Wednesday, June 24, 2026
From cycles to constraints- oil and gas 360

From cycles to constraints

(By Oil & Gas 360) – For much of the modern energy era, executives, investors, and policymakers operated under a shared assumption that periods of disruption would eventually give way to a familiar pattern. Prices would rise, capital would flow into the sector, production would increase, and supply growth would ultimately restore balance. Markets might experience volatility along the way, but

360 Energy Pulse: What mattered in energy this week- oil and gas 360

360 Energy Pulse: What mattered in energy this week

(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

The Fragmenting Barrel - Part II: Thomas Petrie, energy geopolitics, and the emerging hydrocarbon realignment- oil and gas 360

The Fragmenting Barrel – Part II: Thomas Petrie, energy geopolitics, and the emerging hydrocarbon realignment

(Oil & Gas360) By Greg Barnett, MBA – If Matt Simmons helped explain the growing engineering complexity beneath the world’s oil reservoirs, Thomas A. Petrie spent decades explaining something equally important above ground: oil is never just a commodity. It is capital, power, diplomacy, security, industrialization, and national survival operating simultaneously. In Following Oil, Petrie chronicled how energy systems reorganize

Clean energy investment hits $2.2 trillion, nearly double fossil fuels- oil and gas 360

Clean energy investment hits $2.2 trillion, nearly double fossil fuels

(Oil Price) – Despite historic political headwinds against the global decarbonization effort, clean energy spending continues to see a meteoric rise around the world. The International Energy Agency’s World Energy Investment 2026, published in May of this year, projects that of the $3.4 trillion dollars that the world will spend on energy investments this year, $2.2 trillion will go to clean

Trump says he did not want to see economic catastrophe as he defends Iran deal- oil and gas 360

Trump says he did not want to see economic catastrophe as he defends Iran deal

(Investing) – EVIAN-LES-BAINS, France – U.S. President Donald Trump on Wednesday defended the U.S. deal with Iran in his remarks at the close of a G7 summit in France, saying he did not want to see an economic catastrophe that could have been triggered by a continued war in the Middle East. “So the one thing I didn’t want to see

Back to where we started?- oil and gas 360

Back to where we started?

(By Oil & Gas 360) – The proposed sixty-day ceasefire between the United States and Iran with Pakistan as mediator has been greeted by energy markets with a sense of relief. Oil prices retreated from crisis levels, shipping companies began preparing for a gradual return to normal operations, and insurers started reassessing the elevated war-risk premiums that had accompanied weeks

BP starts process to sell stakes in two Gulf of Mexico projects, sources say- oil and gas 360

BP starts process to sell stakes in two Gulf of Mexico projects, sources say

(BOE Report) – British oil major BP has started a process to sell stakes in two of its Gulf of Mexico projects, four people with knowledge of the matter said, in what would be one of new CEO Meg O’Neill’s first moves. BP, one of the largest operators in the Gulf of Mexico, has been weighing a sale of minority

90% of global businesses expect to electrify operations by 2035- oil and gas 360

90% of global businesses expect to electrify operations by 2035

(Oil Price) – An overwhelming 90% of global businesses expect to electrify their operations by 2035 amid geopolitical instability fueling volatility in fossil fuel supply and prices, a new survey showed on Monday. The polling, conducted by consultancy Public First across key economies and emerging markets, was commissioned by E3G, We Mean Business Coalition, and the Global Renewables Alliance. The survey

Exxon reportedly evaluates Woodside as LNG acquisition target- oil and gas 360

Exxon reportedly evaluates Woodside as LNG acquisition target

(World Oil) – ExxonMobil is studying potential acquisition targets including Australia’s Woodside Energy Group, as the U.S. giant eyes options to deepen its presence in liquefied natural gas and Asian markets, according to people with knowledge of the matter. Exxon has been holding early-stage discussions internally, said the people, who asked not to be named as they are not allowed to speak

Oil slips 4% as US, Iran reach peace deal to reopen Strait of Hormuz- oil and gas 360

Oil slips 4% as US, Iran reach peace deal to reopen Strait of Hormuz

(BOE Report) – Oil prices slipped to their lowest since March on Monday after U.S. President Donald Trump and Iran’s deputy foreign minister said they had reached an initial deal to end the war and to resume traffic through the Strait of Hormuz. Brent crude futures fell $3.58, or 4.10%, to $83.75 a barrel by 0004 GMT and U.S. West