Oil prices resume gains after Iran accuses U.S. of breaching ceasefire deal
Oil markets rose after Iran accused the United States of violating elements of a two-week ceasefire agreement.
Industry Reports
Industry research, market reports, trend analysis, and intelligence relevant to Permian Basin and energy markets.
Oil, gas prices fall on U.S.-Iran ceasefire, but Hormuz flows remain uncertain
Oil and gas prices dropped sharply after a U.S.-Iran ceasefire deal, but the market remains on edge as Strait of
BLM lease sales raise nearly $600 million in first-quarter 2026
U.S. Bureau of Land Management (BLM) oil and gas lease sales generated $592.7 million in total receipts during the first
Santos reports Alaska appraisal success as Quokka-1 confirms Nanushuk potential
Santos reported strong results from its Quokka-1 appraisal well on Alaska’s North Slope, confirming high-quality Nanushuk reservoir performance with flow
Gas prices should soon start slowly easing if ceasefire holds, analysts say
With oil prices plunging after the U.S. and Iran agreed to a two-week ceasefire, gas prices at the pump might
How to save money on flights as airlines raise prices
Airlines are raising fares, adding fuel surcharges and increasing fees to check bags. Budget conscious travelers are wondering where to
U.S. oilfield services employment rises in March, signaling modest rebound
U.S. oilfield services employment rose to 627,018 jobs in March, gaining 1,877 positions month over month, as energy service companies
ONE-Dyas boosts North Sea gas output to 1 Bcm/year with second N05-A well
ONE-Dyas has brought a second production well online at its N05-A platform in the North Sea, increasing gas output to
First ships pass Strait of Hormuz since Trump-Iran ceasefire, but traffic remains low amid confusion
Iran is reportedly planning to demand that shipping firms pay tolls in cryptocurrency to let their oil tankers through the
Ceasefire deal to reopen Strait of Hormuz eases global energy crisis fears
A U.S.-Iran ceasefire agreement is set to reopen the Strait of Hormuz, easing supply concerns and triggering sharp declines in
Exxon output drops 6% as Middle East war disrupts Gulf operations
ExxonMobil reported a 6% drop in global production in the first quarter as Middle East conflict disrupted Gulf operations, including
Sunda Energy, Finder to collaborate on semisub rig procurement offshore Timor-Leste
SundaGas signed a letter of intent with Finderto jointly secure a drilling rig for separate drilling campaigns offshore Timor-Leste. SundaGas
Reach Oil and Gas to spud Crossroads well in Oklahoma
Reach Oil and Gas is set to spud the Crossroads well in Southern Oklahoma on or around 16 April 2026.
Santos completes Quokka-1 appraisal well on Alaska North Slope
Santos completed the Quokka-1 appraisal well in the Quokka Unit on Alaska’s North Slope, further delineating the high-quality Nanushuk reservoir.
Delta CEO says airline will ‘meaningfully’ cut growth plans, sees $300 million boost from its refinery
Delta is scaling back its flight plans as fuel costs grow to reduce its expenses.
U.S.-Iran ceasefire relief rally lifts global assets as oil plunges below $100
A two-week ceasefire between the U.S. and Iran sparked a broad-based relief rally across risk assets, and even buoying traditional
U.S. oil prices fall more than 8% after Trump agrees to suspend attacks on Iran for two weeks
President Donald Trump had threatened to destroy Iran’s entire civilization if his 8 p.m. ET deadline to reopen the Strait
B27 Intelligence, Energy M&A, Industry Reports
SLB OneSubsea, Subsea7 sign development agreement with PETRONAS Suriname
SLB OneSubsea and Subsea7 have signed a collaboration agreement with PETRONAS Suriname to accelerate offshore subsea developments, enabling early engagement
Emerson adds AI capabilities to Guardian platform for industrial automation
Emerson is adding AI capabilities to its Guardian platform, helping oil and gas operators improve automation performance, speed up troubleshooting
Ecopetrol strike risk eases after CEO exit, union backs off
Colombia’s Ecopetrol has avoided potential operational disruption after its main oil workers union dropped a strike threat following the CEO’s