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Rigzone · July 3, 2026 (16h ago) · 1 min read

Refiner Profits Are Soaring

U.S. crude refiners are enjoying some of the best profit margins in years.

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Colombia's Oil and Gas Reserves Keep Shrinking

For a decade, Colombia's economically vital oil industry has been caught in a death spiral. A combination of sharply weaker oil prices, rising geopolitical risk and anti-petroleum industry reforms implemented by Colombia's first leftist president Gustavo Petro deterred investment, causing the operat

OilPrice · July 3, 2026

OPEC Oil Production Jumps, But Gulf Supply Is Still Far From Normal

OPEC's oil production rebounded sharply in June as Gulf producers finally began bringing shut-in barrels back online after months of war-induced disruptions. But despite the impressive headline number, the cartel is still pumping nowhere near where it was before the Strait of Hormuz crisis turned Mi

OilPrice · July 3, 2026

Hormuz Turns Oil Outlooks Into a Guessing Game

OilPrice · July 3, 2026

Russia Scrambles for Asian Jet Fuel as Crisis Deepens

OilPrice · July 3, 2026

DOJ Urges States to Enforce Fuel Price-Gouging Laws

OilPrice · July 3, 2026

Oil Markets Grow Numb to U.S.-Iran Ceasefire Drama

OilPrice · July 3, 2026

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