Crude Oil Archives -

360 Energy Pulse: What mattered this week in energy

July 17, 2026

(By Oil & Gas 360) – Energy markets spent another week caught between tightening fundamentals and volatile geopolitics. Oil briefly climbed to a one-month high as attacks intensified around the Strait of Hormuz, only to retreat as traders questioned whether the disruption would materially reduce global supply. Meanwhile, natural gas, LNG, AI-driven power demand, and long-term infrastructure investment continued to

Oil markets are pricing conflict again

July 17, 2026

(By Oil & Gas 360) – For much of the past decade, oil markets were defined by abundance. The U.S. shale revolution, ample OPEC+ spare capacity, and slowing demand growth encouraged investors to focus on production, inventories, and macroeconomic trends. Geopolitical events still generated headlines, but price spikes were often short-lived as markets assumed disrupted supplies could be replaced and trade

Vitol weighs $2.3-billion sale of Delaware basin producer VTX Energy

July 17, 2026

(World Oil) – Vitol Group is in late stage talks to sell its shale oil venture VTX Energy Partners LLC to a consortium of two private equity buyers – Carnelian Energy Capital and EnCap Investments, a deal that would mark a scaling back for the trader in U.S. upstream oil and gas production. The companies could sign the deal as soon as next week,

U.S. rig count increased by 7, is at 580- oil and gas 360

U.S. rig count increased by 7, is at 588

July 17, 2026

This week’s Baker Hughes Rig Count shows that the U.S. increased by 7 last week, resulting in a total count of 588 rigs. Canada decreased by 19 over last week, resulting in a total Canadian count of 198 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Barnett, Granite Wash, and the Permian experienced an increase this

Canada’s Basel Belly River shale reemerges as oil development hotspot

July 17, 2026

(World Oil) – On the edge of the Canadian Rocky Mountains, companies including Obsidian Energy Ltd. and Yangarra Resources Corp. are breathing new life into a long-dormant gas reservoir — except now they’re drilling for oil. Both firms are fracing into the sandstone that makes up the Basel Belly River formation in an area southwest of the Alberta’s provincial capital Edmonton called Willesden Green. For the

Oil prices heading for weekly surge as U.S., Iran exchange strikes

July 17, 2026

(Investing) – Oil prices advanced on Friday and were on track for sharp weekly gains, as escalating fighting between the United States and Iran kept traders focused on the risk of supply disruptions from the Middle East. As of 09:47 ET (13:47 GMT), Brent crude futures, the global oil benchmark, had risen 3.0% to $86.79 per barrel, while U.S. West Texas Intermediate (WTI)

Register to attend EnerCom Denver August 17–19, 2026, in Denver, Colorado

July 16, 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 pleased

Canada ties new West Coast Pipeline to oil sands expansion

July 15, 2026

(Oil Price) – Canada’s biggest oil sands producers, the Alberta provincial government, and the federal government have reached a new milestone in advancing the planned new West Coast pipeline that would move another 1 million barrels per day (bpd) of oil sands output from the top oil province to the British Columbia coast. The parties on Monday unveiled the backgrounder document of the

Why Iranian, Houthi threats to Red Sea shipping matter more for oil now

July 15, 2026

(BOE Report) – Iran has warned that its campaign to throttle global energy markets could be expanded from the Strait of Hormuz to the vital Red Sea route if U.S. attacks continue, a threat that depends on its Houthi allies in Yemen. This is why it matters and what it means for the Iran war and the global energy crisis:

Oil prices sink, shrugging off renewed Middle East fighting

July 15, 2026

(Investing) – Oil prices fell on Wednesday, shrugging off a new wave of U.S. attacks against Iranian military installations that aimed to limit Tehran’s ability to strike shipping in the Strait of Hormuz and taking heart from a smaller-than-expected drop in U.S. crude oil inventories. Brent futures fell $1.11, or 1.31%, to $83.62 a barrel at 10:43 a.m. CDT (1543 GMT). West Texas Intermediate

U.S. crude oil inventories decrease by 6.1 million barrels- oil and gas 360

U.S. crude oil inventories decrease by 1.7 million barrels

July 15, 2026

Weekly Crude Oil Storage as of July 10, 2026 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 1.7 million barrels from the previous week. At 409.7 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,

Register to attend EnerCom Denver August 17–19, 2026, in Denver, Colorado

July 14, 2026

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