July 15, 2026

Buccaneer Energy reports production growth at East Texas Pine Mills field

July 15, 2026

(World Oil) – Buccaneer Energy reported continued production growth at its Pine Mills field in East Texas, where average net production has increased to approximately 135 bopd as the company advances enhanced recovery projects and prepares to launch a waterflood later this year. The company said production at Pine Mills has more than doubled since its current management team took over in mid-2024, when

Canada ties new West Coast Pipeline to oil sands expansion

July 15, 2026

(Oil Price) – Canada’s biggest oil sands producers, the Alberta provincial government, and the federal government have reached a new milestone in advancing the planned new West Coast pipeline that would move another 1 million barrels per day (bpd) of oil sands output from the top oil province to the British Columbia coast. The parties on Monday unveiled the backgrounder document of the

Why Iranian, Houthi threats to Red Sea shipping matter more for oil now

July 15, 2026

(BOE Report) – Iran has warned that its campaign to throttle global energy markets could be expanded from the Strait of Hormuz to the vital Red Sea route if U.S. attacks continue, a threat that depends on its Houthi allies in Yemen. This is why it matters and what it means for the Iran war and the global energy crisis:

Halliburton expands role in Aramco’s unconventional gas program

July 15, 2026

(World Oil) – Halliburton has secured a multi-year contract from Aramco to provide integrated stimulation and completion services for unconventional gas development in Saudi Arabia’s Jafurah basin, supporting one of the world’s largest unconventional gas programs. The award is part of a broader multi-billion-dollar contract and expands Halliburton’s role in Aramco’s unconventional development program, where the company provides drilling, stimulation and completion services across multiple

Oil prices sink, shrugging off renewed Middle East fighting

July 15, 2026

(Investing) – Oil prices fell on Wednesday, shrugging off a new wave of U.S. attacks against Iranian military installations that aimed to limit Tehran’s ability to strike shipping in the Strait of Hormuz and taking heart from a smaller-than-expected drop in U.S. crude oil inventories. Brent futures fell $1.11, or 1.31%, to $83.62 a barrel at 10:43 a.m. CDT (1543 GMT). West Texas Intermediate

U.S. crude oil inventories decrease by 6.1 million barrels- oil and gas 360

U.S. crude oil inventories decrease by 1.7 million barrels

July 15, 2026

Weekly Crude Oil Storage as of July 10, 2026 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 1.7 million barrels from the previous week. At 409.7 million barrels, U.S. crude oil inventories are 6% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data,

Buccaneer Energy reports production growth at East Texas Pine Mills field

Canada ties new West Coast Pipeline to oil sands expansion

Why Iranian, Houthi threats to Red Sea shipping matter more for oil now

Halliburton expands role in Aramco’s unconventional gas program

Oil prices sink, shrugging off renewed Middle East fighting

U.S. crude oil inventories decrease by 1.7 million barrels

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