Production & Industry news

• Crude Sinks as Tensions Ease

  03-08-2026 21:36 via rigzone.com
  Oil prices fell sharply as renewed optimism over Strait of Hormuz negotiations eased fears of prolonged supply disruptions.
  
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• Oil Steadies as Hormuz Tensions Flare

  07-08-2026 22:14 via rigzone.com
  Oil steadied as traders weighed a potential Hormuz deal against persistent Middle East shipping threats.
  
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• ConocoPhillips Announces Leadership Succession

  07-08-2026 13:36 via rigzone.com
  ConocoPhillips has announced a 'planned leadership succession'.
  
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• JPM Now Expects Fed to Hike Rates in December

  07-08-2026 12:24 via rigzone.com
  What does this mean for oil?
  
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• China Monthly Crude Imports Rebound

  07-08-2026 09:47
  China's crude oil imports rebounded last month from a near-decade low, after flows through the Strait of Hormuz picked up and refiners boosted purchases from nations outside the Middle East including Russia.
  
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• Oil Rises as Iran Deal Optimism Fades

  06-08-2026 22:12 via rigzone.com
  Oil rose as doubts grew that an Iran-Oman deal would quickly restore normal shipping through the Strait of Hormuz.
  
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• Aramco Flags 'Historical Supply Constraints'

  06-08-2026 16:34
  Aramco revealed that it achieved total hydrocarbon production of 9.5 million barrels of oil equivalent per day in the second quarter 'despite historical supply constraints'.
  
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• Saudis Cut Key Oil Price Again

  06-08-2026 16:17 via rigzone.com
  Saudi Arabia cut its main crude oil price as some Persian Gulf producers continue to send barrels through the Strait of Hormuz.
  
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• How Did USA Upstream M&A Activity Look in 2Q 2026?

  06-08-2026 13:37 via rigzone.com
  Enverus Intelligence Research announced that U.S. upstream merger and acquisition activity slowed in the second quarter.
  
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• What Has Been the One Constant Through Hormuz Turmoil?

  06-08-2026 12:17 via rigzone.com
  There has been one constant through it all, the S&P Global Energy Crude Oil Markets team outlined.
  
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• Dozens of Idling Iranian Tankers Show USA Blockade Is Working

  05-08-2026 22:00 via rigzone.com
  A growing flotilla of Iranian oil tankers is gathering off the country's coast.
  
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• Oil Extends Losses on Hormuz Talks

  05-08-2026 21:43 via rigzone.com
  Oil fell for a third day as optimism over a potential Strait of Hormuz shipping agreement outweighed ongoing geopolitical risks.
  
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• Texas Oil Regulator, Uni Team Up for Inspector Training

  05-08-2026 17:00 via rigzone.com
  'The new program represents a major advancement for the RRC', the Texas oil regulator stated.
  
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• Wright Says Fuel Shipping Waiver Extension 'Quite Likely'

  05-08-2026 16:30 via rigzone.com
  'I think another temporary extension of the Jones Act waivers are quite likely to happen', Energy Secretary Chris Wright said during a media briefing at the Port of Brownsville in Texas.
  
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• EIR Still Sees Oil at $100 in H2, 2027

  05-08-2026 12:00 via rigzone.com
  'EIR finds that global oil markets remain structurally tight despite recent price volatility', the company said.
  
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• Brent Settles At Three-Week Low

  04-08-2026 22:10 via rigzone.com
  Oil prices tumbled as hopes for a US-Iran agreement raised expectations that shipping through the Strait of Hormuz could resume more normally.
  
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• Trump Says Iran Talks Going Well

  04-08-2026 16:41 via rigzone.com
  The prospect of an interim deal focused on the Strait of Hormuz gained traction.
  
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• Qatar, Bessent Signal Progress on Short Term USA-Iran Deal

  04-08-2026 16:41 via rigzone.com
  The prospect of a deal between the U.S. and Iran appeared to be gaining traction on Tuesday.
  
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• Analysts Warn Outlook Remains Highly Fragile

  04-08-2026 11:34 via rigzone.com
  BMI analysts outlined that they continue to believe a broader diplomatic understanding between the U.S. and Iran remains achievable during this quarter but warned that the outlook remains 'highly fragile'.
  
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• Cuba Suffers 4th Nationwide Blackout in Less Than a Month

  03-08-2026 22:00 via rigzone.com
  Cuba was hit by its fourth island-wide blackout in less than a month.
  
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• Q3 Is Set for Extreme Volatility, Oil Analysts Warn

  03-08-2026 16:50 via rigzone.com
  The near-term outlook is 'highly uncertain', BMI analysts said.
  
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• OPEC+ 7 Decide to Boost Production Quota

  03-08-2026 13:14 via rigzone.com
  'Seven OPEC+ countries ... met virtually on 2 August 2026, to review global market conditions and outlook', a statement posted on OPEC's site highlighted.
  
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• Analysts Look at Latest Oil Price Moves

  03-08-2026 12:20 via rigzone.com
  'Daily price movements are likely to remain sensitive to political rhetoric and developments', Carole Nakhle, Chief Executive Officer of Crystol Energy, told Rigzone.
  
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• Brent Caps Strongest Month Since March

  31-07-2026 23:03 via rigzone.com
  Oil finished July with its strongest monthly gain since March as geopolitical conflicts raised concerns about global crude supplies.
  
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• Industry Groups Welcome SENRC Approval of License to Drill Act

  31-07-2026 13:28 via rigzone.com
  'S.5039 reauthorizes a long-standing policy that is an important framework for federal land producers', Dan Naatz, IPAA EVP and Chief Policy Officer, said.
  
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• Oil Down, Still on Track for 20 Pct Monthly Gain

  31-07-2026 12:13 via rigzone.com
  Both Brent and West Texas Intermediate oil prices were down on Friday but still on track for notable monthly gains, Naeem Aslam, CIO at Zaye Capital Markets, outlined.
  
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• Saudi Gulf Oil Loadings Still Subdued

  30-07-2026 23:00 via rigzone.com
  Oil loadings by Saudi Arabia and other major producers inside the Persian Gulf remained subdued.
  
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• Oil Drops Amid Mixed Supply Signals

  30-07-2026 21:47 via rigzone.com
  Oil prices fell as increased shipping through the Strait of Hormuz offset escalating geopolitical tensions.
  
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• BP Starts Up US Gulf Expansion Project

  30-07-2026 17:16
  BP has raised the production capacity of the Atlantis deepwater field by 10,000 barrels of oil equivalent a day.
  
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• Eni Opens Supercomputing Capabilities to 'Innovation Ecosystem'

  30-07-2026 16:45 via rigzone.com
  Eni announced that it is opening up its supercomputing capabilities to the 'innovation ecosystem'.
  
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