Rigzone Oil & Gas Headlines
- Crude declined on hopes for a US-Iran breakthrough, though tight physical supplies continue to support the market.
- Oil rose as tight global supplies outweighed optimism over a potential US-Iran deal to reopen the Strait of Hormuz.
- Commercial crude oil stocks, not including the SPR, came in at 426.39 million barrels on September 18, the EIA's latest weekly petroleum status report revealed.
- Saudi Arabia has sold almost 100 million barrels of oil to Asian buyers since the middle of last week, according to traders familiar with the matter.
- Amplitude Energy announced that one of its workers had passed away following a shark attack.
- China's oil and gas demand outlook has weakened materially in 2026, analysts at BMI said.
- Brent rose nearly 4% as tight fuel supplies, Hormuz risks and diesel export concerns drove trading.
- The U.S. Energy Information Administration raised its U.S. crude oil production forecasts for both 2026 and 2027 in its latest short term energy outlook.
- Imperial Oil Ltd came out against Alberta separatism.
- The U.S.-Iran conflict has changed the definition of an available barrel, Ole Hvalbye, Partner at ABG Sundal Collier, told Rigzone.