The U.S. has sanctioned Cuba’s state-owned oil company, Cupet, adding new uncertainty to fuel supply efforts as the island grapples with ongoing energy shortages and constrained petroleum imports. SourceContinue Reading

The United States and Uzbekistan are working to expand business-to-business contacts with the aim of expanding US trade and investment in some key economic sectors, including mining, energy, IT, agriculture, and artificial intelligence. US Assistant Secretary of Commerce David Fogel signed a memorandum of understanding with Laziz Kudratov, the Uzbek minister of investment, on June...Continue Reading

The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 563, up 1 from this same time last year. The number of active oil rigs rose by 2...Continue Reading

The Texas Railroad Commission has begun plugging six leaking orphaned gas wells in Baffin Bay, expanding state remediation efforts using emergency funding aimed at addressing high-priority environmental and safety risks. SourceContinue Reading

Shell is reportedly preparing the sale of its offshore wind portfolio in a deal that could exceed $1 billion, as the company continues to streamline its portfolio and focus investment on higher-return energy projects. SourceContinue Reading

U.S. Military Helping Move 7 Million Bpd Out of Persian Gulf, Wright Says | OilPrice.com Julianne Geiger What I Cover Julianne Geiger is a veteran energy journalist and market analyst with more than a decade of experience covering the global oil and… More Info Related News By Julianne Geiger – Jun 12, 2026, 11:30 AM...Continue Reading

ExxonMobil is reportedly evaluating potential acquisition opportunities in the LNG sector, including Australia’s Woodside Energy, as the company seeks to expand its presence in global gas markets and strengthen access to Asian LNG demand. SourceContinue Reading

More than 38,000 attendees from over 100 countries gathered in Calgary for Global Energy Show Canada 2026, where industry leaders focused on energy security, LNG growth, infrastructure investment and Canada’s role in meeting rising global energy demand. SourceContinue Reading

A War of Words Sends Brent Crude to a Two-Month Low | OilPrice.com Tom Kool Tom majored in International Business at Amsterdam’s Higher School of Economics and later completed an Executive MBA in Energy Transition at the University of Groningen.… More Info Premium Content By Tom Kool – Jun 12, 2026, 10:54 AM CDT Oil...Continue Reading

Europe Wary Of Too Much Dependence on U.S. LNG | OilPrice.com Michael Kern What I Cover My focus spans the global energy landscape and the technologies reshaping it, specifically focusing on oil and gas, renewables, and tech-driven market… More Info Related News By Michael Kern – Jun 12, 2026, 10:30 AM CDT European buyers aren’t...Continue Reading