Rigzone · June 19, 2026 (4h ago) · 1 min read

EIA Raises USA Oil Production Forecast for 2026, 2027

The U.S. Energy Information Administration raised its U.S. crude oil production forecast for 2026 and 2027 in its latest short term energy outlook.

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Crude Slides Nearly 9% as Traders Bet on Return of Iranian Oil

August WTI crude oil futures posted a steep decline during the week ending June 19 as traders aggressively removed geopolitical risk premium from the market following a breakthrough agreement between the United States and Iran. The contract traded between a high of $81.00 and a low of $72.83 before

OilPrice · June 19, 2026

Oil Flows Resume Through Hormuz as Insurers Remain Wary

Politics, Geopolitics & Conflict Everyone is hoping the U.S.-Iran deal holds, but Hormuz is still operating on political trust instead of commercial confidence. The U.S. has lifted its naval blockade; Iran and the U.S. have signed the 14-point memorandum; and tankers have started moving again throug

OilPrice · June 19, 2026

Libya Draws Oil Majors Back in First Licensing Round in 17 Years

OilPrice · June 19, 2026

Shareholders cast their votes in favor of Vantage Drilling’s merger with Eldorado

Offshore Energy · June 19, 2026

India Orders Major Strategic Oil Reserve Expansion After Supply Crisis

OilPrice · June 19, 2026

Eight-well drilling program ups oil output at Southeast Asian offshore field

Offshore Energy · June 19, 2026

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