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Strait of Hormuz tensions push oil benchmarks higher

Oil markets moved higher as traders assessed rising tensions around the Strait of Hormuz, a key chokepoint for global crude flows. The route is widely viewed as strategically important because a sizable share of seaborne oil and refined products…

U.S. Energy Development plans up to $1B for Permian in 2026

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U.S. Energy Development Corp. (USEDC) says it expects to deploy up to $1 billion in 2026, largely targeting upstream oil and gas opportunities in the Permian Basin. The plan follows a similar $1 billion deployment in 2025 and builds on the company’s…

AI spending shifts to lift output from mature US shale wells

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A new report says oil and gas operators are increasingly directing artificial intelligence investment toward improving production performance in mature US shale plays. Rather than prioritizing new exploration workflows, companies are using AI-enabled…

Energy Transfer upsizes Desert Southwest pipeline, boosting capacity

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Energy Transfer said it will increase the size of its Desert Southwest pipeline expansion before construction begins, raising the mainline diameter to 48 inches from 42 inches. The company said the change could lift capacity to as much as 2.3…

Oil rises above $75 as U.S. reinstates Hormuz blockadeJuly 15, 2026 - 6:45 am
Hormuz shipping patterns keep oil market attentionJuly 8, 2026 - 6:00 am

News

Strait of Hormuz tensions push oil benchmarks higher

U.S. Energy Development plans up to $1B for Permian in 2026

AI spending shifts to lift output from mature US shale wells

Energy Transfer upsizes Desert Southwest pipeline, boosting capacity

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