(By Oil & Gas 360) – Global energy supply is being reshaped, not by a single event, but by a shift in where the next barrels are coming from. For much of the past decade, the story was relatively clear. U.S. shale growth, OPEC+ management, and steady demand shaped a market that, while volatile, remained broadly predictable. That framework is
(BOE Report) – As Big Oil executives gathered this week and discussed the biggest-ever disruption to global energy supplies due to the war in Iran, there was one impact they did not address publicly: the multibillion-dollar windfall they will make because of soaring prices for the energy they sell. Global benchmark Brent crude has so far averaged around $97 per
(World Oil) – ADNOC CEO Sultan Al Jaber warned that disruption of the Strait of Hormuz represents a direct threat to global energy security, describing attempts to block the vital waterway as “economic terrorism” with far-reaching consequences for oil and gas markets. Speaking at CERAWeek by S&P Global in Houston, Al Jaber emphasized the strategic importance of Hormuz, through which roughly 20% of
(World Oil)– At least two vessels chartered by Chevron Corp. that picked up oil from Venezuela since the Trump administration launched a partial maritime blockade have successfully unloaded cargoes at U.S. ports, according to data reviewed by Bloomberg. Chevron, which holds a U.S. license to drill and export oil from the sanctioned country, has finished discharging a cargo from the
(Investing.com) – Natural gas prices could surge to $5 per million British thermal units in 2026 as demand rises and supply remains constrained, Morgan Stanley said in a new report assessing winter market scenarios. The bank forecast that U.S. gas storage levels will exit October at around 3.97 trillion cubic feet, roughly 5% above normal, but expects inventories to tighten sharply in the
(Investing.com)– Oil prices were stable on Friday but were still headed for a weekly loss of about 7-8% after news of potential increases to OPEC+ supply. Brent crude futures were up 29 cents, or 0.5%, at $64.40 a barrel by 1311 GMT. U.S. West Texas Intermediate crude was up 27 cents, or 0.5%, at $60.75. For the week, Brent was trading
(Oil Price)-OPEC+’s decision last week to increase its collective oil production has surprised many, given the soft outlook for oil prices for the remainder of this year and into next. It is true that the 137,000 barrels per day (bpd) rise from October is much lower than the 411,000 bpd and 555,000 bpd respective increases for the June and July
