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 553 this week, down 39 from this same time last year. The number of active oil rigs rose...Continue Reading

Iran Doesn’t Need a Navy to Threaten Global Oil Supply | 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 – Mar 13, 2026, 11:00 AM CDT U.S. and...Continue Reading

Hormuz Crisis Forces Massive Saudi Oil Shut-In | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Related News By Julianne Geiger – Mar 13, 2026, 10:38 AM CDT Saudi Arabia has slashed oil output by roughly 20% as...Continue Reading

Kazakhstan’s Tengiz Oilfield Supply Uninterrupted Despite New Incident | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Mar 13, 2026, 10:30 AM CDT The operator of Tengiz, the biggest oilfield in Kazakhstan, on Friday said it is investigating an incident from Wednesday, which has not interrupted...Continue Reading

Iran’s All-or-Nothing Game in the Strait of Hormuz | 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 – Mar 13, 2026, 10:00 AM CDT Brent crude is set...Continue Reading

Middle East Conflict Halts 15% of TotalEnergies Oil and Gas Production | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Related News By Michael Kern – Mar 13, 2026, 9:30 AM CDT The war in the Middle East has effectively shut in 15% of TotalEnergies’ global oil...Continue Reading

For decades, global attention has focused on the potential “red line” of Iran’s nuclear program. Intelligence agencies track centrifuge installations, debate enrichment levels, and speculate about the possibility of a nuclear breakout. But while the world has been watching Iran’s nuclear program, it has a far more immediate strategic lever. Iran’s most powerful weapon is...Continue Reading

Banks Hike Oil Price Forecasts, and Some See $150 Crude | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Related News By Michael Kern – Mar 13, 2026, 8:30 AM CDT Investment banks are scrambling to revise up their oil price forecasts as the Middle East war...Continue Reading

Oil Price Volatility Soars as War Risk Grips the Market | OilPrice.com Premium Content By Editorial Dept – Mar 13, 2026, 7:30 AM CDT Crude oil markets experienced intense volatility between March 8 and March 12 as traders reacted to escalating geopolitical tensions, threats to global oil shipping routes, and emergency supply measures from major...Continue Reading

Global Energy Markets in Crisis as War Chokes Supply Chains | OilPrice.com Premium Content By Editorial Dept – Mar 13, 2026, 7:30 AM CDT Oil on War Footing The disruption to Qatar’s LNG system is now spreading through the global trading network. Shell and TotalEnergies have begun notifying customers that deliveries may be disrupted after...Continue Reading