US to Offer 81 Million Acres in Gulf of Mexico Oil and Gas Lease Sale

(Reuters) – The Trump administration on Wednesday will offer more than 81 million acres (32.8 million hectares) in the Gulf of Mexico to ​oil and gas drillers as part of…

Trump Says US Has ‘Total Control’ Over Strait of Hormuz

(Reuters) – U.S. President Donald Trump on Wednesday said the United States in is control of the Strait of Hormuz. “The U.S.A. has total control over the Strait of Hormuz.…

US Crude Stocks See Largest Weekly Rise in 3.5 Years, EIA Says

trta (Reuters) – U.S. crude stocks excluding barrels in the Strategic Petroleum Reserve posted a surprise build and made their largest weekly gain since January 2023 last week as exports…

US Gulf of Mexico Oil and Gas Lease Sale Attracts $82.7 Million in High Bids

(Reuters) – The latest Trump administration sale of oil and gas drilling rights in the Gulf of Mexico attracted nearly $82.7 million in high bids on Wednesday, generating more money…

IEA: Global Oil Deficit To Hit 1.8 Million Bpd This Quarter

The IEA has slashed its 2026 global oil supply forecast, with output now expected to plunge 4.3 million barrels per day this year as the failure to reopen the Strait…

Indian Refiners Seek 6 Million Barrels of Spot Crude

Indian state-controlled oil refiners continue to search the market for spot crude supply as term deliveries are constrained by the ongoing crisis in the Middle East and its key oil…

Norway $2.3 Trillion Wealth Fund Posts Record-High Profit in H1

The world’s biggest sovereign wealth fund, Norway’s $2.3-trillion Government Pension Fund Global, posted a record-high profit of $185 billion for the first half of 2026, as Asian technology stocks boosted…

USA Oil, Gas Workforce Hits Lowest Level in Years

The number of employees in the oil and gas extraction industry hit its lowest level so far in 2026, and the lowest level in years, data on the U.S. Bureau…

  • Gas
  • August 12, 2026
Captured CO2 used to develop recyclable plastics

By 36 min ago 3 min read Researchers at Colorado State University (CSU), the US, have developed a process that uses carbon dioxide (CO2) to produce strong, flexible and recyclable…

US Crude Oil Inventories See Surprise Build: API

The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 9.072 million barrels in the week ending August 7, compared to analyst expectations for…