Industry & Analysis
News
June 11, 2026
Oil prices fell nearly 4% after President Trump abruptly canceled planned strikes against Iran and signaled progress toward a potential agreement, easing immediate concerns over Kharg Island and Persian Gulf oil exports.
News
June 11, 2026
President Trump threatened additional strikes against Iran and raised the prospect of targeting Kharg Island, the country's primary oil export hub, escalating concerns over global crude supplies and the future of energy flows through the Persian Gulf.
News
June 11, 2026
Even as flows through the Strait of Hormuz gradually improve, Enverus warns the damage to global oil inventories may already be done. New modeling suggests OECD stocks could fall to a 20-year low, keeping Brent above $100/bbl well into 2027.
News
June 10, 2026
WTI crude settled above $91 per barrel after President Trump warned of possible new strikes against Iran and U.S. government data showed a larger-than-expected draw in crude inventories, adding to concerns over global oil supplies.
News
June 10, 2026
Chevron, YPF and Pluspetrol are expected to commit volumes to a $3 billion natural gas liquids project in Argentina's Vaca Muerta shale basin, a move that could pave the way for final investment approval and help ease infrastructure constraints on future production growth.
News
June 09, 2026
A new report from the Permian Strategic Partnership highlights the Permian basin's growing economic influence, supporting more than 940,000 U.S. jobs, contributing billions in economic activity and accounting for nearly half of projected U.S. oil production by 2027.
News
June 07, 2026
Peace talks between the U.S. and Iran remain deadlocked 100 days into the conflict, while renewed military exchanges and continued disruptions in the Strait of Hormuz keep pressure on global oil markets and regional energy infrastructure.
News
June 07, 2026
The Railroad Commission of Texas assessed more than $1.1 million in enforcement penalties against operators and businesses during its latest open meeting, including fines issued through both default and agreed orders related to oil and gas and pipeline safety compliance.
News
June 05, 2026
The Trump administration is opening sealed bids for nearly 690,000 acres in Alaska's Arctic National Wildlife Refuge, setting up a key test of industry interest in one of North America's most prospective—and politically contentious—oil and gas regions.
News
June 04, 2026
The U.S. House of Representatives has passed legislation to reauthorize the Permit Processing Improvement Fund, an industry-funded program that supports Bureau of Land Management offices responsible for oil and gas leasing, permitting and production activities on federal lands.
News
June 03, 2026
Fresh military exchanges between the U.S. and Iran are placing new strain on a fragile ceasefire and raising uncertainty around negotiations aimed at reopening the Strait of Hormuz and restoring regional energy flows.
News
June 03, 2026
Transportadora de Gas del Sur is pursuing a roughly $1 billion financing package to support its $3 billion Vaca Muerta NGL project, a major infrastructure development designed to expand processing, transportation and export capacity for Argentina's growing shale sector.
News
June 03, 2026
New Enverus research shows U.S. Class VI carbon storage permit approvals are accelerating in 2026, while new application activity has slowed, creating a growing pipeline of CCS projects awaiting regulatory review.
News
June 03, 2026
Kuwait is evaluating expanded overseas oil storage capacity and alternative export routes after disruptions linked to the Iran war highlighted the country's dependence on the Strait of Hormuz for crude exports.
News
June 02, 2026
Despite ongoing U.S.-Iran negotiations, commercial shipping traffic through the Strait of Hormuz remains sparse, highlighting continued uncertainty over when energy flows may begin returning to normal.
News
June 02, 2026
Vitol has warned that Western governments are underestimating the severity of the global oil supply crunch caused by disruptions in the Strait of Hormuz, with the company estimating demand destruction has reached approximately 4 MMbpd worldwide.
News
June 01, 2026
Oil prices climbed sharply after reports that Iran plans to suspend communications with the United States, raising concerns about ongoing ceasefire negotiations and efforts to restore energy exports through the Strait of Hormuz.
News
May 30, 2026
Ship traffic through the Strait of Hormuz is beginning to recover as U.S. military officials provide navigation guidance to commercial vessels, offering cautious optimism for oil and LNG flows despite continuing security concerns in the region.
News
May 29, 2026
Chevron CEO Mike Wirth said multiple vessels transiting the Strait of Hormuz were attacked this week, highlighting persistent security risks for oil shipping even as the United States and Iran move closer to a potential ceasefire agreement.
News
May 28, 2026
The U.S. and Iran have reportedly reached a tentative agreement to extend their ceasefire by 60 days and continue negotiations over Tehran's nuclear program and the Strait of Hormuz, though final approval from President Trump remains pending.
News
May 28, 2026
Reform UK Deputy Leader Richard Tice promoted expanded North Sea drilling and lower energy costs during a meeting with major energy companies, highlighting growing political pressure on the UK’s net zero and energy transition policies.
