Industry & Analysis
News
March 13, 2026
Germany criticized the U.S. decision to temporarily ease sanctions on Russian oil cargoes already at sea, warning the move could send the wrong signal to Moscow as oil prices rise following the Iran conflict.
News
March 13, 2026
Mach Natural Resources reported a 109% increase in total proved reserves to 705 MMboe following acquisitions in the Permian and San Juan basins. The company also posted strong 2025 production of 154 MMboe/d and reaffirmed its 2026 development outlook.
News
March 12, 2026
World Oil/Gulf Energy Information’s Deepwater Development Conference wrapped up its highly successful three-day stand in Lisbon on Thursday. The final day featured a keynote address, one panel solo speakers, and three themed technical sessions. The participants were a good combination of operators and service companies.
News
March 12, 2026
Brent crude surged above $100 per barrel for the first time since 2022 as tanker attacks and shipping disruptions near the Strait of Hormuz triggered the largest supply shock in oil market history.
News
March 11, 2026
World Oil/Gulf Energy Information’s Deepwater Development Conference continued in high gear in Lisbon on Wednesday, featuring a Contractors’ Panel, two solo speakers, and three themed technical sessions. The participants represented a wide mix of service companies and operators.
News
March 10, 2026
Oil prices plunged more than 12% as traders struggled to interpret conflicting signals about tanker traffic and possible U.S. naval escorts through the Strait of Hormuz, the critical chokepoint that handles roughly one-fifth of global oil supply.
News
March 10, 2026
Escalating U.S. and Israeli strikes on Iran are adding new uncertainty to global oil markets as refinery outages, production cuts and the near-closure of the Strait of Hormuz disrupt supply and drive sharp volatility in crude prices.
News
March 10, 2026
Oil briefly surged above $100 per barrel amid the Iran conflict and disruptions to shipping through the Strait of Hormuz, raising concerns that higher energy prices could fuel inflation and pressure global markets.
News
March 09, 2026
Oil prices plunged after U.S. President Donald Trump suggested the Iran conflict could be nearing an end, reversing earlier gains that pushed crude above $100 amid disruptions to shipping through the Strait of Hormuz.
News
March 09, 2026
S&P Global warns the Iran conflict is evolving from a shipping disruption into a full-scale supply crisis, with roughly 17 MMbpd of oil and products affected as the Strait of Hormuz remains effectively shut.
News
March 09, 2026
G-7 finance ministers said they are prepared to release strategic oil reserves if needed to stabilize global energy markets as the Middle East conflict threatens supply and key shipping routes.
News
March 09, 2026
Saudi Arabia has begun cutting oil production as the Strait of Hormuz disruption stalls exports, forcing the kingdom to divert shipments to Red Sea terminals while storage capacity tightens across Gulf producers.
News
March 09, 2026
Oil prices surged above $100 a barrel as Saudi Arabia and other Gulf producers cut output amid the near-closure of the Strait of Hormuz, with tanker traffic halted and storage tanks filling across the Persian Gulf.
News
March 08, 2026
Shipping through the Strait of Hormuz remains near a standstill, with vessel-tracking data showing only Iran-linked ships transiting the vital oil chokepoint as conflict disrupts tanker traffic.
News
March 08, 2026
U.S. Energy Secretary Chris Wright said the recent surge in oil prices reflects a temporary “fear premium” driven by the Iran conflict and disruptions to shipping through the Strait of Hormuz.
News
March 08, 2026
Saudi Aramco shares rose sharply as oil prices surged above $90 amid the Iran conflict and disruptions to shipping through the Strait of Hormuz, tightening global crude supply.
News
March 06, 2026
WTI crude climbed above $90 per barrel for the first time since 2023 as the Iran conflict disrupts shipping through the Strait of Hormuz, tightening global oil supply and driving a sharp market rally.
News
March 06, 2026
Angola says rising oil prices are positive for government revenues but warns the rally driven by Middle East tensions may be temporary and could increase the country’s import costs.
News
March 06, 2026
Petrobras reported net income of $19.6 billion in 2025 as oil and gas production increased 11% to nearly 3 MMboed, supported by new FPSOs in Brazil’s Búzios and Mero fields.
News
March 05, 2026
The Independent Petroleum Association of America welcomed the Interior Department’s move to roll back the offshore financial assurance rule, saying the regulation would have imposed billions in additional costs on independent offshore oil and gas producers.
News
March 05, 2026
WTI crude rose above $81 per barrel, the highest in 20 months, as the escalating Iran conflict disrupts shipping through the Strait of Hormuz and raises fears of prolonged global oil supply shortages.
