Brazil’s state-run oil company Petrobras reported average oil and natural gas output of 3.281 million barrels of oil equivalent per day (boed) in the first half of the year, up 15.1% from the same period in 2025
Saudi Arabia’s oil exports are becoming increasingly dependent on the Suez Canal as attacks in the Red Sea threaten a key alternative to the blocked Strait of Hormuz
OPEC+ oil-producing countries will likely agree a further hike in output targets from September, even though the Iran war is again hindering some of its members from pumping more
During the second quarter, GeoPark drilled and completed six wells in the Llanos 34 and Llanos 123 blocks in Colombia, and drilled five wells in Vaca Muerta, which were undergoing hydraulic fracturing at the end of the quarter. The company operated a total of eight rigs, including four drilling rigs and four workover rigs
Brent crude, the European benchmark, rose 3.9% to $87.5 per barrel for September delivery as the conflict in the Middle East intensified
TotalEnergies said its hydrocarbon production is expected to reach nearly 2.4 million barrels of oil equivalent per day (mboe/d) in the second quarter of 2026
Goldman Sachs strategists say the physical oil market is tightening as renewed attacks on tankers in the Strait of Hormuz reverse an earlier recovery in Persian Gulf exports
OPEC lowered its forecast for world oil demand growth in 2026 to 780,000 barrels per day, a copy of its monthly report showed, marking the third straight downward revision
The U.S. Energy Information Administration raised its global oil production forecast after the reopening of the Strait of Hormuz following a June 18 agreement between the United States and Iran
OPEC+ oil-producing countries will likely agree on a further hike in their output targets from August when they meet on Sunday, adding to supply at a time of falling prices as the Strait of Hormuz gradually reopens
