(Oil & Gas 360) – The Permian Basin has been written off before. Each time, it proved the opposite: it grew faster, produced more, and pushed U.S. oil supply to new highs. But today, the question isn’t whether the Permian is running out. It’s how much longer it can keep doing what it’s done for the past decade, and more importantly,
(Oil & Gas 360) By Greg Barnett, MBA – (Part 2 of 6)- For most of the modern history of oil and gas, supply was constrained by geology, technology, or access. Today, it is constrained by something far more durable: capital discipline. This is not a slogan. It is an observable shift in behavior that explains more about current market
(Oil & Gas 360) – Ending Terrorizing, Now Including Ending Its Funding, Needs Much More, Oil & Natural Gas, The Best When-Needed/Where-Needed Energy Sources. The rulers Of Iran, immensely prepared to battle to rule, needing intense effort to bring peace has us heading UP to a profitable, multi-year, oil & nat. gas Drilling Boom. Expectations, oil prices (Figure A) and nat. gas
(Oil Price) – Global oil inventories are crashing and approaching an eight-year low, with the rate of depletion so fast that it exposes the market to further shocks, according to Goldman Sachs. Total oil stocks globally have dropped to about 101 days of expected demand, the lowest level in nearly eight years, analysts at Goldman Sachs said in a note
(Oil Price) – OPEC’s second-largest producer, Iraq, is offering huge discounts of up to $33.40 per barrel off the official selling prices for its crude that has to move through the Strait of Hormuz. Iraq’s oil production and exports have been severely crippled due to the hostilities in the Middle East and the de facto closure of the Strait of Hormuz, which
(Oil & Gas 360) – The United Arab Emirates’ decision to exit OPEC after roughly six decades is one of the most consequential developments in the modern oil market, not because it alters global supply overnight, but because it exposes the structural limits of cartel governance in a world of diverging producer incentives. The move comes amid wider global fragmentation. Multilateral
(By Oil & Gas 360) – At first pass, the April 2026 EIA Monthly Energy Review reads almost uneventfully. U.S. energy production is high. Consumption is mostly flat. Prices are stable in real terms. Trade is positive. But that surface calm is deceptive. A comparison with the April 2016 Monthly Energy Review shows that today’s apparent equilibrium is the end
(Oil Price) – European benchmark natural gas prices erased an early 3% loss at Monday opening and were up by 1.3% in morning trade in Amsterdam, as the commodity markets watch with apprehension the latest U.S.-Iran standoff at the Strait of Hormuz. The front-month contract of the Dutch TTF Natural Gas Futures, the European benchmark for gas trading, was up by
(World Oil) – Abu Dhabi National Oil Company (ADNOC) has outlined plans to award up to $55 billion in projects between 2026 and 2028, signaling an acceleration of upstream and broader energy investment as the UAE charts its path following its exit from OPEC. The planned awards form part of ADNOC’s existing five-year capital expenditure program and mark what the company described as
(By Oil & Gas 360) – Energy markets are moving beyond volatility into something more structural. This week, the story wasn’t just price swings or disruption — it was how prolonged instability is beginning to reshape economies, trade flows, and capital decisions. The longer the crisis persists, the more permanent the shifts become. THIS WEEK’S 5 HEADLINES THAT MATTERED 1.
(World Oil) – Occidental Petroleum said President and CEO Vicki Hollub will retire effective June 1, 2026, with Chief Operating Officer Richard Jackson set to assume the role. Jackson will also join the company’s board of directors upon becoming CEO. Hollub, who has led Occidental since 2016, will remain on the board following her retirement, providing continuity during the leadership transition. The move follows what the
(By Oil & Gas 360) – Suriname has been one of the most talked-about emerging oil provinces in recent years, often mentioned alongside Guyana as part of the same transformational offshore basin. Early discoveries in Block 58, led by TotalEnergies and APA Corporation, confirmed a working petroleum system and pointed to hundreds of millions of barrels of recoverable resources, quickly putting
