Equinor has outlined plans to increase production to 2.3 MMboed by 2030, supported by higher investment in oil and gas projects, expanded activity on the Norwegian Continental Shelf and 30% growth in international production. SourceContinue Reading

Brent crude fell below $80/bbl for the first time in more than three months as markets priced in increased oil supply following the U.S.-Iran agreement to reopen the Strait of Hormuz. Analysts lowered price forecasts as expectations grew for a recovery in Persian Gulf exports. SourceContinue Reading

Dubai and Murban Crude Signal End of Middle East Supply Crunch | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jun 16, 2026, 8:30 AM CDT The benchmark crude grades of the Middle East have slumped this week as the U.S.-Iran deal raises hopes that supply...Continue Reading

Qatar Eyes Quick LNG Restart Once Hormuz Reopens | OilPrice.com Tsvetana Paraskova What I Cover Tsvetana Paraskova is an energy and commodities journalist who has contributed to Oilprice.com for nearly a decade, covering global energy markets, commodities,… More Info Related News By Tsvetana Paraskova – Jun 16, 2026, 7:30 AM CDT Qatar prepares to quickly...Continue Reading

India’s ONGC Considers Resuming Venezuela Oil Operations | OilPrice.com Tsvetana Paraskova What I Cover Tsvetana Paraskova is an energy and commodities journalist who has contributed to Oilprice.com for nearly a decade, covering global energy markets, commodities,… More Info Related News By Tsvetana Paraskova – Jun 16, 2026, 6:30 AM CDT ONGC Videsh Ltd (OVL), the...Continue Reading

World’s Largest Tanker Operator Cautions Against Hormuz Rush | OilPrice.com Tsvetana Paraskova What I Cover Tsvetana Paraskova is an energy and commodities journalist who has contributed to Oilprice.com for nearly a decade, covering global energy markets, commodities,… More Info Related News By Tsvetana Paraskova – Jun 16, 2026, 5:00 AM CDT The U.S.-Iran deal has...Continue Reading

Banks Slash Oil Price Forecasts After U.S.-Iran Breakthrough | OilPrice.com Irina Slav What I Cover Irina Slav has been writing about global energy markets since 2007, covering the oil and gas industry, energy security, commodities, and the… More Info Related News By Irina Slav – Jun 16, 2026, 3:30 AM CDT Morgan Stanley and Goldman...Continue Reading

ConocoPhillips Set to Become First U.S. Major to Sign Post-War Syria Gas Deal | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jun 16, 2026, 2:30 AM CDT ConocoPhillips is set to sign a deal with Syria’s state gas company this week for the development of...Continue Reading

International Petroleum Corp. has achieved first oil at its Blackrod Phase 1 thermal oil sands project in Alberta, with production beginning ahead of schedule and on budget. The project is expected to reach its 30,000-bopd plateau rate by late 2027. SourceContinue Reading

China’s Refinery Runs Hit Four-Year Low as Crude Imports Collapse | OilPrice.com Irina Slav What I Cover Irina Slav has been writing about global energy markets since 2007, covering the oil and gas industry, energy security, commodities, and the… More Info Related News By Irina Slav – Jun 16, 2026, 1:00 AM CDT Chinese refiners...Continue Reading