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USA EIA Raises Henry Hub Price Forecast for 2026, 2027

15 July 2026, 2:48pm
The U.S. Energy Information Administration raised its Henry Hub natural gas spot price projection for 2026 and 2027 in its latest short term energy outlook.
Read more... (source: www.rigzone.com)

Russia Oil Sanctions Threat Could Complicate USA-India Talks

15 July 2026, 2:28pm
Fresh U.S. threats to impose sanctions on countries buying Russian oil may complicate ongoing trade negotiations between Washington and New Delhi, according to people familiar with the matter.
Read more... (source: www.rigzone.com)

Asian Oil Refiners Scoop Up USA Crude

15 July 2026, 2:24pm
At least 11 million barrels of U.S. crude were sold to Asia late on Tuesday, and more deals may follow, according to traders.
Read more... (source: www.rigzone.com)

Petroleum markets responded to disruptions in the Middle East in the second quarter

15 July 2026, 2:00pm
Petroleum markets in the second quarter of 2026 (2Q26) were characterized by continued disruptions to international crude oil and petroleum product flows through the Strait of Hormuz, contributing to higher and more volatile crude oil prices through most of the quarter. The disruptions also resulted in international buyers seeking alternative supply sources for petroleum products, driving up U.S. refinery margins, production, and exports.
Read more... (source: www.eia.gov)

USA Oil, Gas Workforce Drops from May to June

15 July 2026, 1:42pm
The number of employees in the oil and gas extraction industry dropped from May to June, data on the U.S. Bureau of Labor Statistics website showed.
Read more... (source: www.rigzone.com)

BMI Says Outlook for Oil Prices in Q3 Now Highly Uncertain

15 July 2026, 10:01am
The outlook for oil prices in the third quarter of 2026 is now highly uncertain, analysts at BMI warned.
Read more... (source: www.rigzone.com)

IMO SecGen Says Hormuz Is Too Dangerous for Ships

15 July 2026, 8:26am
The International Maritime Organization said the Strait of Hormuz remains too dangerous for commercial vessels to transit.
Read more... (source: www.rigzone.com)

Ukraine Says It Hit Russian Oil, Gas Tankers in Black Sea

15 July 2026, 8:21am
Ukrainian forces hit multiple Russian vessels in the Black Sea overnight.
Read more... (source: www.rigzone.com)

Oil Hits One-Month High

14 July 2026, 8:05pm
Oil climbed to a one-month high as renewed Middle East fighting heightened concerns over supplies through the Strait of Hormuz.
Read more... (source: www.rigzone.com)

Vedanta Oil to Invest $5B to Boost Production Fivefold

14 July 2026, 2:14pm
Vedanta Oil and Gas Ltd. will invest $5 billion to expand production by more than five times.
Read more... (source: www.rigzone.com)

Ukraine Hits Russian Refineries, Ships, Moscow Hits Odesa

14 July 2026, 2:05pm
Kyiv struck a slew of Russian energy targets overnight, while Moscow hit fuel facilities in the Ukrainian port of Odesa.
Read more... (source: www.rigzone.com)

Global liquefied natural gas trade volumes reached record high in 2025

14 July 2026, 2:00pm
Global liquefied natural gas (LNG) trade volumes increased 5.4% to a record 56.3 billion cubic feet per day last year (Bcf/d), driven largely by U.S. LNG export capacity expanding to meet growing demand, according to a recent report from the International Group of Liquefied Natural Gas Importers (GIIGNL). Global LNG trade has slowed this year following the closure of the key export route for Qatar, the world's second-largest LNG exporter.
Read more... (source: www.eia.gov)

North America Drops Rigs for 1st Time in Months

14 July 2026, 1:53pm
North America's rig count dropped by 10 rigs week on week, according to Baker Hughes' latest North America rotary rig count.
Read more... (source: www.rigzone.com)

Escalations Damage Hormuz Media Narrative

14 July 2026, 11:00am
Escalations over the past week have damaged the media narrative that has built up over the past few weeks, Standard Chartered Bank Energy Research Head Emily Ashford told Rigzone.
Read more... (source: www.rigzone.com)

Cross-Industry Group Issues Letter to Incoming UK Gov

14 July 2026, 9:05am
A 'powerful' cross-industry group is delivering a 'strongly worded letter' to the incoming UK government, a statement sent to Rigzone by OEUK recently noted.
Read more... (source: www.rigzone.com)

BP Flags $1B Writedown from Low Carbon Business

14 July 2026, 8:24am
BP said it expects to write down another $1 billion from energy transition assets in the second quarter.
Read more... (source: www.rigzone.com)

Houthis Strike Saudi Arabia in Major Escalation

14 July 2026, 8:19am
The Iran-backed Houthi group in Yemen fired ballistic missiles and drones on Saudi Arabia.
Read more... (source: www.rigzone.com)

Oil Soars on Hormuz Blockade

13 July 2026, 8:01pm
Oil surged after President Trump announced plans to reinstate a blockade on Iranian shipping and impose fees on cargo moving through the Strait of Hormuz.
Read more... (source: www.rigzone.com)

Russian Refinery Runs Plunge to Lowest in More Than 2 Decades

13 July 2026, 2:46pm
A wave of Ukrainian attacks has pushed Russian refining runs to the lowest in more than 21 years.
Read more... (source: www.rigzone.com)

UAE Tells OPEC Its Oil Production Surged Last Month

13 July 2026, 2:38pm
The United Arab Emirates informed OPEC that its oil production surged by 80 percent last month.
Read more... (source: www.rigzone.com)

USA Strategic Petroleum Reserve is 56 Percent Empty

13 July 2026, 2:29pm
Or 44 percent full - depending on how you want to look at it.
Read more... (source: www.rigzone.com)

South Africa Plans First Oil Reserves Boost Since Apartheid

13 July 2026, 11:03am
South Africa plans to increase its strategic oil reserves for the first time since the apartheid government stockpiled crude.
Read more... (source: www.rigzone.com)

The United States produced more crude oil than any other country in 2025

9 July 2026, 2:00pm
The United States remained the world's largest crude oil producer in 2025, according to our International Energy Statistics database, extending a streak that began in 2018 when the United States overtook Russia to become the world's leading producer.
Read more... (source: www.eia.gov)