(BOE Report) – Baker Hughes said on Monday it expects annual global spending by oil and gas producers to decline modestly this year, with growth in Latin America, offshore Africa, and North America land offset by lower spending in Europe and the Middle East. The Middle East conflict has dominated energy markets this year, with repeated flare-ups in tensions between
RIYADH – Oman has presented a proposal to Iran for joint regional management of the Strait of Hormuz with shipping firms paying voluntary fees, a Gulf source told Reuters on Tuesday. The Strait of Hormuz — which carried a fifth of global oil and liquefied natural gas before the Iran war — has become the main hurdle in peace talks and
(Oil Price) – TotalEnergies will appeal a landmark decision of the Paris Judicial Court from last month, which ordered the French supermajor to align its business to climate change goals as it held it responsible for climate change. In a statement on Monday, TotalEnergies said that it had decided to appeal the ruling, rendered under the French duty of vigilance law, arguing that
(BOE Report) – One of the debates since the start of the Iran war has been whether crude oil futures are accurately reflecting the stresses in physical markets for both oil and refined products, or if they are blindly optimistic that peace is around the corner. The Iran war between the United States and Iran continues along its volatile
This week’s Baker Hughes Rig Count shows that the U.S. increased by 1 last week, resulting in a total count of 587 rigs. Canada increased by 6 over last week, resulting in a total Canadian count of 204 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Barnett, DJ-Niobrara, Granite Wash, and the Haynesville experienced an increase
(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 – July 23, 2026 – EnerCom, Inc. (“EnerCom”) is pleased to publish presentation times for participating companies on the conference
(By Oil & Gas 360) – This week reinforced a familiar reality: energy markets are increasingly being shaped by the intersection of geopolitics, infrastructure, and capital allocation. Escalating attacks on commercial shipping in the Red Sea and Gulf of Oman pushed oil above $100 per barrel and tightened physical crude markets, while natural gas prices climbed as LNG demand strengthened and
(Oil & Gas 360) – Publisher’s Note: SLB will be a panel presenter and will host one-on-one meetings at EneCom Denver – The Energy Investment Conference at the Westin Downtown, August 17-19, 2026. Register to attend. (World Oil) – SLB reported higher second-quarter revenue as broad-based international growth, led by offshore activity, more than offset continued disruptions across the Middle East. Second-quarter revenue increased 5% year over year
(Oil Price) – Saudi Arabia, which at the start of the Iran war redirected virtually all crude exports through its East-West pipeline to Yanbu on the Red Sea, has seen crude exports from Yanbu crumble by 41% to about 2.39 million barrels per day (bpd) by June, from a peak of 4.07 million bpd in March, Wood Mackenzie vessel tracking
(BOE Report) – The number of tankers crossing the Strait of Hormuz fell to just one on Thursday, the lowest level since May 7, according to shiptracking data, amid ongoing shipping risks in the Middle East and as oil prices surged back to $100 a barrel. Only one tanker crossed the Strait of Hormuz on July 23, compared with three
(Investing) – Physical crude oil prices in the Middle East, Europe and Africa rose this week to two-month highs, with some approaching $110 per barrel. Supply disruptions linked to conflicts in Iran and Ukraine left buyers searching for alternative sources. Dated Brent, the global oil price benchmark used to price over 60% of the world’s physical crude cargoes, reached $105.70 per
(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 – July 23, 2026 – EnerCom, Inc. (“EnerCom”) is pleased to publish presentation times for participating companies on the conference
