crude oil Archives - Oil & Gas 360

The global supply reset: The next barrels, where markets are looking now

April 23, 2026

(By Oil & Gas 360) – As established supply centers face constraints, attention is shifting toward the next wave of production. These are not traditional basins. They are emerging, less developed, higher-risk regions, but increasingly necessary in a market that needs new supply. Frontier exploration is back. Recent offshore discoveries in Namibia have re-energized interest in underexplored basins, suggesting that

China’s oil giants begin selling crude as refinery cuts deepen

April 22, 2026

(Oil Price) – The trading arms of some of China’s biggest state-owned oil giants have started selling crude for May loadings in a rare move from the majors that have cut refinery rates in response to soaring oil prices and constrained crude supply from the Middle East. Sinopec, the world’s biggest refiner by capacity, and Sinochem Group have already sold

Energy Market Assessment: Our predictions, Strait of Hormuz safely opens in 3-4 weeks

April 20, 2026

(Oil & Gas 360) By Michael Smolinski – Our Predictions: Strait Of Hormuz Safely Open In 3-4 Weeks, We’ve Seen Retail Oil Price Highs, Much Higher Natural Gas Prices Will Follow April Lows. Operation Epic Fury jumped retail oil prices to burdensome highs. Responses to Operation Epic Fury include the Weekly California No. 2 Diesel retail price jumping

The global supply reset: The Middle East, still the core, but under pressure

April 16, 2026

(Oil & Gas 360) – The Middle East remains the center of gravity in global energy, but it is no longer viewed as a stable foundation. It is now both the system’s anchor and its primary fault line. No other region combines scale, cost advantage, and spare capacity the way the Middle East does. Saudi Arabia and the UAE continue

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

The global supply reset: Africa back in play

April 14, 2026

(By Oil & Gas 360) – Africa is moving back to the center of global energy strategy, and this time, the interest looks more durable. After years of underinvestment driven by capital discipline, energy transition pressures, and above-ground risk, oil majors and independents are once again allocating capital across key African basins. The shift is being driven by a familiar

OPEC lowers second-quarter global oil demand forecast on Iran war

April 13, 2026

(Investing) – LONDON – OPEC on Monday lowered its forecast for world oil demand in the second quarter by 500,000 barrels per day, the producer group’s monthly oil report showed in its first public assessment of the Iran war’s impact on the market. OPEC sees a smaller hit to oil demand from the war this year than some other forecasters, such

360 Energy Pulse: What mattered this week in energy

April 10, 2026

(By Oil & Gas 360) – The ceasefire didn’t calm energy markets; it complicated them. Prices remain elevated, supply remains uncertain, and the ripple effects of recent disruptions are still moving through the system. This week made one thing clear: even when conflict pauses, its impact doesn’t. THIS WEEK’S 5 HEADLINES THAT MATTERED 1. Ceasefire fails to stabilize oil markets Oil

Why pressure toppled Caracas but not Tehran

April 9, 2026

(Oil Price) – Just over a month since President Donald Trump’s decision to go to war with Iran, taken in the shadow of his military intervention in Venezuela, the contrast between the two is hard to ignore. One intervention is drifting into uncertainty, while the other is settling into something easily described as a success. As the world’s attention remains fixed

Ceasefire window opens, but energy markets stay on edge

April 8, 2026

(By Oil & Gas 360) – A fragile pause in Middle East hostilities is offering global energy markets a moment to breathe, even as underlying risks remain firmly in place. Recent diplomatic movement, reportedly supported by Washington and quietly reinforced by regional actors, has created a short window for de-escalation between Iran and its adversaries. Israel has signaled alignment with a

War redraws energy trade routes

April 7, 2026

(By Oil & Gas 360) – As conflict in the Middle East disrupts traditional flows, Russia is quietly repositioning itself to capture new openings in global energy trade. Officials in Moscow have pointed to the shifting landscape as an opportunity, less about replacing lost barrels and more about redirecting them. When established routes tighten, trade does not stop; it moves.

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