United States Archives - Oil & Gas 360

Hormuz Strait to remain shut until U.S. meets interim deal conditions, Iran says

August 18, 2026

(BOE Report) – The Strait of Hormuz will remain shut until the U.S. meets the conditions of an interim deal signed with Iran in June, the top Iranian negotiator Mohammad Baqer Qalibaf said in comments published by state media on Tuesday. These conditions include the U.S. liftingits blockade of Iranian ports, lifting oil sanctions,releasingTehran’s frozen assets, and ending threats and

Oil majors reap $93 billion windfall from the Iran war

August 17, 2026

(Oil Price) – Oil prices have soared in recent months as a result of the almost complete closure of the Strait of Hormuz, a key trade corridor connecting Asia and Europe. High fossil fuel prices have helped to drive up the profits of oil and gas companies around the globe, particularly in the United States and Europe. As a few

Asian refiners buy more US crude as Hormuz remains blocked, traders say

August 14, 2026

(BOE Report) – At least four Asian refiners bought U.S. crude this week, as the Strait of Hormuz remained effectively closed and refiners sought alternative supplies for delivery later this year, traders said. Shipping traffic at the Strait of Hormuz fell below the average for this month towards the end of the week due to competing U.S. and Iran claims

U.S. backs X-Energy reactor with up to $2.15 billion

August 13, 2026

(Oil Price) – Washington is putting real money behind advanced nuclear. The US Department of Energy is gearing up to hand X-energy another $1 billion for its planned nuclear project with Dow in Texas, bringing total federal funding available for the project since 2021 to as much as $2.15 billion. That is no longer demonstration-project pocket change. CEO Clay Sell

Oil hovers around $91 after fresh U.S. attacks on Iran

July 30, 2026

(Investing) – Oil prices pared back earlier gains on Thursday, as investors weighed the impact of fresh U.S. strikes on Iranian targets and assessed data showing a drop in U.S. crude stockpiles. As of 06:10 ET (10:10 GMT), Brent crude futures, the global oil benchmark, had climbed 0.4% to $91.14 per barrel, while U.S. West Texas Intermediate (WTI) crude futures were slightly higher

Global nuclear power capacity set to jump by 44% by 2036

July 8, 2026

(Oil Price) – The world’s fleet of nuclear power capacity is expected to surge by 44% over the next decade as China will topple the United States as the biggest nuclear power capacity holder and India will hike its capacity to boost energy security. These are the estimates in a new report by BloombergNEF, which sees total global nuclear capacity at 535 gigawatts

Oil prices fall as traders bet on U.S.-Iran deal

May 27, 2026

(Oil Price) – Oil prices dropped by around 4% early on Wednesday as hopes of a U.S.-Iran deal outweighed concerns about rapidly drawing inventories as the Strait of Hormuz remained closed on the back of fresh U.S.-Iran hostilities. As of early Wednesday trade in Europe, WTI Crude, the U.S. benchmark, is down by 4.32% at $89.83 per barrel. The international benchmark, Brent

Iran lays out sweeping demands as U.S. weighs military strike pause

May 19, 2026

(Oil Price) – Iran wants the U.S. blockade and sanctions to be lifted and Iran’s frozen funds to be released in the latest peace proposal to the United States, Iranian state media reported on Tuesday. “The Iranian proposal to end the war includes the country’s insistence on its right to uranium enrichment and peaceful nuclear activities, an end to conflicts across

Trump, Xi to weigh tariff cuts on $30 billion of imports in managed trade push

May 13, 2026

(BOE Report) – The U.S. and China are expected to inch toward a managed trade mechanism for non-sensitive goods this week, with each side possibly identifying some $30 billion worth of goods on which they could reduce tariffs and sell to each other without crossing national security red lines. The so-called “Board of Trade” was first broached by U.S. Trade

UAE exit shakes OPEC’s grip on oil markets

April 29, 2026

(By Oil & Gas 360) – The United Arab Emirates stepping away from OPEC and the broader OPEC+ framework would mark one of the most consequential shifts in oil market governance in decades. For a group that has long relied on cohesion, quota discipline, and the political alignment of its core Gulf members, the loss of a major, technically capable

Countries need to step up on Strait of Hormuz, says - oil and gas 360

Countries need to step up on Strait of Hormuz, says Hegseth

March 31, 2026

(Investing) – WASHINGTON – The United States has done the lion’s share of the work in making Iran less of a threat and other countries now need to step up to reopen the critical Strait of Hormuz waterway, Defense Secretary Pete Hegseth said on Tuesday. Hegseth cited President Donald Trump’s early morning exhortation to other countries to loosen Iran’s stranglehold on

G7 moves to steady oil markets: by Oil & Gas 360- oil and gas 360

Energy Directions: United States Energy Price Outlook, March 2026

March 30, 2026

(Oil & Gas 360) – United States Energy Price Outlook, Natural Gas Outlook, Supply/Demand Assessment, March 2026 More fear continues providing great buy-low opportunity. The word “Tariff” creating great fear has been joined by “War” and “Recession” fear that are increasing uncertainty. The S&P 500 had a 16.4% gain in 2025. It was up 0.5% year to date (YTD) before

Premium Content