Sunday, August 16, 2026
Gulf Oil Exports Struggle to Recover Despite Higher Hormuz Traffic- oil and gas 360

Gulf oil exports struggle to recover despite higher Hormuz traffic

(Oil Price) – Shipping traffic through the Strait of Hormuz slightly increased as US-Iran negotiations remained ongoing in an effort to restore peace after the memorandum of understanding collapsed amid two weeks of tit-for-tat strikes, according to Pakistan’s Foreign Ministry spokesperson Tahir Andrabi, who provided no further details. Still, the security situation in the Gulf deteriorated overnight after the US

EnerCom Releases Presenter Lineup for the 31st EnerCom Denver - The Energy Investment Conference, August 17–19, 2026, in Denver, Colorado- oil and gas 360

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

(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

Oil hovers around $91 after fresh U.S. attacks on Iran- oil and gas 360

Oil hovers around $91 after fresh U.S. attacks on Iran

(Investing) – Oil prices pared back earlier gains on Thursday, as investors weighed the impact of fresh U.S. strikes on Iranian targets and assessed data showing a drop in U.S. crude stockpiles. As of 06:10 ET (10:10 GMT), Brent crude futures, the global oil benchmark, had climbed 0.4% to $91.14 per barrel, while U.S. West Texas Intermediate (WTI) crude futures were slightly higher

Shell reports $9.8 billion in adjusted earnings as energy prices surge- oil and gas 360

Shell reports $9.8 billion in adjusted earnings as energy prices surge

(Oil Price) – Shell (SHEL:NYSE) more than doubled its second-quarter earnings from a year earlier, as higher oil and gas prices, record refinery utilization, and strong trading boosted profits to above analyst expectations. Shell on Thursday reported adjusted earnings of $9.84 billion for the second quarter, more than double the $4.26 billion for the same period last year, and smashing analyst estimates

Shell, Phillips 66 weigh sale of stakes in $3.5 billion US pipeline Explorer, sources say- oil and gas 360

Shell, Phillips 66 weigh sale of stakes in $3.5 billion US pipeline Explorer, sources say

(BOE Report) – Shell and Phillips 66 are working on a potential sale of their stakes in the company which owns the Explorer refined products pipeline, in a deal that could value the major piece of U.S. energy infrastructure at around $3.5 billion, people familiar with the matter said. The move reflects how heightened demand for energy infrastructure assets, especially

A divided Fed chose to keep rates unchanged. Here’s how Wall Street reacted- oil and gas 360

A divided Fed chose to keep rates unchanged. Here’s how Wall Street reacted.

(Investing) – The Federal Reserve opted to leave interest rates unchanged at a range of 3.5% to 3.75% at the conclusion of its latest two-day gathering on Wednesday, although three members voted to hike borrowing costs. Perhaps the biggest issue confronting policymakers was inflation, which has been floating well above the Fed’s 2% target level due largely to the energy

Oil jumps 7% as Trump threatens Iran hours before Fed decision- oil and gas 360

Oil jumps 7% as Trump threatens Iran hours before Fed decision

(Oil Price) – Oil prices surged more than 7% on Wednesday as renewed U.S.-Iran hostilities and fresh threats to shipping through the Bab el-Mandeb pushed WTI above $84 and Brent toward $90, confronting the Federal Reserve with another inflation shock just hours before one of its most uncertain interest-rate decisions in years. The rally accelerated after President Donald Trump vaguely told

Eni, TotalEnergies reach FID on Cyprus' Cronos gas development- oil and gas 360

Eni, TotalEnergies reach FID on Cyprus’ Cronos gas development

(World Oil) — Eni and TotalEnergies have reached a final investment decision (FID) to develop the Cronos gas field offshore Cyprus, advancing the country’s first natural gas project and establishing a new LNG export route from the Eastern Mediterranean to European markets. Eni, which operates Block 6 with a 50% interest alongside TotalEnergies (50%), said the deepwater Cronos field contains more than 3 Tcf of

Oil prices settle at lowest in over a week, as US pauses attacks on Iran- oil and gas 360

Oil prices settle at lowest in over a week, as US pauses attacks on Iran

(BOE Report) – Oil prices fell on Monday, settling at their lowest levels in over a week, after the U.S. abruptly suspended a campaign of air strikes against Iran over the weekend, raising hopes of a diplomatic solution that would allow shipping to resume in the Strait of Hormuz. Brent crude futures fell $8.42, or 8.7%, to settle at $88.36

Economists cut India’s GDP growth forecast on oil price shock- oil and gas 360

Economists cut India’s GDP growth forecast on oil price shock

(Oil Price) – The spike in oil prices and slowing private investments have been weighing on India’s economic growth, which is now seen at 6.6% in the fiscal year to March 2027, a full percentage-point drop from the 7.7% GDP growth in the prior fiscal year, a Reuters poll of economists showed on Tuesday. Nearly three dozen economists were surveyed between

US natural gas prices fall 4% to 11-week low on record output- oil and gas 360

US natural gas prices fall 4% to 11-week low on record output

(BOE Report) – U.S. natural gas futures slid about 4% to an 11-week low on Monday on record output, lower flows to liquefied natural gas export plants, and ample amounts of gas in storage. Front-month gas futures for August delivery on the New York Mercantile Exchange fell 10.4 cents, or 3.6%, to settle at $2.767 per million British thermal units.

Expand Energy to beef up gas marketing business with $1.25 billion Twin Eagle deal- oil and gas 360

Expand Energy to beef up gas marketing business with $1.25 billion Twin Eagle deal

(BOE Report) – Expand Energy said on Monday it would buy privately held natural gas marketer Twin Eagle Holdings from Five Point Infrastructure for $1.25 billion to expand its marketing business across North America. With U.S. natural gas demand expected to grow, producers are increasingly expanding into marketing and logistics businesses to improve margins and gain greater control over how