U.S. Archives - Oil & Gas 360

Explainer-Why is a proposed US-Saudi nuclear pact causing alarm in Washington and the Middle East?

July 22, 2026

(Investing) – DUBAI – The Trump administration backs a nuclear energy pact with Riyadh allowing Saudi Arabia to enrich uranium and process spent atomic fuel, two sources have said, a move that may worry regional states concerned about weapons proliferation. Here are some of the main issues at play: WHAT HAS HAPPENED SO FAR? Washington and Riyadh have for years been discussing

Who owns America’s refining advantage?

July 21, 2026

(By Oil & Gas 360) – For decades, the United States measured energy security by asking whether America could produce enough oil. The shale revolution largely answered that question. The United States became the world’s largest producer of crude oil and natural gas, reducing import dependence and reshaping global energy markets. But production is only one part of the system. Crude

Oil prices heading for weekly surge as U.S., Iran exchange strikes

July 17, 2026

(Investing) – Oil prices advanced on Friday and were on track for sharp weekly gains, as escalating fighting between the United States and Iran kept traders focused on the risk of supply disruptions from the Middle East. As of 09:47 ET (13:47 GMT), Brent crude futures, the global oil benchmark, had risen 3.0% to $86.79 per barrel, while U.S. West Texas Intermediate (WTI)

America extends its lead over Russia and Saudi Arabia in oil output

July 14, 2026

(Oil Price) – While the United States has been the world’s biggest consumer of oil for decades, it became the largest oil producer, too, back in 2018, and has retained that crown ever since. The shale revolution and the growth in the Permian oil production have allowed the U.S. not only to retain the top spot ahead of Russia and Saudi

America’s oil safety net is wearing thin

July 13, 2026

(By Oil & Gas 360) – The U.S. Strategic Petroleum Reserve was created in the aftermath of the 1973 Arab oil embargo to serve one purpose: to provide the country with a buffer against severe supply disruptions. For decades, it represented the ultimate insurance policy for the world’s largest economy, offering confidence that geopolitical crises, natural disasters, or unexpected production

Once you’ve declared independence, the job is to stay independent

July 10, 2026

(Oil & Gas 360) By Greg Barnett, MBA – Hanging in my office is a Bowles map published in 1783, the year America secured its independence. Among the rivers, settlements, mountains, and boundaries of a young Republic appears a single word in western Pennsylvania: Petroleum. The resource was known. The opportunity was not. For nearly eighty years, the hydrocarbons beneath

If diplomacy fails, energy markets face another reckoning

July 8, 2026

(By Oil & Gas 360) – Markets have become remarkably efficient at pricing today’s headlines, but what they struggle to price is tomorrow’s uncertainty. Following months of conflict, supply disruptions, and volatile oil prices, the prospect of an uneasy ceasefire between the United States and Iran has offered financial markets a measure of relief. Crude prices have eased from wartime highs,

When the buffer breaks: Oil, capital discipline, and the next market rotation

June 10, 2026

(Oil & Gas 360) By Greg Barnett, MBA – In a prior analysis, the argument was made that the United States can see nearly every sanctioned barrel moving through the global system but does not fully control where those barrels ultimately go. That distinction—between visibility and control—explains why flows persist despite policy intervention. A second constraint now sits beneath that system.

U.S. oil shocks don’t hit like they used to, Fed study finds

June 4, 2026

(Oil Price) – The United States still feels oil shocks. It just doesn’t feel them the way it did when America was dancing to disco and waiting in gas lines. If the Fed is right, the idea that every oil shock leads to recession is outdated. A new study from the Federal Reserve Bank of Boston finds that rising domestic

Oil prices steady as Iran reviews US deal to end war

June 2, 2026

(Investing) – NEW YORK – Oil prices were little changed in volatile trade on Tuesday as the market waited for news on the war in the Middle East as Iran reviewed a proposed agreement with the United States to halt the war. Brent futures were up 17 cents or 0.2% to $95.15 a barrel at 10:19 a.m. EDT (1419 GMT), while U.S. West

Calling all Wildcatters: The structure of American oil power: Rock, policy, and the future of conventional supply

May 28, 2026

(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

Oil sharply cuts gains after U.S. and Iran said to reach deal pending Trump nod

May 28, 2026

(Investing) – Oil prices on Thursday sharply pared gains after a report that Washington and Tehran had reached a deal to extend an ongoing ceasefire and launch further negotiations over Iran’s nuclear program, pending President Donald Trump’s final approval. Crude prices had earlier ticked higher after the U.S. and Iran traded fresh strikes, denting hopes for a peace deal that would

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