Industry News

The U.S. Energy Information Administration projected that annual U.S. oil production will hit a record this year.

A container ship paid $4 million to cut the line at the Panama Canal.

Presidio assembled an engineering team dedicated to developing and deploying artificial intelligence workflows tailored to oil and gas producers.

The global refining system has little spare room left to respond, Daniel Evans, Global Head of Fuels and Refining Research at S&P Global Energy, said in analysis piece.

Patrick De Haan, Head of Petroleum Analysis at GasBuddy, announced that the U.S. gasoline price had broken a couple of records.

'The increase was primarily driven by higher capital sales project execution activity in Italy, other European countries and North America'.

Iran has reorganized its military to be more aggressive abroad as talks on ending the war with the US remain mired in stalemate.

Meren bumped up the lower ends of its working-interest and entitlement production forecasts for 2026 while revising down the higher ends, even as Nigeria's Agbami field ramps up production following a 2025 turnaround.

Iberdrola's Brazilian arm announced BRL 3.1 billion in investment to expand and modernize the Federal District's electricity infrastructure.

Crude prices were little changed as stalled Hormuz negotiations offset a massive increase in US oil inventories.

Russia's crude-only production lagged behind its OPEC+ quota by almost a million barrels a day in July.

The number of employees in the oil and gas extraction industry hit its lowest level so far in 2026, and the lowest level in years, data on the BLS website showed.

Freight costs for oil tankers shipping crude from the Black Sea to the Mediterranean have risen to a record.

The U.S. Energy Information Administration revealed its latest estimations of the amount of oil going through the world's chokepoints.

Stretching 1,300 miles, the Western Gateway project would 'create a new fuel supply path from St Louis, Missouri, and expanded Gulf Coast origin points to Arizona and California'.

The operator of the Santa Ynez Unit oil project in California expects refiners in the state to start buying more SYU crude oil and rely less on imports beginning next month.

That was thanks to LNG export volumes increasing 45 percent year-on-year to 478.3 trillion British thermal units.

'High solar generation has been very significant and helped ease pressure on electricity prices during the central hours of the day'.

Although production efficiency in the UK Continental Shelf increased last year, total output fell in 2025, the NSTA revealed.

Emirati state-owned company ADNOC is offering to shuttle exports of Iraqi oil through the Strait of Hormuz, using its dark-transit playbook to transport Basrah and other crude to refiners in Asia, according to people familiar with the matter.