Crude Oil Archives - Page 18 of 923 -

Clean energy investment hits $2.2 trillion, nearly double fossil fuels

June 18, 2026

(Oil Price) – Despite historic political headwinds against the global decarbonization effort, clean energy spending continues to see a meteoric rise around the world. The International Energy Agency’s World Energy Investment 2026, published in May of this year, projects that of the $3.4 trillion dollars that the world will spend on energy investments this year, $2.2 trillion will go to clean

Hormuz reopening gains momentum as tankers resume transit

June 18, 2026

(World Oil) – Oil and LNG shipments through the Strait of Hormuz accelerated Thursday as the U.S.-Iran interim agreement began taking effect, with stranded cargoes leaving the Persian Gulf and producers testing the reopening of one of the world’s most important energy corridors. According to vessel-tracking data compiled by Bloomberg, four supertankers carrying approximately 8 million bbl of crude either exited

Vance says 60-day period in Iran deal begins Thursday

June 18, 2026

(Investing) – WASHINGTON – U.S. Vice President JD Vance said the 60-day window laid out in a memorandum of understanding approved by President Donald Trump and Iranian leaders begins on Thursday. “I would say the 60-day period officially started today,” Vance told reporters at a White House briefing. Asked what happens after the 60-day period in terms of governance of the

IEA sees significant 2027 oil surplus after Hormuz recovery

June 17, 2026

(BOE Report) – The oil market will move into a significant supply surplus in 2027 after recovering from the closure of the Strait of Hormuz, the International Energy Agency said in its monthly oil market report on Wednesday. The U.S. has announced an interim agreement to end the Iran war, which includes Iran reopening the strait and the U.S. lifting

Trump says he did not want to see economic catastrophe as he defends Iran deal

June 17, 2026

(Investing) – EVIAN-LES-BAINS, France – U.S. President Donald Trump on Wednesday defended the U.S. deal with Iran in his remarks at the close of a G7 summit in France, saying he did not want to see an economic catastrophe that could have been triggered by a continued war in the Middle East. “So the one thing I didn’t want to see

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

U.S. crude oil inventories decrease by 8.3 million barrels

June 17, 2026

Weekly Crude Oil Storage as of June 12, 2026 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 8.3 million barrels from the previous week. At 418.2 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,

Back to where we started?

June 16, 2026

(By Oil & Gas 360) – The proposed sixty-day ceasefire between the United States and Iran with Pakistan as mediator has been greeted by energy markets with a sense of relief. Oil prices retreated from crisis levels, shipping companies began preparing for a gradual return to normal operations, and insurers started reassessing the elevated war-risk premiums that had accompanied weeks

The Engineered Barrel – Part I: Matt Simmons, aging reservoirs, and the new physics of global oil

June 16, 2026

(Oil & Gas 360) By Greg Barnett, MBA – For most of the modern petroleum era, the global oil market operated around a relatively straightforward belief system. If prices rose high enough, new supply would arrive. If prices collapsed low enough, drilling activity would slow, demand would recover, and the market would rebalance. Generations of executives, investors, traders, and researchers

Lower costs see oil sands emerge as one of North America’s most attractive plays

June 16, 2026

(BOE Report) – Alberta’s oil sands have emerged as one of North America’s most attractive oil plays as costs rise in competing basins like the Permian in Texas, according to a recent report. The oil sands hold 177 billion barrels of proved reserves, making it the largest play in North America by a wide margin. Existing operations have some of the continent’s lowest

Equinor targets 2.3 MMboed by 2030, boosts oil and gas investment

June 16, 2026

(World Oil) – Equinor has outlined plans to increase production to 2.3 MMboed by 2030, supported by higher investment in oil and gas projects, increased production on the Norwegian Continental Shelf (NCS) and continued growth in its international portfolio. During its Capital Markets Day 2026 presentation, the company said it expects to grow production by approximately 150,000 boed by the end of the

$Energy Market Assessment: The fracking revolution working here & freedom growing over there- oil and gas 360$

Energy Market Assessment: The fracking revolution working here & freedom growing over there

June 15, 2026

(Oil & Gas 360) – The Fracking Revolution Working Here & Freedom Growing Over There Have UP The Direction We Head With Prosperity Production Growing Here. Employment Increasing and it more than expected confirms prosperity producing growth the direction we head. Establishments increasing employment 172,000 in May to another new record high of 159.001 million (Figure 1, red line) was notably

Oil slips 4% as US, Iran reach peace deal to reopen Strait of Hormuz

June 15, 2026

(BOE Report) – Oil prices slipped to their lowest since March on Monday after U.S. President Donald Trump and Iran’s deputy foreign minister said they had reached an initial deal to end the war and to resume traffic through the Strait of Hormuz. Brent crude futures fell $3.58, or 4.10%, to $83.75 a barrel by 0004 GMT and U.S. West

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