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Curious Minds Corner
USA Oil, Gas Workforce Hits Lowest Level in Years
The number of employees in the oil and gas extraction industry hit its lowest level so far in 2026, and the lowest level in years, data on the U.S. Bureau of Labor Statistics (BLS) website showed.
IEA: Global Oil Deficit To Hit 1.8 Million Bpd This Quarter
The IEA has slashed its 2026 global oil supply forecast, with output now expected to plunge 4.3 million barrels per day this year as the failure to reopen the Strait of Hormuz pushes the market deeper into deficit. The latest forecast is considerably worse than the 3.7-million-bpd decline the agency projected just last month and would leave global supply at 102.02 million bpd, its lowest forecast for 2026 yet.
Curious Minds Corner
What does API in API gravity stand for?
American Petroleum Institute.