Oil & Gas Market Watch

The European Commission urged EU states to waive penalties on its methane emissions law for oil and gas firms through 2029, citing risks of supply...

Magnolia Oil & Gas (MGY) signed a definitive agreement Monday to acquire WildFire Energy for $4.06 billion, highlighting ongoing mid-cap consolidation in US upstream.

The US-Iran conflict is creating simultaneous upward pressure on energy costs across regions through Strait of Hormuz disruptions.

• European gas hit...

Sanctions and LNG Logistics

• 🔥 Arctic LNG 2 Modules Delivery: Two sanctioned heavy-lift vessels, Glory Ocean and Bright Ocean, delivered key...

Petronas has signed a seven-year deal to supply 0.84 million tons of LNG to Shizuoka Gas from 2032 on a delivered-ex-ship basis from its global...

WTI crude oil pulled back from $84.68 highs and is now testing the convergence of breakout support and the short-term ascending trendline.

• 38.2%...

Sanctioned heavy-lift ships have delivered critical pipe rack modules to Novatek’s Belokamenka yard, providing the clearest sign yet that Arctic LNG 2...

US strikes on Iran-linked targets and a maritime blockade near Iranian ports have renewed fears of Strait of Hormuz disruptions, lifting Brent to...

Russia's energy export strategy faces simultaneous military and diplomatic pressure, disrupting both oil logistics and gas ambitions.

• Shadow fleet...

• EIA cuts 2026 U.S. regular gasoline forecast from $3.90 to $3.64/gal and 2027 from $3.64 to $3.09/gal.
• Brent drops to $81.91/bbl and WTI to...

The U.S. delivered 93% of worldwide LNG export growth in 2025, adding 1.10 trillion cubic feet out of 1.2 trillion total. That lifted American exports...

Hormuz Geopolitical Risks Lift Oil

• 🔥 11% Weekly Surge: WTI and Brent crude posted 11-12% weekly gains as US-Iran strikes and threats to Strait...

US oil rig count increased by 30 year-over-year for the week ending July 17, with international benchmark Brent crude futures at $88.10 per barrel.

Oil's 11% rally shows traders embedding geopolitical risk through both real supply threats and speculative positioning.

Physical markets tightened as...

• Brent oil (+3,225 contracts) and heating oil (+3,214 contracts) led weekly speculator gains.
• All six energy markets rose, with Brent jumping...

Speculation that Andy Burnham would relax North Sea drilling rules has now hardened into a planned announcement after he becomes PM on Monday.

The...

Key forces reshaping global oil flows:

• Russian refining capacity cut to 39 million b/d after Ukraine struck 24 of 34 major refineries, shifting...

Geopolitical Tensions Lift Oil Prices

• 🔥 US-Iran Conflict Drives Gains: September WTI crude posted its strongest weekly gain in months, rallying...

• Market psychology shift: After a decade of assuming abundant supply and replaceable disruptions, traders now price geopolitical threats to routes...

API weekly data acts as the first read on U.S. crude, gasoline, and distillate stocks, released Tuesdays at 4:30 p.m. ET ahead of the EIA report.

Key...