(Oil & Gas 360)– Growing demands for sustainability have long underscored the need for the oil and gas sector to reduce its environmental impact. Now, with the emergence of innovative solutions, the industry is entering a transformative phase — reimagining the future of energy. In this time of change, DECARBON 2026 convenes market leaders from across the oil and gas
(Oil Price) – The tariff offensive that President Trump is leading against trade partners across the world will deal a blow to the oil and gas industry next year, according to a report by Deloitte. The consultancy, as quoted by Reuters, noted that the oil and gas industry relies on international supply chains that stand to be affected by tariffs, leading to cost
(World Oil) – The world’s biggest oil companies are expected to press ahead with plans to accelerate production growth when they report earnings this week, despite weak crude prices and higher supplies from OPEC and its allies. Exxon Mobil Corp., Chevron Corp., Shell Plc, bp Plc and TotalEnergies SE will likely grow output 3.9% this year and 4.7% in 2026, according
(Investing) – Oil prices steadied Wednesday as renewed military action between Israel and Hamas threatened to upset a recent ceasefire, although caution before the conclusion of a Federal Reserve meeting kept traders to the sidelines. At 08:40 ET (12:40 GMT), Brent oil futures for December rose 0.1% to $63.86 a barrel, and West Texas Intermediate crude futures traded largely unchanged at $60.15 a barrel. Oil
Weekly Crude Oil Storage as of October 24, 2025 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 6.9 million barrels from the previous week. At 416.0 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,
(Investing)– Oil prices settled marginally lower on Monday as OPEC’s plans to increase oil output once again outweighed hopes of a trade deal framework between the U.S. and China and renewed U.S. sanctions on Russia. Brent crude futures were down about 32 cents, or nearly 0.5%, at $65.62 a barrel, while U.S. West Texas Intermediate crude futures closed 19 cents or 0.3% lower
(Investing)- Saudi Aramco CEO Amin Nasser stated Tuesday that global oil demand remains strong, even before the recent sanctions on Russian firms Rosneft and Lukoil. “Demand is strong even before these sanctions on Rosneft and Lukoil,” Nasser said, adding that “China demand is still healthy.” The CEO projected oil demand growth for next year at 1.1-1.4 million barrels per day,
(Investing)– Oil prices slipped around $1 a barrel on Tuesday and were on track for a third straight day of declines as investors considered the impact of U.S. sanctions against Russia’s two biggest oil companies on global supply, along with a potential OPEC+ plan to raise output. Brent crude futures were down $1.09, or 1.7%, to $64.53 a barrel at 10:44
(Oil and Gas 360) – For immediate release: The Irvine 1NH well was placed on production on October 14th and is currently producing at a strong initial average flow rate of 752 boe/d over two weeks, with no decline in production and a high oil cut of 82% Expansion of the 2025-2026 drilling program to begin across Johnson, Campbell, and
(Oil Price) – The U.S. is increasing pressure on Hungary to cut off its reliance on Russian oil imports and vows to work with Hungarian authorities and neighboring countries to help Budapest wean off Russian supply, a senior U.S. diplomat says. Matthew Whitaker, the U.S. Ambassador to NATO, rejected in a Fox News interview suggestions from Hungarian politicians that the U.S.
(BOE Report) – Iraq is in negotiations over the size of its OPEC quota within its available capacity of 5.5 million barrels per day, oil minister Hayan Abdel-Ghani said at an oil conference on Monday. The country, OPEC’s biggest overproducer, submitted plans in April to make further oil output cuts to compensate for pumping above agreed quotas. Abdel-Ghani said that
(Investing) – Oil prices steadied Monday as traders digested potential progress in U.S.-China trade talks, starting to discount the chances of an economically costly trade war between the world’s two largest economies. At 08:25 ET (12:25 GMT), Brent oil futures for December fell 0.1% to $65.14 a barrel and West Texas Intermediate crude futures rose 0.1% to $61.54 a barrel. U.S., China agree to framework
