FROM THE OIL PATCH
US set to produce record amounts of natural gas to meet surging export demand
US gas output and demand to hit record highs in 2025-2026, EIA outlook Expand Energy increased production at lower than anticipated cost EQT achieves record
Oil settles higher as tight fuel markets offset crude supply concerns
Fuel prices gain on refinery outages, Russian supply disruptions Crude oil oversupply concerns persist on rising output US Senate advances bill to end federal shutdown
Pipeline project breaks through in once-resistant Northeast
A gas pipeline championed by President Donald Trump cleared permitting hurdles in New York and New Jersey, reflecting a political shift. Shale gas producers have complained for years that New York’s resistance to pipelines amounts to an “energy blockade.” But on Friday, one project got through. The state’s environmental regulators
Exxon CEO expects long-term role for oil and gas, maybe not as fuel
Oil and gas will play a critical role for a long time to come, Exxon Mobil (XOM.N) CEO Darren Woods said on Friday, adding that the question was whether they will continue to be used as fuel. While future technological breakthroughs might see a change in the burning of hydrocarbons, they
US Urges Europe to Prioritize Oil and Gas Over Renewables
Global investments in renewable energy aren’t bearing fruit and the world should focus on securing reliable supplies of fossil fuels, U.S. energy and interior secretaries said this week as they worked on convincing Europe to buy more U.S. oil and gas. The U.S. has become Europe’s top oil and gas
India Races to Replace Russian Oil With U.S., Iraqi, and UAE Crude
Two Indian refiners bought a total of 5 million barrels of crude oil from the United States, Iraq, and the UAE on the spot market as they seek alternatives to Russian crude. Reuters reported, citing unnamed industry sources, that Hindustan Petroleum Corp. had bought 2 million barrels of West Texas Intermediate and
CRUDE OIL WEEKLY UPDATE (Week Ending 11-07-25)
U.S. crude oil refinery inputs averaged 15.3 million barrels per day during the week ending October 31, 2025, which was 37 thousand barrels per day
NATURAL GAS WEEKLY UPDATE (Week Ending 11-07-25)
Prices Henry Hub spot price: The Henry Hub spot price rose 15 cents from $3.36 per million British thermal units (MMBtu) last Wednesday to
Zekelman Industries Steel Snapshot for October 2025
(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) SMU October HR Coil $795 down $5 from Sept. USS will ship slabs to Granite City
Preston Pipe Report – August 2025
(by Paul Vivian and Rick Preckel, www.prestonpipe.com) Market Monitor – According to a press release, Glenfarne Alaska LNG, LLC and POSCO International Corporation announced an agreement
Argus Pipe Logix Line Pipe Report – September 2025
(by Rye Druzin, www.pipe-logix.com) Us line pipe prices fell on the back of declining import prices in October. The Argus line pipe index declined by
AISI Press Release on Latest U.S. Imports of Steel Products – September 2025
(American Iron and Steel Institute 09-05-25) Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis (SIMA) data, the American Iron and Steel