price forecasts for the next 18 month as it expects the reopening of the Strait of Hormuz to accelerate a new supply glut. The return of oil supply from the Middle East, combined with high U.S. oil exports and still weak Chinese crude purchases, will bring the market full-circle to a new
(World Oil) – Tenaris will invest more than $90 million to modernize its steelmaking and seamless pipe manufacturing operations in Pennsylvania, expanding automation and production capabilities to support growing demand from the U.S. oil and gas industry. The investment will fund upgrades at the company’s steel shop in Koppel and seamless pipe mill in Ambridge, where automation and equipment improvements are expected
(BOE Report) – CALGARY – The Alberta government is poised to make an announcement about its plans for a new West Coast oil pipeline later this week. Sam Blackett, press secretary to Premier Danielle Smith, says there will be a “major announcement” on Thursday to share new details about the province’s submission to the federal major projects office. The major projects
(World Oil) – The UAE’s biggest oil company is proposing a new pricing methodology for the sale of crude supplies to term customers, said people with direct knowledge of the matter, opting for an approach that’s more aligned with wider regional trading norms. Abu Dhabi National Oil Co.’s crude-marketing team has spoken with refiners and traders about the changes and traveled
(Investing) – Oil prices were little changed on Tuesday but were headed for their biggest monthly and quarterly losses since the COVID-19 pandemic in early 2020, with investors eyeing potential U.S.-Iran talks in Doha amid a strained interim ceasefire in the four-month-long war. Brent futures fell 13 cents, or 0.2%, to $73.02 a barrel at 12:34 p.m. EDT (1634 GMT), while U.S.
