(By Oil & Gas 360) – What began as wartime disruption has evolved into something far more strategic, Iran is increasingly turning access through Hormuz into geopolitical and economic leverage. The shift is becoming more visible by the week as Tehran expands operational control, imposes new transit procedures, and reshapes how commercial shipping moves through one of the world’s most important
(Oil & Gas 360) By Greg Barnett, MBA – For years, America’s rare‑earth and critical‑minerals problem was framed as a single failure: too much dependence on China, too little domestic mining. That framing was incomplete. What is emerging now is not a race to simply dig faster. It is a coordinated effort to rebuild capability across an entire system—using defense
(BOE Report)- U.S. shale producers have the lowest stock of drilled-but-uncompleted wells on record, limiting their ability to move quickly to boost crude output and replace rapidly depleted oil inventories after exports and refinery processing jumped to plug the shortfall in supply caused by the U.S.-Israeli war on Iran. Producers in the United States have increased exports to Asia and
This week’s Baker Hughes Rig Count shows that the U.S. increased by 4 last week, resulting in a total count of 562 rigs. Canada increased by 24 over last week, resulting in a total Canadian count of 162 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Permian regions experienced an increase this week. Meanwhile, no regions
(World Oil) – Several vessels transiting through the Strait of Hormuz have been attacked in recent days, underscoring the “very real” risks that remain for shipowners in the Persian Gulf whether or not a peace accord is signed, Chevron Corp. Chief Executive Officer Mike Wirth said. “There still has been kinetic activity this week, some of which has been reported in the
(Investing) – HOUSTON – Oil futures fell more than 2% on Friday and were on track for their steepest weekly decline since early April after reports that the U.S. and Iran had reached agreement on a potential ceasefire extension. Brent crude futures for July, which expire later on Friday, were down $1.74, or 1.86%, at $91.97 a barrel by 10:58 a.m. CDT
(By Oil & Gas 360) Part II – Oil and gas companies once measured competitive advantage in barrels, acreage, and reserves; now they are increasingly measuring it in processing power, analytics capability, and data quality. Because the next phase of the industry is not just about producing hydrocarbons more efficiently, it is about understanding markets, assets, infrastructure, and risk faster
(Oil & Gas 360) By Greg Barnett, MBA – The difference between Saudi Arabia, Iran, and the United States ultimately resolves into a simple question: how much oil is there, how much can be produced, and how certain is that production? The only way to answer that question rigorously is with numbers. The United States still possesses a vast hydrocarbon
(Investing) – Bernstein told investors in a note on Thursday that it sees $75 per barrel as a reasonable long-term oil price assumption for equity valuation, citing a new survey of the 50 largest listed oil and gas companies globally that points to rising marginal costs and a declining reserves outlook. Analyst Neil Beveridge estimated that the global oil marginal
(BOE Report) – French oil major TotalEnergies made the decision to buy large amounts of Middle East crude in March after its traders noticed the U.S. Navy amassing ships near the Gulf in February, its CEO told French newspaper Le Figaro in an interview published on Thursday. “Our oil traders — and it’s their job — noticed that the U.S. Navy was
(Oil Price) – Global oil inventories are fast approaching a critical point, with Asia the first facing “minimum operational levels” and Europe close behind. This is the latest in a growing series of warnings from industry experts about the state of oil supply and the prospects of a severe shortage. It seems the world is running out of time to avert
(World Oil) – Former bp Plc Chairman Albert Manifold says he was fired without warning or explanation and will challenge the company’s version of events, deepening the turmoil around the UK oil major’s latest leadership change. bp ousted Manifold on Tuesday after eight months on the job, citing serious concerns related to “governance standards, oversight and conduct.” The company didn’t provide further details in
