United States Archives -

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

U.S. gasoline prices climb back above $4 per gallon

July 20, 2026

(Oil Price) – The national average price of gasoline in the United States topped $4 per gallon once again on Monday following the crude oil price rally of the past week amid the renewed hostilities in the Middle East and the fresh de facto closure of the Strait of Hormuz. As of July 20, the national average price for a gallon

Vitol weighs $2.3-billion sale of Delaware basin producer VTX Energy

July 17, 2026

(World Oil) – Vitol Group is in late stage talks to sell its shale oil venture VTX Energy Partners LLC to a consortium of two private equity buyers – Carnelian Energy Capital and EnCap Investments, a deal that would mark a scaling back for the trader in U.S. upstream oil and gas production. The companies could sign the deal as soon as next week,

US lawmakers seek a crackdown on solar imports they say dodge duties

July 16, 2026

(Investing) – A bipartisan group of U.S. lawmakers on Thursday urged the Trump administration to crack down on imports of what they say are partially finished solar cells that are being used to evade trade duties and improperly claim federal manufacturing tax credits, according to a letter seen by Reuters. The debate over so-called blue wafers is part of a long-running

Buccaneer Energy reports production growth at East Texas Pine Mills field

July 15, 2026

(World Oil) – Buccaneer Energy reported continued production growth at its Pine Mills field in East Texas, where average net production has increased to approximately 135 bopd as the company advances enhanced recovery projects and prepares to launch a waterflood later this year. The company said production at Pine Mills has more than doubled since its current management team took over in mid-2024, when

New York imposes first ever moratorium on U.S. data centers

July 14, 2026

(Oil Price) – New York Governor Kathy Hochul has signed the country’s first-ever executive order imposing a statewide moratorium on new large-scale data centers for up to one year. The order freezes the permitting process for new data centers requiring 50 megawatts or more of electricity, placing the fastest-growing source of U.S. power demand on hold while state regulators assess its long-term impact on

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

Tanker traffic slows in Strait of Hormuz after US and Iran clashes

July 10, 2026

(Investing) – DUBAI – Daily tanker traffic in the Strait of Hormuz appeared to have slowed on Friday, after the U.S. and Iran exchanged hostilities this week and renewed their arguments over who was in control of passage through the critical waterway. The attacks renewed concerns about the recovery of global oil supplies and shipping, and highlighted the fragility of an

America at 250: How oil & gas built the republic

July 9, 2026

(Oil & Gas 360) By Greg Barnett, MBA – Less than eighty years after the Declaration of Independence announced the birth of a new nation, another declaration was being written in the hills of western Pennsylvania. It carried no signatures, sparked no rebellion, and invited no accusations of treason. Yet its consequences would prove transformative. In August 1859, Edwin

Oil prices jump over 7% as Iran ceasefire declared ‘Over’

July 8, 2026

(Oil Price) – Oil prices surged over 7% to a two-week high on Wednesday after U.S. President Donald Trump declared that the interim ceasefire agreement with Iran is officially over and dismissed the recently signed memorandum of understanding as a “waste of time.” Brent crude for September delivery spiked 7.6% to trade at $79.76 per barrel at 10:40 am ET, while WTI crude for

Trump Administration advances new California oil lease plans

July 2, 2026

(Oil Price) – The Bureau of Land Management is giving California another chance to weigh in on oil and gas leasing—whether the state wants it or not. On Thursday, the BLM opened a 30-day public scoping period for 50 federal oil and gas parcels covering roughly 36,000 acres across Kern, Kings, Fresno, and San Luis Obispo counties. The parcels could be

Tenaris invests $90 million to modernize Pennsylvania OCTG manufacturing

June 30, 2026

(World Oil) – Tenaris will invest more than $90 million to modernize its steelmaking and seamless pipe manufacturing operations in Pennsylvania, expanding automation and production capabilities to support growing demand from the U.S. oil and gas industry. The investment will fund upgrades at the company’s steel shop in Koppel and seamless pipe mill in Ambridge, where automation and equipment improvements are expected

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