Fitch projects $100-$110 oil through July
Fitch Ratings raised its 2026 outlook for the global oil and gas sector to “improving” from “neutral,” according to reporting from MSN…
Oil and Gas Market News, Page 3
The Guardian News Team sums up the week’s oil and gas market news, with short updates on oil prices, supply and the Permian Basin.
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Oil forecasts rise as energy costs stay elevated
S&P Global Market Intelligence reported that commodity price forecasts moved higher in May as disruptions around the Strait of Hormuz continued to…
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Oil moves above $100 as markets track Iran talks
The Guardian reports that Brent crude moved back above $100 a barrel on Tuesday after new U.S. strikes on Iranian targets reduced…
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EOG keeps West Texas' Delaware Basin central to oil plans
EOG Resources continues to make the Delaware Basin a core part of its West Texas operations as the company adjusts its capital…
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Permian basin reinforces its role in U.S. energy supply
Oil & Gas 360 reports that the Permian Basin remains one of the most important oil-producing regions in the world, supported by…
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ExxonMobil leads Permian production growth outlook
Midland Reporter-Telegram reports that Permian Basin oil producers are generally planning for moderate output growth in 2026, with ExxonMobil standing out as…
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US and EU sign critical minerals supply agreement
The United States and the European Union have reached a new agreement aimed at strengthening supply chains for critical minerals used in…
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Higher oil price range emerges as new market balance
Analysis from Standard Chartered suggests that global oil markets may be settling into a higher pricing range than in recent years, with…
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Permian basin drilling inventory supports long-term activity outlook
The Permian Basin continues to demonstrate a deep inventory of economically viable drilling locations, reinforcing expectations for sustained oil and gas development…
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