Crude Oil Archives - Page 3 of 891 -

Mexico’s oil and gas sector needs certainty to drive investment, AMEXHI says

April 16, 2026

(World Oil) – The Mexican Association of Hydrocarbons Companies (AMEXHI) has expressed support for the federal government’s gas strategy aimed at strengthening energy sovereignty, while emphasizing the need for improved investment conditions to advance oil and gas development. The industry group said that enhancing competitiveness, regulatory certainty and physical security will be critical to attracting capital and accelerating upstream activity in

China added more crude to its massive stockpile in March, but outlook shifts: Russell

April 16, 2026

(BOE Report) – China continued to build the world’s largest stockpile of crude oil in March even as the rest of the world started to draw on inventories to compensate for the loss of millions of barrels from the effective closure of the Strait of Hormuz. China, the world’s biggest crude importer, had surplus oil of 1.74 million barrels per

US will punish fraud and insider trading, derivatives regulator tells Congress

April 16, 2026

(Investing) – WASHINGTON – Washington’s top derivatives regulator on Thursday reassured lawmakers that the United States will punish fraud as concern mounts on Capitol Hill that oil, stock and prediction market players are illicitly trading on inside information from the White House, according to prepared remarks seen by Reuters. The first congressional testimony by the current chair of the U.S. Commodity

Petrochemicals in a volatile world

April 15, 2026

(By Oil & Gas 360) – The global petrochemical industry is entering a different phase, one where growth is still happening, but the rules are changing underneath it. Capacity is expanding in some regions, demand is accelerating in others, and geopolitics is reshaping flows almost overnight. At the same time, companies are being forced to balance cost, resilience, and sustainability

Japan to deploy $10 billion to help Southeast Asia cope with oil shock

April 15, 2026

(Oil Price) – Japan is readying a $10-billion financial support package for Southeast Asian economies to help them procure crude oil amid the supply shock from the Middle East, Japanese news outlet NHK reports. Japan’s Prime Minister Sanae Takaichi is set to unveil the package on Wednesday at an online summit meeting of the Asia Zero Emission Community plus, or

Transocean adds $445 million backlog with Petrobras drillship extension

April 15, 2026

(World Oil) – Transocean has secured a long-term contract extension with Petrobras for its ultra-deepwater drillship Deepwater Corcovado, adding approximately $445 million to the company’s backlog. The 1,156-day extension will begin in direct continuation of the rig’s current work offshore Brazil and is expected to keep the drillship contracted through November 2030. The award reflects continued demand for high-specification ultra-deepwater drilling capacity in Brazil’s

World’s top oil companies to rake in extra $234 billion in war profits

April 15, 2026

(Oil Price) – An analysis by The Guardian has revealed that the world’s largest Oil & Gas companies, as well as major oil producers such as Saudi Arabia and Russia, will make an extra $234 billion in windfall profits by the end of the year if oil prices continue to average $100 per barrel. According to the exclusive report,

Oilpatch holding off on investment changes despite crude price surge

April 15, 2026

(BOE Report) – Canadian oil and gas producers are benefiting from the surge in commodity prices driven by the Middle East war, but they say it’s not changing their investment plans in the near-term. The chief executive at oilsands giant Cenovus Energy says it’s too early on in the crisis to know what the enduring changes to the market are

Strait of Hormuz traffic barely affected on first day of US blockade, data shows

April 15, 2026

(Investing) – SINGAPORE/LONDON – The first full day of a U.S. blockade on vessels calling at Iranian ports made little difference to Strait of Hormuz traffic on Tuesday, with at least eight ships including three Iran-linked tankers, crossing the waterway, shipping data showed. U.S. President Donald Trump announced the blockade on Sunday after weekend peace talks in Islamabad between the U.S.

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

U.S. crude oil inventories decrease by 0.9 million barrels

April 15, 2026

Weekly Crude Oil Storage as of April 10, 2026 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 0.9 million barrels from the previous week. At 463.8 million barrels, U.S. crude oil inventories are 1% above the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data,

EnerCom Opens Registration for the 31st Annual Energy Investment Conference August 17–19, 2026 in Denver, Colorado

April 14, 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. Sponsorship opportunities are available for companies seeking to increase their market presence DENVER – April 13, 2026 – EnerCom, Inc. (“EnerCom”) today announced that registration is now open for its 31st annual EnerCom Denver

Oil shock 2.0: Inflation back, rate cuts fading

April 14, 2026

(By Oil & Gas 360) – The market isn’t just reacting to higher oil prices. It’s reacting to what those prices mean this time. What’s unfolding looks less like a temporary spike and more like a second-order shock, one that’s already starting to ripple through inflation, interest rates, and growth expectations in ways that feel more persistent than 2022. This time,

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