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Hormuz Ship Insurance Demand Drops

9 July 2026, 3:08pm
London marine insurers have been seeing fewer inquiries for journeys to transit the Strait of Hormuz and some said the cost of cover had risen.
Read more... (source: www.rigzone.com)

USA EIA Reveals Latest Oil Price Forecast

9 July 2026, 2:35pm
The U.S. Energy Information Administration revealed its latest oil price forecast for 2026 and 2027 in its July short term energy outlook.
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)

AEP Texas Secures $3.26B DOE Loan

9 July 2026, 1:00pm
The new loan is on top of a $1.6-billion loan guarantee that AEP earlier secured from the Trump administration's Energy Dominance Financing Program.
Read more... (source: www.rigzone.com)

USA Crude Oil Stocks Rise Week on Week

9 July 2026, 11:23am
Crude oil stocks, not including the SPR, stood at 411.4 million barrels on July 3, the EIA's latest weekly petroleum status report showed.
Read more... (source: www.rigzone.com)

Hormuz Tanker Traffic Stops

9 July 2026, 10:07am
Jorge Leon, Head of Geopolitical Analysis at Rystad, noted that tanker traffic through the Strait of Hormuz had 'essentially stopped'.
Read more... (source: www.rigzone.com)

US Strikes Iran for 2nd Straight Day

9 July 2026, 6:47am
U.S. Central Command said its forces completed another round of strikes 'to further degrade' Tehran's ability to attack commercial shipping in the Strait of Hormuz.
Read more... (source: www.rigzone.com)

TotalEnergies Ships First LNG Cargo from Mexican Pacific Coast to Asia

9 July 2026, 6:47am
'TotalEnergies will be the sole offtaker of LNG during the ramp-up phase'.
Read more... (source: www.rigzone.com)

ADNOC Scores 15-Year Deal to Supply 1 MMtpa of LNG to INPEX

9 July 2026, 6:30am
Nearly 23 percent of Ruwais LNG's 9.6 MMtpa capacity has been offtaken by Japanese customers, ADNOC said.
Read more... (source: www.rigzone.com)

INPEX Starts Appraisal Drilling for Japan CCS Project

9 July 2026, 6:30am
Metropolitan CCS, a joint venture of INPEX and Kanto Natural Gas Development, began drilling an appraisal well for a carbon capture and storage project planned to serve industrial emitters in the Greater Tokyo Area.
Read more... (source: www.rigzone.com)

Oil Surges on Renewed Iran Strikes

8 July 2026, 8:00pm
Oil prices surged to two-week highs after renewed U.S. strikes on Iran and threats to disrupt shipping through the Strait of Hormuz.
Read more... (source: www.rigzone.com)

Qatar Role as USA-Iran Mediator Jeopardized

8 July 2026, 8:00pm
The targeting of a Qatari tanker near the Strait of Hormuz has imperiled the Gulf state's role as one of the primary mediators.
Read more... (source: www.rigzone.com)

Which Country Would Win the Energy World Cup?

8 July 2026, 3:03pm
How would the World Cup's remaining countries get on if they were only judged on their energy supply figures?
Read more... (source: www.rigzone.com)

4 US Advanced Nuclear Reactors Successfully Demonstrated, DOE Says

8 July 2026, 2:54pm
The Energy Department said its Reactor Pilot Program has exceeded Trump's goal to have at least three advanced nuclear reactor designs achieve 'criticality' by the U.S.' July 4 anniversary.
Read more... (source: www.rigzone.com)

Sempra LNG Plant on Mexico's West Coast Exports 1st Shipment

8 July 2026, 2:27pm
Sempra Infrastructure's liquefied natural gas project on Mexico's west coast exported its first shipment, according to ship-tracking data compiled by Bloomberg.
Read more... (source: www.rigzone.com)

LNG Japan Bags Its First Contract to Supply Gas in Australia

8 July 2026, 2:21pm
LNG Japan signed an agreement to supply over 30 petajoules of natural gas to power utility Alinta Energy through its 10 percent stake in the Scarborough field offshore Western Australia.
Read more... (source: www.rigzone.com)

U.S. exports of crude oil and petroleum products reached record in April

8 July 2026, 2:00pm
U.S. petroleum exports reached a record in April as disruptions to international crude oil and refined product flows through the Strait of Hormuz increased global demand for U.S. exports. Exports increased to 13.6 million barrels per day (b/d) in April, 15% more than the previous record set in March.
Read more... (source: www.eia.gov)

Decade of Cheap Henry Hub Gas Coming to End, WoodMac Warns

8 July 2026, 11:48am
'The conditions that kept Henry Hub between $2 to $4 per MMBtu for the best part of a decade are no longer all operating at full force', said Kristy Kramer, Head of LNG Strategy and Market Development at Wood Mackenzie.
Read more... (source: www.rigzone.com)

Oil Rockets Higher as Trump Declares Iran Ceasefire Over

8 July 2026, 10:21am
'To me, I think it's over', Trump said during a press meeting in Ankara.
Read more... (source: www.rigzone.com)

Eni Starts Building Italian Battery Hub, Agrees Chilean Lithium Investment

8 July 2026, 9:10am
Eni broke ground for a project to produce lithium-iron-phosphate batteries at the Brindisi industrial site in Italy, as well as announced an agreement to acquire a stake in a Chilean lithium project.
Read more... (source: www.rigzone.com)

Equinor Awards Contracts for Norway Tiebacks

8 July 2026, 8:05am
Equinor and its partners signed contracts worth around $613 million for four tieback projects in different stages of development offshore Norway.
Read more... (source: www.rigzone.com)

US Cancels Oil Waiver and Strikes Iran Anew

8 July 2026, 6:59am
The U.S. carried out a new round of strikes in Iran targeting more than 80 sites and revoked a waiver allowing new sales of its oil, further imperiling a peace agreement after a series of attacks on ships in the Strait of Hormuz.
Read more... (source: www.rigzone.com)