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India Launches Largest-Ever Offshore Exploration Tender

OilPrice

The focus is clearly on further enhancing and strengthening domestic E&P efforts,” Minister of Petroleum and Natural Gas, Hardeep Singh Puri, posted on X while visiting an offshore industry event in Bergen, Norway.

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The Decline of Oil Power in Middle East Geopolitics

OilPrice

Despite expectations, the recent geopolitical turbulence in the Middle East—especially the events of October 7, 2023, and the escalation between Israel and Iran—did not deliver a severe blow to global energy markets. Compared to past regional crises or major global shocks like the Russia–Ukraine war, the impact was surprisingly muted.

Oil
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Pacific Petroleum Closes Acquisition of Wyoming Oil Assets

Rigzone

Image by photosbyjim via iStock Anacortes, Washington-based Pacific Petroleum Operating LLC said it completed its acquisition of a portfolio of oil-producing assets located in Wyoming from a portfolio company of an undisclosed private equity group for a total purchase price of $9.65 The structure for Pacific Petroleum leverages a U.S.

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Argentina finally emerges as a South American oil powerhouse

Oil & Gas 360º

The latest data from Argentina’s Ministry of Economy shows shale oil production hit an all-time high for June 2025, although overall petroleum output dipped lower. As a result, the country’s petroleum production once again exceeded Colombia, making Argentina Latin America’s fourth-largest oil producer. This is part of a $1.5

Oil
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Strategists Forecast USA Crude Inventory Build

Rigzone

“Rounding out the picture, we anticipate another small build in SPR [Strategic Petroleum Reserve] stocks (+0.3 In its latest weekly petroleum status report at the time of writing, which was released on July 30 and included data for the week ending July 25, the U.S. Total petroleum stocks were up 7.3

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Macquarie Strategists Forecast USA Crude Inventory Drop

Rigzone

“Rounding out the picture, we anticipate another small increase in Strategic Petroleum Reserve (SPR) stocks (+0.3 Energy Information Administration (EIA) highlighted in its latest weekly petroleum status report. Total petroleum stocks were down 3.9 crude inventories will be down for the week ending June 27.

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Daily Energy Report

Daily Energy Report

Although they rarely increase in June, they did last month, as shown in Figure 1, which illustrates trends in India’s monthly petroleum product exports since early 2021. Here are brief video clips ( 2 minutes each) highlighting key perspectives on global oil demand and AI's impact on the oil and gas industry.