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Brent Holds Above $100 as Conflict Drags

13 March 2026, 9:13pm
Brent closed above $100 for a second session while traders weigh war risks and extreme volatility.
Read more... (source: www.rigzone.com)

Mines Across Hormuz Would Create Lethal Barrier

13 March 2026, 9:00pm
Iran has vowed to keep the strait closed, but whether it's actually mining the area is contested.
Read more... (source: www.rigzone.com)

USA Crude Oil Stocks Rise Almost 4MM Barrels WoW

13 March 2026, 3:20pm
Crude oil stocks, not including the SPR, stood at 443.1 million barrels on March 6, according to the EIA's latest weekly petroleum status report.
Read more... (source: www.rigzone.com)

Oil Drillers Resort to Trucks as California Pipe Idled

13 March 2026, 2:00pm
Oil drillers in central California have resorted to the costly and cumbersome alternative of trucking crude barrels 50 miles.
Read more... (source: www.rigzone.com)

U.S. natural gas production reached a new record in 2025

13 March 2026, 2:00pm
U.S. marketed natural gas production reached a new record in 2025, growing by 5.3 billion cubic feet per day (Bcf/d) to average 118.5 Bcf/d, according to our latest Natural Gas Monthly. Three regions—Appalachia, Permian, and Haynesville—accounted for 67% of the total marketed gas production in the United States in 2025 and for 81% of the growth last year.
Read more... (source: www.eia.gov)

DOI Announces Results of BBG2 Lease Sale

13 March 2026, 12:23pm
13 companies submitted 38 bids totaling $69,838,782, a DOI statement highlighted.
Read more... (source: www.rigzone.com)

Petronas Makes Discovery offshore East Java

13 March 2026, 11:06am
'The Barokah-1 discovery reinforces the compelling exploration potential we continue to see in the Northern Madura region, East Java'.
Read more... (source: www.rigzone.com)

Analyst Warns of 'Big, Big Risk' for Oil Over Weekend

13 March 2026, 10:19am
No one in their right mind would dare to sit short oil over the coming weekend, SEB Chief Commodities Analyst Bjarne Schieldrop said.
Read more... (source: www.rigzone.com)

TotalEnergies Raises Production in Lapa offshore Brazil

13 March 2026, 9:12am
The field, in the Santos basin, now has a production capacity of about 60,000 barrels per day of oil.
Read more... (source: www.rigzone.com)

UAE Cuts Crude Shipments to Partners

13 March 2026, 7:52am
ADNOC cut the volume of crude for its onshore partners by about a fifth for this month, although the flows will still go to a port outside the all-but-shuttered Strait of Hormuz.
Read more... (source: www.rigzone.com)

Court Upholds Petrofac Deal with Creditors

13 March 2026, 7:36am
A court upheld a 'voluntary arrangement' between the energy engineering company and certain creditors, in a challenge by UK tax authorities that threatened to delay Petrofac's sale of its Asset Solutions business.
Read more... (source: www.rigzone.com)

Brent Closes Above $100 Amid Gulf Crisis

12 March 2026, 9:58pm
Oil surged as Gulf supply disruptions pushed Brent above $100 for the first time since 2022.
Read more... (source: www.rigzone.com)

USA to Release 172MM Barrels of Oil for IEA Relief Plan

12 March 2026, 9:00pm
The Trump administration plans to release 172 million barrels from the U.S. emergency oil reserve.
Read more... (source: www.rigzone.com)

USA Oil, Gas Hiring Remains Disciplined

12 March 2026, 3:31pm
U.S. oil and gas hiring 'remains disciplined, not aggressive', Brian Binke, the President and CEO of Michigan based the Birmingham Group, told Rigzone.
Read more... (source: www.rigzone.com)

USA Eyes Hormuz Escorts by April

12 March 2026, 3:11pm
The U.S. Navy could start escorting tankers through the Strait of Hormuz by the end of this month, Energy Secretary Chris Wright said.
Read more... (source: www.rigzone.com)

Average USA Gasoline Price Nears $3.6 Per Gallon

12 March 2026, 2:02pm
The average regular gasoline price in the U.S. is $3.598 per gallon as of March 12, according to the AAA Fuel Prices website.
Read more... (source: www.rigzone.com)

Fossil generation could rise with faster-than-expected growth in data center power demand

12 March 2026, 2:00pm
Electricity demand has been rising steadily since 2020 after more than a decade of little change. Between 2020 and 2025, U.S. electricity demand, as measured by net energy for load, grew about 1.7% annually compared with 0.1% annual growth between 2005 and 2019. Electricity use by data centers is driving the electricity demand growth. Continued development of these large computing facilities and growth from expanded industrial use of electricity are likely to continue driving growth in U.S. electricity demand in the near term. In this analysis, we explore the potential impact of faster-than-expected electricity demand growth, while assuming the same future generating capacity as the February Short-Term Energy Outlook (STEO).
Read more... (source: www.eia.gov)

ExxonMobil Seeks to Move Legal Address to Texas

12 March 2026, 1:00pm
'We believe Texas legislators, judges and juries that are more familiar with our business are more likely to provide legal certainty'.
Read more... (source: www.rigzone.com)

Oman Evacuates Oil Port as Ships Hit in Gulf

12 March 2026, 10:50am
Two crude tankers were hit in Iraqi waters and Oman's key oil export terminal was evacuated, as risks to global energy supply from the Middle East war deepened.
Read more... (source: www.rigzone.com)

Oil Market Shrugs Off 400MM Barrel IEA Reserve Release

12 March 2026, 10:16am
'Threats to the energy structure in the Middle East have kept oil prices bid', Aaron Hill, Chief Market Analyst at FP Markets, said.
Read more... (source: www.rigzone.com)

Eni Signs Up for 15-Year Biomethane Supply from France

12 March 2026, 8:26am
Eni's Plenitude and Seya Group's Methagora signed an agreement under which Italy's Eni will buy 50 gigawatt hours per year of biomethane over 15 years from Methagora's French production.
Read more... (source: www.rigzone.com)

Equinor Proves More Oil and Gas around Sleipner, Troll

12 March 2026, 7:23am
Equinor discovered more oil, gas and condensate on Norway's side of the North Sea, with plans to extract the resources via existing infrastructure in the Sleipner and Troll areas.
Read more... (source: www.rigzone.com)

Annual U.S. crude oil exports decrease for first time since 2021

10 March 2026, 2:00pm
Annual U.S. crude oil exports in 2025 decreased 3% from 2024, the first annual decrease since 2021. Exports decreased to Europe and the Asia and Oceania region, the two top regional destinations for U.S. crude oil. Despite fewer crude oil exports, U.S. crude oil imports decreased by more. Overall, U.S. net imports of crude oil—total imports minus total exports—decreased from 2.5 million barrels per day (b/d) in 2024 to 2.2 million b/d in 2025.
Read more... (source: www.eia.gov)

U.S. exports of major transportation fuels in 2025 were about the same as in 2024

9 March 2026, 2:00pm
In 2025, exports of major petroleum-based transportation fuels, including distillate fuel oil, motor gasoline, and jet fuel, averaged 2.4 million barrels per day (b/d), about the same as the previous year. Distillate fuel oil, commonly sold as diesel, accounts for more than half of these exports, and the entirety of the annual decrease. Exports of gasoline and jet fuel increased slightly in 2025 over 2024. As in previous years, Mexico was the most popular destination by volume for all three fuels, especially gasoline.
Read more... (source: www.eia.gov)