Commodities Archives - Page 3 of 336 -

Tight global inventories outweigh OPEC+ production increase, analyst says

August 3, 2026

(World Oil) – Tightening global oil inventories and continued geopolitical instability are expected to keep crude prices supported through August, even as OPEC+ moves to restore additional production, according to Tamas Varga, analyst at PVM Oil Associates, part of TP ICAP. Varga said the oil market remains dominated by geopolitical risks stemming from conflicts in the Middle East and Ukraine, while trade

Saudi oil reroutes hit capacity and security limits

August 3, 2026

(Oil Price) – When Iran shut down the Strait of Hormuz, Saudi Arabia quickly redirected its oil flows to the Red Sea. Now, that route has become dangerous because of the Houthi blockade, so Saudi is rerouting to Egypt—and two LNG tankers in the Egyptian port of Damietta just got struck by drones. OPEC’s number-one is running out of options to

War-fueled oil rally set to lift shale profits to highest since 2022

August 3, 2026

(BOE Report) – U.S. shale producers are expected to report their strongest quarterly profits since 2022 after the Iran war sent crude prices soaring, with analysts expecting much of the windfall to be returned to shareholders rather than spent on expanding production. ConocoPhillips, Occidental Petroleum, EOG Resources, Diamondback Energy and Devon Energy are among the producers expected to post sharply stronger

Trump calls on oil companies to lower gasoline prices

August 3, 2026

(Investing) – President Donald Trump criticized oil companies on Monday and demanded they reduce gasoline prices for American consumers. In a Truth Social post, Trump specifically addressed Chevron CEO Mike Wirth for not acknowledging the administration’s support of the oil industry during a television interview. Trump stated that his administration helped create opportunities for oil companies, including establishing a market in

Petrobras sets production record of 3.34 MMboed in second quarter

July 31, 2026

(World Oil) — Petrobras increased its oil and natural gas production 14.1% year over year to a record 3.34 MMboed in the second quarter of 2026, driven by the continued ramp-up of major pre-salt developments in the Santos basin and improved operational efficiency across its offshore portfolio. Production also rose 3.4% from the first quarter as the company benefited from increasing

bp boosts U.S. Gulf output with Atlantis expansion startup

July 31, 2026

(World Oil) — bp has started production from its Atlantis expansion project in the U.S. Gulf of America/Mexico, adding approximately 10,000 boed of gross peak annualized production while extending the life of one of the company’s flagship deepwater developments. Located about 150 miles south of New Orleans, the Atlantis field has been producing for nearly two decades. The expansion includes two new subsea

Gulf oil exports struggle to recover despite higher Hormuz traffic

July 31, 2026

(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

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

July 30, 2026

(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

July 30, 2026

(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

July 30, 2026

(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

Goldman Sachs: Diesel crunch is now the biggest threat in oil markets

July 30, 2026

(Oil Price) – The biggest oil supply squeeze is currently in diesel markets amid the lowest global refining activity for this time of year since the 2020 pandemic, Goldman Sachs says. War-induced refinery outages in the Middle East and Russia have collapsed global fuel supply, especially of diesel, while increased output in the Americas and Africa has managed to offset

Cash flow without the capex

July 29, 2026

(By Oil & Gas 360) – Oil and gas investing is often associated with drilling rigs, production growth, and volatile commodity prices. Yet one of the industry’s most resilient business models operates largely behind the scenes. Royalty and mineral companies own the rights to the resources beneath the ground, not the wells that produce them. Instead of funding drilling programs,

Premium Content