Record Texas output strengthens U.S. oil supply outlook
Oil production in Texas has reached record levels, reinforcing the United States’ position as a leading global energy supplier. According to recent…
Oil and Gas Market News, Page 4
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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Hormuz risks highlight uneven outlook for Middle East oil producers
Rising tensions around the Strait of Hormuz are drawing renewed attention to how differently Middle Eastern oil-producing countries could be affected by…
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Texas energy activity improves as uncertainty stays elevated
Oil and gas activity in the Eleventh District increased in the first quarter of 2026, according to the Dallas Fed Energy Survey…
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Permian output estimates rise after EIA play update
The U.S. Energy Information Administration said it revised its Permian Basin estimates after adding the Avalon, Barnett, Dean, and Woodford plays to…
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Oil prices ease as Hormuz shipping talks continue
Oil prices moved lower on March 16 as traders evaluated efforts to restore shipping through the Strait of Hormuz after recent disruptions…
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G7 weighs emergency oil reserve release as prices climb 29%
G7 finance ministers are discussing whether to coordinate a release of emergency crude supplies through the International Energy Agency after oil prices…
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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…
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U.S. Energy Development plans up to $1B for Permian in 2026
U.S. Energy Development Corp. (USEDC) says it expects to deploy up to $1 billion in 2026, largely targeting upstream oil and gas…
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AI spending shifts to lift output from mature US shale wells
A new report says oil and gas operators are increasingly directing artificial intelligence investment toward improving production performance in mature US shale…
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