Global Energy Report

Section

Markets

Prices, OPEC, rig counts, and the supply and demand swings that move the barrel.

What this section covers

  • WTI, Brent, Henry Hub prices
  • OPEC and OPEC+ quotas
  • EIA inventories and rig counts
  • The forward curve

Crude and gas, with EIA forecast

WTIBrentHenry Hubforecast
$55$88$120$2.0$5.0$8.0Aug '25Sep '27

Left axis crude $/bbl, right axis Henry Hub gas $/MMBtu. Solid is EIA spot, dashed is the EIA STEO forecast. Source: EIA.

Oil and gas prices

Switch between WTI crude, Brent, and natural gas, across 1 month to all data. Daily EIA spot prices.

Daily spot price. Source: EIA. Intraday and 5-year history coming with a data backfill.

US basin activity

Rigs and production across the major US shale basins. Open a basin for its trend lines and outline map.

BasinRigsOil M bbl/dGas Bcf/d
Permian2666.1823.3
Eagle Ford561.024.3
Appalachia3533.9
Bakken271.192.8

Source: EIA STEO · 2026-08. Click a basin for its trend and outline map.

Markets

PHMSA weighs Gexcon petition on LNG safety zone model

PHMSA is taking public comment on a petition to approve Gexcon's EFFECTS v12.2.0 as an alternate model for sizing LNG facility safety zones.

Federalregister and EIA, 2026-06-15 and EIA, 2026-06-15 and Baker Hughes, 2026-06-15 · 7d

Markets

US LNG exports jumped 23% in first half of 2026, EIA says

US LNG exports averaged 17.4 Bcf/d in H1 2026, up 23% year over year, as new terminal capacity and a Hormuz supply disruption both pushed exports higher.

EIA and EIA, 2026-06-15 and EIA, 2026-06-15 and Baker Hughes, 2026-06-15 · 14d

Markets

US rig count falls to 545, down 7% year over year

Baker Hughes counted 545 active U.S. oil and gas rigs in the week to April 10, a drop of three as gas rigs fell to their lowest level since late March.

Baker Hughes Rig Count and EIA, 2026-06-15 and EIA, 2026-06-15 and Baker Hughes, 2026-06-15 · 19d

Markets

ExxonMobil's CFO will speak at Barclays energy conference

ExxonMobil CFO Neil Hansen will hold a fireside chat at the Barclays 40th Annual Energy-Power Conference in New York on September 9, 2026.

ExxonMobil Holdings Corporation (XOM) Press releases and EIA, 2026-06-15 and EIA, 2026-06-15 and Baker Hughes, 2026-06-15 · 21d

Markets

Nvidia invests in Lancium to power AI factories at gigawatt scale

Nvidia will deploy its full AI computing stack across Lancium's 4-gigawatt AI factory campuses and 15-gigawatt development pipeline.

Energy & Industrial News, Intelligence & Industry Insights and EIA, 2026-06-15 and EIA, 2026-06-15 and Baker Hughes, 2026-06-15 · 22d

Markets

Shell draws bidders for US chemical assets that could fetch $8 billion

ExxonMobil, LyondellBasell, Apollo and Kuwait Petroleum Corporation are among bidders for Shell's US chemical plants, the Financial Times reported.

Energy & Industrial News, Intelligence & Industry Insights and EIA, 2026-06-15 and EIA, 2026-06-15 and Baker Hughes, 2026-06-15 · 23d

Markets

SLB launches ExaCT electrical coiled tubing control system

SLB's new ExaCT system swaps hydraulic actuation for electrical control, cutting one six-lateral well intervention by about 175 hours.

Drilling Contractor and EIA, 2026-06-15 and EIA, 2026-06-15 and Baker Hughes, 2026-06-15 · 23d

Markets

Sintana Energy buys 44% of Maravilla for $6.5mn.

The deal gives Sintana an indirect 35% interest in PEL 37, a 17,295 km² block in Namibia's Walvis Basin, next to Chevron-operated acreage.

Energy-pedia news summary and EIA, 2026-06-15 and EIA, 2026-06-15 and Baker Hughes, 2026-06-15 · 26d

Markets

Sempra sells Mexican gas utility Ecogas for $500 million

Sempra completed the sale of Ecogas México, a gas distribution network serving over 600,000 customers, as part of its capital recycling program.

Sempra and EIA, 2026-06-15 and EIA, 2026-06-15 and Baker Hughes, 2026-06-15 · 27d

Markets

Equinor buys back 415,000 shares for NOK 159 million

The oil and gas company purchased shares on the Oslo Stock Exchange on 14 August 2026, part of a buyback program that runs through January 2027.

GlobeNewswire-Integrated-Oil-Gas and EIA, 2026-06-15 and EIA, 2026-06-15 and Baker Hughes, 2026-06-15 · 28d

Markets

DOE renews Secretary of Energy Advisory Board for two years

The Department of Energy will renew the Secretary of Energy Advisory Board for two years starting August 26, 2026, with an annual budget of about $375,000.

