Nigeria is set to ramp up crude oil production to 3 million barrels per day by 2030, according to the country’s upstream regulator, which says reforms aimed at accelerating investment and reducing project delays are beginning to reverse years of declining output. The target would nearly double the country’s current crude production and mark the...Continue Reading

Houthis Declare Naval Blockade on Saudi Arabia as Red Sea Crisis Deepens | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jul 20, 2026, 11:30 AM CDT Yemen’s Iran-aligned Houthis declared an immediate naval blockade on Saudi Arabia on Monday, Reuters reported, bringing the U.S.-Iran war...Continue Reading

New UK Prime Minister Set to Back North Sea Oil and Gas Projects | 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 20, 2026, 11:00 AM...Continue Reading

Drone Strike Halts Exports at Strategic Black Sea Oil Terminal | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jul 20, 2026, 10:25 AM CDT A drone struck a tanker loading crude oil at the Caspian Pipeline Consortium’s (CPC) Black Sea export terminal on Monday, according...Continue Reading

U.S.-Iran Conflict Enters Dangerous New Phase With Fresh Missile Exchanges | OilPrice.com RFE/RL staff RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many… More Info Premium Content By RFE/RL staff – Jul 20, 2026, 10:00 AM CDT U.S. forces...Continue Reading

Oceaneering has secured a five-year asset integrity services contract with a Qatar-based oil company, providing inspection, non-destructive testing and digital integrity management solutions to support production reliability and regulatory compliance. SourceContinue Reading

U.S. Gasoline Prices Climb Back Above $4 Per Gallon | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jul 20, 2026, 9:15 AM CDT The national average price of gasoline in the United States topped $4 per gallon once again on Monday following the crude oil...Continue Reading

Following Andy Burnham’s appointment as UK prime minister, the Aberdeen & Grampian Chamber of Commerce urged the new government to approve key North Sea projects, reform oil and gas taxation and accelerate energy investment while supporting the UK’s energy transition. SourceContinue Reading

Magnolia Oil & Gas will acquire WildFire Energy for approximately $4.06 billion, adding 810,000 net acres and 53,000 boed while creating a larger Eagle Ford and Austin Chalk position in South Texas. SourceContinue Reading

Brent Crude prices briefly hit $90 per barrel in Asian trade on Monday as the Middle East conflict continued to escalate with fresh U.S. strikes on Iran and Tehran targeting American bases in the region and vessels in the Strait of Hormuz. Both Brent Crude and the U.S. benchmark, WTI Crude, were up by 2%...Continue Reading