Crude Oil News Archives - Page 2 of 158

ENB Weekly Rig Report: Modest Stability With Year-Over-Year Gains as We Compare Baker Hughes, Enverus, and WellDatabase

October 22, 2026October 22, 2026 Clark Savage306

As of mid-to-late October 2026, U.S. drilling activity shows modest weekly stability or small gains depending on the source, set against a solidly higher year-over-year base. Oil-directed activity continues to dominate; the Permian remains the clear leader, and inventory data point to tighter crude and gasoline stocks alongside a distillate build that still leaves supplies […]

The Five Most Promising Russian-US Economic Opportunities

October 22, 2026 Clark Savage195

ENB Pub Note: An interesting article from Andrew Korybko’s Substack newsletter. With Russia and Ukraine potentially interested in finally ending the war, this could be a bright spot. Doing business with Ukraine and Russia rather than bombing each other. Although Putin might agree to some trade-offs in Ukraine as the quid pro quo for these […]

Halliburton Beats Q3 Forecasts as Overseas Work Offsets a Softer U.S. Oil Patch

October 20, 2026 Clark Savage502

The oilfield-services giant earned $0.60 a share on an adjusted basis and kept buying back stock. North America slipped 5% from the second quarter while the Middle East and Asia grew 8%. Halliburton was among the first energy companies to report third-quarter results, and on Tuesday morning it beat Wall Street’s forecasts. The Houston company […]

Brent Hits a Five-Month High on Gulf Attacks, and Diesel Drivers Feel It First

October 20, 2026October 20, 2026 Clark Savage478

Unconfirmed Houthi strike claims on Saudi oil sites and a reported mine hit in Hormuz pushed Brent past $111. With diesel at $6.32, truckers, farmers and grocery shoppers carry the load, and U.S. barrels and refineries are the cushion. By Energy News Beat | Tuesday, Oct. 20, 2026 | Pump prices as of 7:19 a.m. […]

Hormuz Mines, Russian Refinery Fires and a $25 Gas Gap: What Moved Your Fuel Bill This Week

October 18, 2026October 18, 2026 Clark Savage640

Iran says two loaded tankers hit mines. Ukraine ended a brief energy truce, the SPR put 17 million more barrels on offer, European wholesale gas sits $25 above the U.S. benchmark, and the Secretary of State is touring the world’s largest single-site refinery. Here is how this week’s five biggest stories land in your tank […]

Foreign Buyers and Private Equity Positioned to Drive a Fourth-Quarter Upstream M and A

October 18, 2026October 18, 2026 Clark Savage460

U.S. upstream oil and gas mergers and acquisitions are showing renewed momentum heading into the fourth quarter of 2026, with foreign strategic buyers and private equity sponsors emerging as key potential catalysts for a late-year surge. After volatility tied to geopolitical events earlier in the year tempered activity, dealmaking rebounded in the third quarter, and […]

How Long Will $100 Oil Last? Hormuz, LNG and Coal Are Writing Your Winter Fuel Bill

October 18, 2026 Clark Savage602

Brent closed Friday at $109.86 and the futures market prices $100 oil into spring. Gas costs about nine times more in Europe and Asia than at Henry Hub, the U.S. benchmark, coal demand is headed for a record, and five of the world’s eight oil chokepoints have trouble. Here is what it means for your […]

Trump’s Foreign Policy Takes a Toll on Canadian Oil Prices

October 17, 2026October 17, 2026 Clark Savage500

Canadian oil producers are failing to fully capture a global oil-price surge. Alberta’s oil sands operators are receiving roughly $26 a barrel less than U.S. rivals for their heavy crude, as the Western Canadian Select (WCS) discount to West Texas Intermediate (WTI) has widened dramatically in recent weeks—to levels not seen since late 2023. Source […]

President Trump Signs Executive Order Waiving Key Russian Sanctions and Tariffs Under the Graham Act, Helping Keep Oil Flowing

October 17, 2026 Clark Savage555

On October 16, 2026, President Donald Trump signed an executive order implementing the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 while simultaneously waiving most of its new sanctions, restrictions, and duties. The move, taken under the Act’s national-interest waiver authority (Section 115), came just days before the measures were set to take […]

Oil Over $100 as Markets Struggle to Balance Amid Tanker Attacks and Shipping Disruptions

October 17, 2026 Clark Savage566

Brent crude settled at $109.86 per barrel on Friday, October 16, after touching $110 intraday—the highest since May—while WTI closed at $101.41. The move capped a week of gains driven by persistent supply risks from the ongoing U.S.-Iran conflict (now approaching eight months), Russian-Ukrainian strikes on energy infrastructure, Houthi activity, and a sharp acceleration in […]

Category: Crude Oil News

ENB Weekly Rig Report: Modest Stability With Year-Over-Year Gains as We Compare Baker Hughes, Enverus, and WellDatabase

The Five Most Promising Russian-US Economic Opportunities

Halliburton Beats Q3 Forecasts as Overseas Work Offsets a Softer U.S. Oil Patch

Brent Hits a Five-Month High on Gulf Attacks, and Diesel Drivers Feel It First

Hormuz Mines, Russian Refinery Fires and a $25 Gas Gap: What Moved Your Fuel Bill This Week

Foreign Buyers and Private Equity Positioned to Drive a Fourth-Quarter Upstream M and A

How Long Will $100 Oil Last? Hormuz, LNG and Coal Are Writing Your Winter Fuel Bill

Trump’s Foreign Policy Takes a Toll on Canadian Oil Prices

President Trump Signs Executive Order Waiving Key Russian Sanctions and Tariffs Under the Graham Act, Helping Keep Oil Flowing

Oil Over $100 as Markets Struggle to Balance Amid Tanker Attacks and Shipping Disruptions

About Energy News Beat

Recent Post

Energy Realities – Choke Points in Motion

Gas Hits a Two-Year Low as EQT Strikes $50 Billion-Plus Deal for Range

Quick Links