S&P Global predicts a decline in US crude oil production in 2026 due to slowing global demand and US trade policy uncertainty. US production is expected to fall to 13.33 million barrels per day in 2026. The EIA also lowered its forecasts, though still anticipates production growth.
Commonwealth LNG and Kimmeridge Texas Gas (KTG) have finalised binding agreements with Glencore to establish a strategic partnership in natural gas and liquefied natural gas (LNG).
Curious Minds Corner
How ancient is the oil we pump today?
Most oil formed during the Mesozoic Era (66-252 million years ago), primarily from buried plankton and algae, not dinosaurs.