Federalregister and EIA, 2026-06-15 and EIA, 2026-06-15 and Baker Hughes, 2026-06-15 · 29d

Markets

Predator Oil & Gas contracts Rig 205 to drill Snowcap-3 in Trinidad

The Jersey-based operator will drill Snowcap-3 after finishing its MOU-6 well in Morocco, targeting an oil column forecast at 600 feet.

Energy-pedia news summary and EIA, 2026-06-15 and EIA, 2026-06-15 and Baker Hughes, 2026-06-15 and Predator Oil & Gas Holdings Plc · 30d

Markets

PEDEVCO to join 2026 EnerCom Denver investor conference

PEDEVCO Corp. will host investor meetings at the Aug. 18-19 EnerCom Denver conference and has posted an updated investor presentation.

GlobeNewswire and EIA, 2026-06-15 and EIA, 2026-06-15 and Baker Hughes, 2026-06-15 · 33d

Markets

DNO sets NOK 0.375 dividend, payable 1 September

DNO's board approved a dividend of NOK 0.375 per share, with shares going ex-dividend on 21 August and payment due on or about 1 September.

GlobeNewswire-Exploration-Production and EIA, 2026-06-15 and EIA, 2026-06-15 and Baker Hughes, 2026-06-15 · 34d

Markets

National gasoline average falls to $4.006 a gallon, EIA says

The EIA's weekly survey put the West Coast at $5.075 a gallon and the Gulf Coast at $3.543 as of August 10, 2026.

EIA and EIA, 2026-06-15 and EIA, 2026-06-15 and Baker Hughes, 2026-06-15 and U.S. Energy Information Administration - Gasoline and Diesel Fuel Update · 36d

Markets

US rig count holds at 588 as Permian and Texas add rigs

The Permian Basin and Texas each added rigs for a second straight week, Baker Hughes reported Aug. 8, while the national count held at 588.

Baker Hughes Rig Count and EIA, 2026-06-15 and EIA, 2026-06-15 and Baker Hughes, 2026-06-15 · 36d

Markets

Equinor buys back 729,372 shares in third 2026 tranche

Equinor ASA repurchased 729,372 shares for NOK 274.3 million between August 3 and 7 under the third tranche of its 2026 buyback program.

GlobeNewswire-Integrated-Oil-Gas and EIA, 2026-06-15 and EIA, 2026-06-15 and Baker Hughes, 2026-06-15 · 36d

Markets

MPLX prices $2.25 billion senior notes offering

MPLX LP priced $2.25 billion in senior notes to refinance $1.25 billion of debt due 2027 and fund general partnership needs.

All Energy and EIA, 2026-06-15 and EIA, 2026-06-15 and Baker Hughes, 2026-06-15 · 37d

Markets

Puerto Rico power outages rose 19% in 2025, EIA says

Puerto Rican customers lost an average 36 hours to non-major-event power outages in 2025, far more than mainland US customers, EIA data show.

EIA and EIA, 2026-06-15 and EIA, 2026-06-15 and Baker Hughes, 2026-06-15 and EIA - Today in Energy · 37d

Markets

US rig count holds at 588 as Permian gains three rigs

Baker Hughes reported no change in the US rig count last week, with a Permian gain offset by drops elsewhere and Canada down to 216 rigs.

Baker Hughes Rig Count and EIA, 2026-06-15 and EIA, 2026-06-15 and Baker Hughes, 2026-06-15 · 40d

Markets

ONEOK releases annual corporate sustainability report

ONEOK posted its annual corporate sustainability report to its website on Aug. 5, covering the Tulsa-based midstream operator's pipeline network.

RSS - OneOK IR Press Releases and EIA, 2026-06-15 and EIA, 2026-06-15 and Baker Hughes, 2026-06-15 · 42d

Markets

Heinrich bill would make large data centers pay for grid upgrades

New Mexico Sen. Martin Heinrich's GRID Savings Act would direct FERC to make electricity users above 150 megawatts pay for the grid upgrades they require.

Latitude Media and EIA, 2026-06-15 and EIA, 2026-06-15 and Baker Hughes, 2026-06-15 and Sen. Martin Heinrich (D-NM), U.S. Senate · 43d

Markets

US rig count rises to 588 as Permian adds two rigs

The U.S. rig count rose to 588 for the week of July 31, with the Permian Basin up two rigs, Baker Hughes reported.

Baker Hughes Rig Count and EIA, 2026-06-15 and EIA, 2026-06-15 and Baker Hughes, 2026-06-15 · 43d

Markets

Diamondback Energy tops 1 million boe/d in Q2, raises 2026 guidance

Second-quarter production topped 1 million barrels of oil equivalent a day for the first time, and the Permian producer raised full-year output guidance.

Diamondback Energy, Inc. News Releases and EIA, 2026-06-15 and EIA, 2026-06-15 and Baker Hughes, 2026-06-15 and Diamondback Energy, Inc. · 44d

Markets

Saipem clears US antitrust review for Subsea 7 merger

Saipem's US antitrust waiting period for its Subsea 7 merger has expired, though approvals outside the US are still pending.

