FROM THE OIL PATCH
HEADLINES OF INTEREST
House Bill Would Fast-Track FERC Approval of National Security Pipelines
A new House bill would allow the president to designate certain interstate oil and natural gas pipelines as critical to national security, triggering expedited FERC
How Long Do Composite Pipeline Repairs Really Last?
Composite repair systems have been used for more than three decades to address integrity threats in oil and gas pipelines. Extensive laboratory testing, full-scale validation
Short-Term Energy Outlook
Forecast overview Global oil market assumptions. We have increased our estimates of Middle East shut-in crude oil production in the coming months compared with our July forecast due to continued severe constraints on Strait of Hormuz transits, which we assume persist through August. We expect most crude oil production in the
Fewer Young Americans Own Homes than We Thought
Seeking a more accurate picture of homeownership rates in America, the Federal Reserve Bank of Minneapolis has developed a new method of calculating homeownership. The “homeowners-to-population ratio” (HPOP) considers the status of each individual adult instead of considering each housing unit. The problem with the older way of calculating is that it
Popularity of Natural Gas is Undeniable
Need to know Check out TEA’s website for the latest in energy news and opinion. Afternoon TEA: Good news for American energy dominance! TEA Takes: Climate crusaders turn to flimsy ‘extreme event attribution’ to bring down oil, gas and coal. Lawmakers target energy affordability through permitting overhaul in new House bill. Meta quits clean energy pledge amid gas-powered
Rystad Warns 2.5MM Bpd of Saudi Oil is at Risk
In a market update sent to Rigzone late Monday, Rystad Energy warned that 2.5 million barrels per day of Saudi oil is at risk as the Houthis “threaten to enact [a] naval blockade”. “The Houthis have announced their intention to impose a naval blockade against Saudi Arabia, marking a significant
WEEKLY UPDATE
CRUDE OIL WEEKLY UPDATE (Week Ending 08-07-26)
Crude Oil Summary (EIA) U.S. crude oil refinery inputs averaged 17.2 million barrels per day during the week ending July 31, 2026, which was 183
NATURAL GAS WEEKLY UPDATE (Week Ending 08-07-26)
Market Highlights: Natural gas storage Net injections into storage totaled 33 Bcf for the week ending July 31, compared with the five-year (2021–2025) average
ANALYSIS & INSIGHTS
Zekelman Industries Steel Snapshot – July 2026
SMU July HR Coil $1,160 up $45 from June. SMU July CR Coil $1,360 up $55 from June. July Chicago #1 Bush at $450, unchanged
Preston Pipe Report – July 2026
(by Paul Vivian and Rick Preckel, www.prestonpipe.com) Market Monitor – FERC staff has issued the final environmental impact statement (EIS) for Tennessee Gas Pipeline’s Mississippi
Argus Pipe Logix Line Pipe Report – July 2026
(by Rye Druzin, www.pipe-logix.com) US line pipe: Prices up on tight supply – Tight supply of line pipe products in the US helped push prices up to
AISI Press Release on Latest U.S. Imports of Steel Products – August 2026
(American Iron and Steel Institute 08-06-26) Finished Import Market Share Estimated at 18 Percent in July – Based on the Commerce Department’s most recent Steel Import Monitoring
