RBN’s Daily Energy Blog and Insights sharpen your energy IQ through fundamentals-based analysis that makes sense of North America’s energy market dynamics.
It has been a volatile spring and summer for global natural gas markets as the war in Iran has dragged on, seemingly causing prices to jump — or falter — with every headline. Today, we discuss Europe’s gas storage woes and the potential ramifications as its time runs out to refill inventories.
U.S. oil and gas rig count was unchanged at 588 for the week ending August 7 according to Baker Hughes data, as a three-rig gain in Permian and a one-rig gain in Gulf of Mexico were offset by a one-rig decline in Appalachia and a three-rig decline in All Other.
The Crude Oil Billboard keeps readers at the forefront of the U.S. crude oil market by offering access to data and information moments after its release. Say goodbye to PDF reports that come out after the market has already moved on.
ConocoPhillips in its Q2 2026 earnings call stated second-quarter production was 2,248 Mboe/d, above the top of guidance, and highlighted a Permian record of 920 Mboe/d. Permian output rose about 10% year over year in the first half.
In Western Canada, the gas-directed rig count rose by 2 to 65 rigs, while the oil-directed rig count fell by 6 to 142 rigs, for the week ended August 7, according to Baker Hughes data.
On its Q2 2026 earnings call, Western Midstream (WES) emphasized water handling is now its fastest-growing business, with throughput up roughly 85% this year, and CEO Oscar Brown put it plainly: in the Permian, "crude oil and natural gas flow assurance does not happen without a solution for produ
Shell’s strong second-quarter 2026 results were helped by an increasingly diversified LNG portfolio, but management’s comments suggest the bigger story may be what comes next in Canada.
Genesis Energy said its Offshore Pipeline Transportation segment performed slightly below expectations during Q2 2026 as some operators experienced operational challenges and unplanned downtime at several fields connected to its offshore infrastructure, CEO Grant Sims said during the company’s earnings call August 6.
The monthly and weekly Propane Billboard reports feature insightful commentary and analysis of historical and anticipated trends in the U.S with a deep dive into the propane supply and demand balance by PADD. It includes a custom 1-year forecast with commentary and analysis on emerging market opportunities.
Over the past 16 years, BP has undergone multiple restructurings of its upstream portfolio, interrupted by a shift to — and then from — one of the sector’s most ambitious energy transition strategies. Today, we chronicle the evolution of one of the industry’s most significant integrated companies.
The quarter was a pivotal one for Keyera, as it closed the CAD$4.6 billion purchase of Plains’ Canadian NGLs business, and the CAD$1.2 billion purchase of the other 50% of KAPS from Stonepeak.
While ExxonMobil delivered another quarter of record Permian production at more than 1.8 MMboe/d, management made it clear that future value creation will depend less on adding volumes and more on improving recovery and capital efficiency.
