India, South Africa To Boost Their Strategic Petroleum Reserves | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Premium Content By Alex Kimani – Jul 16, 2026, 5:00 PM CDT India and South Africa are expanding strategic petroleum reserves as global energy disruptions, including the...Continue Reading

Canada’s Basel Belly River formation is seeing renewed drilling activity as operators including Obsidian Energy and Yangarra Resources shift from natural gas to oil development. Higher oil prices and stronger economics are driving new investment in the long-dormant Alberta play. SourceContinue Reading

Vitol is reportedly in late-stage talks to sell Delaware basin producer VTX Energy Partners to private equity firms Carnelian Energy Capital and EnCap Investments in a deal valued at approximately $2.3 billion, according to Bloomberg. SourceContinue Reading

Serica Energy Chair David Latin and Ithaca Energy Executive Chairman Yaniv Friedman will co-chair SPE Offshore Europe 2027, leading the conference as the North Sea industry focuses on investment, energy security and the future of offshore development. SourceContinue Reading

IEA Predicts First Decrease in Global Oil Demand Since 2020 | OilPrice.com Felicity Bradstock Felicity Bradstock is a writer and journalist based in Mexico City. She writes for energy websites and covers several other industries, as well as writing… More Info Premium Content By Felicity Bradstock – Jul 16, 2026, 4:00 PM CDT The IEA...Continue Reading

Chevron Moves Closer to Iraq’s Biggest Oil Prize—and a Hormuz Exit Strategy | 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 – Jul 16, 2026, 3:30 PM CDT...Continue Reading

Yemen’s Houthis Threaten New Oil Shock as Civil War Reignites | OilPrice.com Haley Zaremba Haley Zaremba is an energy journalist and researcher with more than a decade of professional experience covering global energy systems, land and natural resources, and… More Info Premium Content By Haley Zaremba – Jul 16, 2026, 3:00 PM CDT Houthi rebels...Continue Reading

The oil and gas industry is shifting its capital investments toward Southeast Asia and Latin America due to prolonged shipping disruptions in the Strait of Hormuz, Eni S.p.A (NYSE:E) CEO Claudio Descalzi has revealed. Speaking to a parliamentary committee on Thursday, the leader of Italy’s Oil & Gas major says that geopolitics in the Middle...Continue Reading

Government Takes Control of British Steel, Citing National Interest | OilPrice.com City A.M CityAM.com is the online presence of City A.M., London’s first free daily business newspaper. Both platforms cover financial and business news as well as sport and… More Info Premium Content By City A.M – Jul 16, 2026, 1:00 PM CDT The UK government...Continue Reading

The European Union has unveiled the Electrification Action Plan, aiming for electricity to account for 46% of total energy consumption within the bloc by 2040, effectively doubling the current rate. Spearheaded by the European Commission, the aggressive policy shift is a direct economic and security response to the energy fallout amid the Middle East conflict....Continue Reading