US distillate exports surged to a record last week as global supplies tightened. Disruptions across the Gulf area and various surrounding maritime chokepoints, as well as Ukrainian one-way attack drone strikes that have paralyzed portions of Russia’s energy infrastructure, have been a major boon for US refiners and export terminals along the Gulf of America....Continue Reading

SLB and Equinor have signed a multi-year agreement for reservoir stimulation services on the Norwegian Continental Shelf, including a major upgrade of the Island Captain vessel to support development of tight offshore reservoirs. SourceContinue Reading

ExxonMobil has linked a proposed $80 billion expansion of Kazakhstan’s Kashagan oil field to resolving long-running disputes between the government and international partners, according to people familiar with the discussions. SourceContinue Reading

Mining Giant Glencore Looks Beyond London With Secondary ASX Listing | 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 – Aug 06, 2026, 2:00 PM CDT Glencore is...Continue Reading

Russian Oil Production Climbs Above 9 Million Bpd in July | OilPrice.com Julianne Geiger Julianne Geiger is a veteran energy journalist and market analyst with more than a decade of experience covering the global oil and gas sector. Her… More Info Related News By Julianne Geiger – Aug 06, 2026, 1:30 PM CDT Russia increased...Continue Reading

Mexico has ruled out fracking in a key shale basin, drawing a line through a resource-rich area even as the country looks for ways to cut its dependence on U.S. natural gas. President Claudia Sheinbaum said hydraulic fracturing will not be allowed in the Tampico-Misantla basin beneath Veracruz and Tamaulipas. The government cited the basin’s...Continue Reading

Mexico will prohibit oil and gas fracing in the Tampico-Misantla shale basin, while continuing to evaluate unconventional gas development in other regions as it seeks to reduce reliance on U.S. natural gas imports. SourceContinue Reading

Formentera Partners, Daly Waters Energy and INPEX have contracted a new Helmerich & Payne FlexRig to support appraisal and development of Australia’s Beetaloo basin, expanding drilling capacity for the unconventional gas play. SourceContinue Reading

This Megaproject Could Keep Brazil’s Oil Boom Running Deep Into The 2030’s | OilPrice.com Natalia Katona Natalia Katona is a freelance commodity analyst, based in the United Arab Emirates. More Info Premium Content By Natalia Katona – Aug 06, 2026, 12:00 PM CDT Bumerangue could become the project that keeps BP’s oil production – and...Continue Reading

Aramco Deepens Asia Oil Discount Ahead of Possible Hormuz Deal | OilPrice.com Julianne Geiger Julianne Geiger is a veteran energy journalist and market analyst with more than a decade of experience covering the global oil and gas sector. Her… More Info Related News By Julianne Geiger – Aug 06, 2026, 11:30 AM CDT Saudi Arabia...Continue Reading