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Supreme leader adviser says Iran has legal right to manage Hormuz strait
1+ hour, 20+ min ago (59+ words) BOE Report "Iran's management of Hormuz Strait ends 50 years of insecurity in the Persian Gulf," Iranian news agencies quoted Rezaei as saying. (Reporting by Hatem Maher and Muhammad Al Gebaly Editing by Bernadette Baum) E-mail (for follow-up if needed) What…...
U. S. oil operators in North Dakota cautious on drilling despite price rise
2+ day, 3+ hour ago (223+ words) May 22, 20261: 21 PM Reuters0 Comments While elevated prices have improved near-term fundamentals, most producers are sticking to budgets set at the end of last year, limiting any immediate jump in drilling activity, Mark Bohrer, assistant director of the Oil and Gas Division…...
Devon's Permian purchase to extend drilling inventory, cement top spot
2+ day, 2+ hour ago (114+ words) BOE Report shale producer Devon Energy's $2. 6 billion purchase of new acreage in the Delaware Basin will extend its drilling runway and reinforce its position as the region's top producer, analysts said on Friday Devon bought 16, 300 net undeveloped acres in a…...
Devon Energy Enhances Permian Inventory in Federal Lease Sale
3+ day, 10+ hour ago (394+ words) BOE Report Devon Energy Enhances Permian Inventory in Federal Lease Sale HOUSTON, May 21, 2026 (GLOBE NEWSWIRE) " Devon Energy Corporation (NYSE: DVN) announced the successful acquisition of 16, 300 net undeveloped acres in the core of the Delaware Basin in Lea and Eddy Counties,…...
Blue Chip MRC & Field Services and Knight Measurement Announce Formation of Blue Chip Controls
5+ day, 2+ hour ago (199+ words) May 20, 20267: 25 AM Sponsored Content Valleyview, Alberta | Blue Chip MRC & Field Services and Knight Measurement are pleased to announce the formation of Blue Chip Controls, a newly established 50/50 partnership focused on providing Electrical, Instrumentation, Controls, Maintenance, Environmental, Measurement, and Regulatory support…...
Japan oil refiners expect to secure enough supply to replace Middle East crude for summer
4+ day, 10+ hour ago (265+ words) May 20, 20262: 46 AM Reuters0 Comments Shunichi Kito, president of the Petroleum Association of Japan, said that U. S. crude is becoming the main substitute while efforts continue to procure crude from Saudi Arabia and the UAE via routes that bypass the Strait of Hormuz....
Alberta's timing targets for West Coast pipeline "best-case scenario': CIBC analysts
5+ day, 7+ hour ago (232+ words) CALGARY " Analysts at CIBC World Markets say the timeline the Alberta government set out for construction to begin on a potential new West Coast oil pipeline reflects a best-case scenario. The province aims to submit a proposal to the federal…...
BP fails to reach deal with union as Indiana refinery lockout drags on
5+ day, 21+ hour ago (269+ words) May 18, 20263: 24 PM Reuters0 Comments Some 800 workers at the 440, 000-barrel-per-day refinery, the largest in the U. S. Midwest, have been locked out since March 19 after months of negotiations failed to produce a new labor contract. "During today's meeting, the USW again requested that BP…...
IEA chief warns commercial oil inventories are depleting rapidly, only weeks left
6+ day, 9+ hour ago (377+ words) Fatih Birol, head of the International Energy Agency, said on Monday that commercial oil inventories were depleting rapidly with only a few weeks worth left due to the Iran war and the closure of the Strait of Hormuz to shipping....
Iraq exported 10 million barrels of oil through Strait of Hormuz in April
6+ day, 23+ hour ago (128+ words) May 17, 20261: 47 PM Reuters0 Comments The closure of the Strait of Hormuz due to the Iran war has curtailed oil exports from Saudi Arabia, the UAE, Kuwait and Iraq, sending prices sharply higher. Iraq's crude exports through the Kirkuk'Ceyhan oil pipeline resumed…...
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