Saipem and EIA, 2026-06-15 and EIA, 2026-06-15 and Baker Hughes, 2026-06-15 · 47d

Markets

US rig count rises to 588 as Permian, Eagle Ford add rigs

The Baker Hughes count rose by 1 to 588 this week, as the Permian, Eagle Ford and Marcellus gained rigs and the Granite Wash and Utica each lost one.

Baker Hughes Rig Count and EIA, 2026-06-15 and EIA, 2026-06-15 and Baker Hughes, 2026-06-15 · 47d

Markets

BIC Alliance sponsors Texas Chemistry Council's summer retreat dinner

BIC Alliance sponsored the Texas Chemistry Council's summer board retreat dinner, and American Chemistry Council's Jack Quinn spoke at the group's board meeting.

Energy & Industrial News, Intelligence & Industry Insights and EIA, 2026-06-15 and EIA, 2026-06-15 and Baker Hughes, 2026-06-15 · 49d

Markets

US-Canada energy trade fell to $137 billion in 2025

US-Canada energy trade value fell 11% to about $137 billion in 2025 as crude oil prices and crude import volumes both dropped, the EIA said.

EIA and EIA, 2026-06-15 and EIA, 2026-06-15 and Baker Hughes, 2026-06-15 · 49d

Markets

Natural Gas Services Group sets Aug. 11 date for Q2 2026 earnings call

Natural Gas Services Group will release second-quarter results after market close on Aug. 10 and hold a call the next morning at 8:30 a.m. EST.

GlobeNewswire-Oil-Equipment-Services and EIA, 2026-06-15 and EIA, 2026-06-15 and Baker Hughes, 2026-06-15 and Baker Hughes Rig Count and U.S. Energy Information Administration - WTI Cushing spot price and U.S. Energy Information Administration - Henry Hub spot price · 51d

MarketsAnalysis

Expand Energy buys Twin Eagle for $1.25bn

Expand Energy will pay $1.25 billion for Twin Eagle, turning North America's largest gas producer into its leading gas marketer too.

By Global Energy Report · 51d

Markets

Sempra to report Q2 2026 results on August 6

Sempra will release second-quarter 2026 earnings before the market opens on August 6, with a management call set for noon ET.

Sempra and EIA, 2026-06-15 and EIA, 2026-06-15 and Baker Hughes, 2026-06-15 · 58d

Markets

U.S. rig count rises to 588 as Permian gains three rigs

The Permian added three rigs and Canada dropped 19 as the U.S. rig count rose to 588 this week, according to Baker Hughes.

Baker Hughes Rig Count and EIA, 2026-06-15 and EIA, 2026-06-15 and Baker Hughes, 2026-06-15 · 61d

Markets

Greenfire Resources buys Connacher Oil and Gas for $1.28bn.

The $1.277 billion cash deal gives Greenfire full ownership of Connacher's Great Divide oil sands project, next to its Hangingstone asset.

Energy-pedia news summary and EIA, 2026-06-15 and EIA, 2026-06-15 and Baker Hughes, 2026-06-15 · 64d

Markets

Labour MP took Aberdeen energy sector map to PM Andy Burnham

Torcuil Crichton says he showed incoming prime minister Andy Burnham a map of UK-wide North Sea jobs and urged a more pragmatic oil and gas policy.

Energy-pedia news summary and EIA, 2026-06-15 and EIA, 2026-06-15 and Baker Hughes, 2026-06-15 · 66d

Markets

EQT agrees to buy Copia Power from Carlyle

EQT Infrastructure VII is acquiring the power and data center developer from Carlyle, with the deal expected to close by the end of 2026.

All Energy and EIA, 2026-06-15 and EIA, 2026-06-15 and Baker Hughes, 2026-06-15 and EIA - Henry Hub Natural Gas Spot Price and EQT - EdgeConneX (current portfolio) and EQT - Zayo (current portfolio) and EQT - Cypress Creek Energy (current portfolio) and EQT - Scale Microgrids (current portfolio) · 68d

Markets

CFTC halts CME's push for 24/7 crude oil futures trading

The commission used its authority to stay Chicago Mercantile Exchange's self-certified listing, a day before the contract could have started trading.

CFTC and EIA, 2026-06-15 and EIA, 2026-06-15 and Baker Hughes, 2026-06-15 · 69d

Markets

Natural Gas Services Group redomesticates to Texas

NGS will move its state of incorporation from Colorado to Texas effective around July 20, 2026, after shareholders approved the change.

GlobeNewswire-Oil-Equipment-Services and EIA, 2026-06-15 and EIA, 2026-06-15 and Baker Hughes, 2026-06-15 · 70d

Markets

BB Energy secures three more South Sudan crude cargoes

The trader will take deliveries in August, September and November after agreeing to ease legal limits on South Sudan's advance oil payments.

All Energy and EIA, 2026-06-15 and EIA, 2026-06-15 and Baker Hughes, 2026-06-15 · 70d

Markets

Nabors and Corva merge rig data platforms into one AI system

RigCLOUD Powered by Corva combines Nabors's edge computing platform with Corva's AI engine, giving drilling crews one set of real-time performance data.

Drilling Contractor and EIA, 2026-06-15 and EIA, 2026-06-15 and Baker Hughes, 2026-06-15 · 72d

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