July 23, 2026 - Oil & Gas 360

EnerCom Releases Presenter Lineup for the 31st EnerCom Denver – The Energy Investment Conference, August 17–19, 2026, in Denver, Colorado

July 23, 2026

(Oil & Gas 360) – Investors are encouraged to register for EnerCom Denver – The Energy Investment Conference, featuring a broad group of public and private energy companies Sponsorship opportunities are available for companies seeking to increase their market presence DENVER – July 23, 2026 – EnerCom, Inc. (“EnerCom”) is pleased to publish presentation times for participating companies on the conference

Matador strikes $1.28 billion Delaware basin deal, adds 16,000 acres

July 23, 2026

(World Oil) – Matador Resources has agreed to acquire Permian basin operator Paloma Permian LLC for $1.275 billion in cash while also expanding its position in the emerging Woodford play, where the company reported encouraging results from its first exploratory well in southeast New Mexico. The acquisition from EnCap Investments portfolio company Paloma includes 16,235 net undeveloped acres in Eddy and Lea counties, N.M., along with producing properties

Horizon Petroleum begins production testing at Lachowice gas field in Poland

July 23, 2026

(Oil & Gas 360) – Publisher’s Note: Horizon Petroleum will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown, August 17-19, 2026. Register to attend. (World Oil) – Horizon Petroleum has advanced its Lachowice gas development in southern Poland after executing a drilling and services contract for the re-entry, recompletion and production testing of the Lachowice-7 (L7) well and securing final regulatory approval to begin field operations. The

Goldman Sachs maintains Brent forecast of $80/barrel for fourth quarter of 2026

July 23, 2026

(BOE Report) – Goldman Sachs maintained on Thursday its Brent crude forecast of $80/barrel for the fourth quarter of 2026, saying lower Middle East supply should support prices if tensions between the United States and Iran ease by year-end. * The investment bank said its forecast reflects price support from lower Middle East output in the second half of the

Global refiners are cutting out oil traders to buy Venezuelan crude directly

July 23, 2026

(Oil Price) – Commodity traders are having the rug pulled out from under one of their biggest paydays yet as refiners start bypassing oil and traders and buying Venezuelan crude directly, according to Reuters. Refiners and major oil-producing firms are rapidly gaining market share in Venezuelan crude by locking in direct supply contracts with state-run Petróleos de Venezuela, S.A. (PDVSA), bypassing the global middlemen

Aramco offers more crude oil cargoes from Mediterranean amid Red Sea threats, sources say

July 23, 2026

(BOE Report)– Saudi Aramco has offered additional crude cargoes for loading from Egypt’s Mediterranean port of Sidi Kerir, according to five trading sources, as Houthi threats to Saudi shipping raise risks for southbound Red Sea exports through the Bab el-Mandeb strait. The cargoes, which are shipped to Egypt’s Red Sea port of Ain Sukhna and then carried by the Suez-Mediterranean Pipeline

Oil prices top $100 a barrel after Houthis attack Saudi tankers in Red Sea

July 23, 2026

(Investing) – Oil prices surged on Thursday, with the global benchmark topping $100 a barrel, as Iran-aligned Houthi militants in Yemen said they had struck two Saudi oil tankers in the Red Sea. At 09:16 ET (13:16 GMT), Brent crude futures expiring in September jumped 6.3% to $100.06 a barrel, surpassing that level for the first time since May 26. U.S. West Texas

Weekly Gas Storage: Inventories increase by 88 Bcf- oil and gas 360

Weekly Gas Storage: Inventories increase by 32 Bcf

July 23, 2026

Natural Gas Inventories as of July 17, 2026 The EIA has released its natural gas inventory report, showing a net increase of 32 Bcf as of July 17, 2026. Working gas in storage was 3,056 Bcf as of Friday, July 17, 2026, according to EIA estimates. This represents a net increase of 32 Bcf from the previous week. Stocks were

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