Summary Cuts 2026 oil demand growth forecast by further 200,000 bpd amid Iran war impact OPEC+ output drops by 190,000 bpd in May, led by Iran facing US blockade Raises 2027 demand growth prediction (Reuters) – OPEC on Thursday lowered its forecast for world oil demand growth in 2026 to 970,000 barrels per day, the …
OPEC Again Lowers 2026 Global Oil Demand Growth Forecast Read More »
Summary Iran closes Strait of Hormuz, threatens to fire on vessels attempting passage Talks intensifying to reach deal, Iranian sources say U.S. launches additional strikes on Iran, escalating tensions after fragile ceasefire U.S. crude inventories fall sharply, EIA reports 7.2 million barrel crude draw (Reuters) – Oil prices fell on Thursday, following earlier gains triggered …
Oil Falls as Traders Digest Escalation in US-Iran Strikes Read More »
Canada’s Trans Mountain pipeline is running at full capacity for the first time since the completion of a major expansion two years ago, but an executive said Wednesday that ongoing global turmoil makes predicting future capacity rates difficult. * The 890,000-barrel-per-day pipeline, which carries oil from the province of Alberta to British Columbia’s west …
Trans Mountain Pipeline in Canada Hits Full Capacity Two Years After Expansion Read More »
(Reuters) – The U.S.is seeking to loan energy companies up to 40 million barrels of crude oil from the Strategic Petroleum Reserve to help push fuel prices down, the Department of Energy said on Wednesday. The latest U.S. offer to loan the oil is part of a previous U.S. agreement to release 172 million barrels …
US Offers to Loan Up to 40 Million Barrels of Oil From Strategic Petroleum Reserve Read More »
(Reuters) – The cost of shipping a container of goods from Asia to the United States has doubled since the start of the Iran war, driven by spiking fuel prices and an uptick in demand from importers who are worried costs will only rise further as the conflict wears on. “If you want to know …
Iran War Anxiety Sends Global Container Shipping Rates Soaring Read More »
(Reuters) – U.S. Energy Secretary Chris Wright told a congressional hearing on Wednesday that he’s not aware that the U.S. has taken millions of barrels of oil out of Iran, after President Donald Trump told reporters it had. Wright said earlier in the hearing, however, that the U.S. military had helped get some oil out …
US Energy Chief Says Not Aware of US Taking Oil Out of Iran Read More »
CALGARY – The CEO of the under-construction Woodfibre LNG project in British Columbia says Ottawa’s push to market Canada as a reliable energy supplier is starting to come to fruition. Luke Schauerte made his remarks in an interview on the sidelines of the Global Energy Show in Calgary, and shortly after another B.C. LNG project …
Woodfibre LNG Head Says Global Buyers Recognizing Canada as Stable Supplier Read More »
Even with flows gradually improving, EIR modeling shows OECD inventories bottoming at multi-decade lows and a lasting geopolitical premium in Brent CALGARY, Alberta (June 10, 2026) — Enverus Intelligence® Research (EIR), a subsidiary of Enverus, the leading energy data analytics platform, has published its latest report, Strait of Hormuz | What Comes Next for Oil Markets? In …
U.S. President Donald Trump on Wednesday said Tehran has taken too long to negotiate a deal and would now “have to pay the price” after Iran and the United States exchanged strikes in the region amid reported efforts to continue talks. “Iran is all talk and no action,” Trump wrote in a social media …
Trump Says Iran Has Taken Too Long to Negotiate, Will ‘Pay the Price’ Read More »
In today’s energy and infrastructure environment, pressure is no longer the exception, it’s the baseline. Across North America, a new wave of investment is accelerating project timelines. Industry estimates suggest more than $1 trillion in new pipeline infrastructure will be required in the coming decades, driven by rising energy demand, LNG exports, and electrification. At …
