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Texas oil and gas jobs increased in May despite market turmoil, new report says

Oil & Gas 360º

Among the 19 specific industry sectors TIPRO uses to define the Texas oil and natural gas industry, Support Activities for Oil and Gas Operations led in the ranking for unique job listings in May with 1,972 postings, followed by Gasoline Stations with Convenience Stores (1,447) and Petroleum Refineries (824).

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OPEC says world economy may do better in second half of year

Oil & Gas 360º

(Investing) – LONDON -OPEC said the global economy may perform better than expected in the second half of the year despite trade conflicts and refineries’ crude intake would remain elevated to meet the uptick in summer travel, helping to support the demand outlook. Global refinery crude intake posted a sharp increase of 2.1

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US refiner Phillips 66 posts bigger-than-expected quarterly loss

Oil & Gas 360º

refineries typically undergo seasonal maintenance and turnaround activities in preparation for the summer driving season, when fuel demand significantly increases. However, this scheduled downtime temporarily reduces refinery utilization and the ability to capture revenue from margins, often impacting quarterly performance.

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Saudi Arabia’s production increase sparks credibility concerns

Oil & Gas 360º

According to the International Energy Agency, the Kingdom overshot its June production quota by a whopping 700,000 barrels per day, pumping 9.8 Riyadh claims the bump in exports and refinery runs wasn’t about breaking ranks, but simply moving barrels amid regional tension. But 700,000 barrels per day isn’t a rounding error.

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MOL discovers new oil field in Western Hungary

Oil & Gas 360º

Based on the well tests carried out prior to March 2025, the well is currently proven to be capable of producing 1,200 bpd, which is transported by truck to the Danube Refinery in Szzhalombatta. MOL has ambitious E&P investment plans. thousand barrels of oil equivalent per day (boed).

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Canada’s Suncor says it could cut 2026 capital spending if low oil prices persist

Oil & Gas 360º

per share, on Tuesday that beat analysts expectations, and achieved its highest-ever first-quarter production of 853,000 barrels per day. Suncor also posted its best-ever first quarter for refinery throughput and sales. The company reported first-quarter profit of C$1.7 billion, or C$1.31

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bp’s reset plan can work with oil below $70, says CEO

Oil & Gas 360º

President Donald Trumps trade war has driven Brent crude below $70 a barrel, the price assumption that underpins bp’s plans to boost cash flow and reduce debt by selling assets. While the financial framework has tightened, the company is on track and its $20 billion divestment program could actually be assisted, Auchincloss said.

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