Crude Oil Archives -

Iranian strike on Kuwait airport raises stakes for Gulf States

June 3, 2026

(Oil Price) – Iranian drones and missiles struck Kuwait International Airport overnight, hitting Terminal One, killing at least one person, injuring several others, and causing what Kuwaiti authorities described as significant material damage. Kuwait immediately suspended air traffic, activated emergency procedures, and diverted flights to alternative airports. In what is being viewed as one of the most direct Iranian strikes against

U.S. crude oil inventories increase by 0.5 million barrels- oil and gas 360

U.S. crude oil inventories decrease by 8.0 million barrels

June 3, 2026

Weekly Crude Oil Storage as of May 29, 2026 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 8.0 million barrels from the previous week. At 433.7 million barrels, U.S. crude oil inventories are 3% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data,

Supply risks are building beneath the surface

June 2, 2026

(By Oil & Gas 360) – The oil market has spent the past several weeks trading optimism. Prices have retreated from their crisis highs as investors bet that diplomacy, ceasefire extensions, and negotiations between Washington and Tehran will eventually restore flows through the Strait of Hormuz. Yet a growing number of traders, analysts, and industry executives are warning that markets may

The United States can see every barrel; it does not control where they go

June 2, 2026

(Oil & Gas 360) By Greg Barnett, MBA – The United States possesses the most capable financial surveillance system and the most sophisticated space-based intelligence architecture in the world. It can track cargoes leaving Iranian terminals, identify tankers operating without signals, reconstruct shipments conducted in the dark, and map the commercial networks moving those barrels across oceans. There is no

HSBC flags a super-squeeze in the oil market

June 2, 2026

(Oil Price) – The Middle East crisis and the still closed Strait of Hormuz have created a “super-squeeze” in oil markets, which could lead to sharp price spikes, analysts at HSBC say. Prices have rallied in recent months not because of some “super-cycle” but because of the massive supply disruption and an actual squeeze in physical supply, the UK-based bank said

IEA sees possibility of critically low stockpiles ahead of peak summer demand

June 2, 2026

(BOE Report) – Global oil inventories could hit critical levels ahead of the peak summer demand period if stock draws continue at their current pace, the head of the International Energy Agency’s oil industry and markets division said on Tuesday. “We’re seeing stock draws continuing into the summer, and with the possibility or the likelihood that we reach critical levels

Shell earns MiQ methane certification across U.S. Gulf portfolio

June 2, 2026

(World Oil) – Shell has become the first operator to receive MiQ methane emissions certification across its entire Gulf of America/Gulf of Mexico production portfolio, with all 10 offshore assets earning the organization’s top Grade A methane performance rating. The certification follows an independent third-party audit conducted under MiQ’s methane emissions standard. According to MiQ, the rating reflects low methane intensity as well

Oil prices steady as Iran reviews US deal to end war

June 2, 2026

(Investing) – NEW YORK – Oil prices were little changed in volatile trade on Tuesday as the market waited for news on the war in the Middle East as Iran reviewed a proposed agreement with the United States to halt the war. Brent futures were up 17 cents or 0.2% to $95.15 a barrel at 10:19 a.m. EDT (1419 GMT), while U.S. West

EnerCom Denver Premier Networking Events for the 31st Annual Energy Investment Conference, Monday Charity Golf Tournament, Monday VIP Welcome Mixer, and Tuesday Casino Night August 17–19, 2026, in Denver, Colorado

June 1, 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 Limited presentation openings are available for E&P, Midstream, OFS, Energy Transition, and Emerging Technology companies Sponsorship opportunities are available for companies seeking to increase their market presence EnerCom, Inc. (“EnerCom”) is

Energy scarcity is not a trade; it’s a condition

June 1, 2026

(Oil & Gas 360) By Greg Barnett, MBA – The global energy conversation is stuck in a loop. Prices rise, pundits shout “demand destruction,” politicians promise relief, and models dutifully predict reversion. Then reality fails to cooperate. Again. What’s being missed is simple but uncomfortable: much of what looks like volatility today is actually structure asserting itself. Oil, refined products,

Oil jumps over $6 on Iran report of halted U.S.-Tehran exchanges, Hormuz blockade risk

June 1, 2026

(Investing) – NEW YORK – Oil prices surged more than $6 per barrel on Monday after Iran’s Tasnim news agency reported that Tehran’s negotiating team has halted message exchanges with the United States and its allied “Resistance Front” are considering measures to completely block the Strait of Hormuz and choking other waterways including the Bab el-Mandeb Strait. The report comes after

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

360 Energy Pulse: What mattered this month in energy

May 31, 2026

(By Oil & Gas 360) – May may ultimately be remembered as the month energy markets stopped treating geopolitical disruption as temporary and started pricing it as structural. What began as rising tension around the Strait of Hormuz evolved into something broader: tighter inventories, shifting trade flows, renewed LNG urgency, and growing concern that the global energy system has far

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