FROM THE OIL PATCH
HEADLINES OF INTEREST
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
USA LNG Growth Exceeding All Expectations, Yergin Says
The profound growth of U.S. LNG is exceeding all expectations. That’s what Daniel Yergin, Vice Chairman of S&P Global, said in a statement sent to
States Oppose FERC Plan to Widen Blanket Gas Pipeline Permitting
Over a dozen states and the District of Columbia have protested a proposed “rulemaking” by the Federal Energy Regulatory Commission (FERC) to broaden the kinds of gas pipeline projects that qualify for review exemptions. Under the planned new regulations (Docket No. RM25-12-001), FERC wants to revise its blanket certification to, as
Baker Hughes Posts Nearly 50 Percent YoY Increase in Orders
Baker Hughes has reported $10.5 billion in orders for the second quarter (Q2), up 49 percent from the same three-month period last year and 29 percent against the prior quarter, driven by the Industrial and Energy Technology (IET) segment. Revenue fell two percent year-on-year but increased two percent quarter-on-quarter to
Report: Food Prices Spike 33% Over Past 7 Years
Even though the inflation rate dropped to 3.5% in June after reaching 4.2% in May, consumers are still finding no relief at grocery stores. Food prices in the U.S. have risen 33% over the past seven years, the largest seven-year increase in about 50 years, the New York Post reported Friday. While inflation has
State AGs Urge FERC to Reject Expanded Pipeline Fast-Track Rule
A coalition of 15 state attorneys general is urging FERC to reject a proposed rule that would expand automatic approvals for natural gas pipeline projects, arguing the changes would weaken oversight and increase costs for consumers. A coalition of 15 state attorneys general has asked the Federal Energy Regulatory Commission
WEEKLY UPDATE
CRUDE OIL WEEKLY UPDATE (Week Ending 07-31-26)
Crude Oil Summary (EIA) Summary of Weekly Petroleum Data for the week ending July 24, 2026 U.S. crude oil refinery inputs averaged 17.3 million barrels
NATURAL GAS WEEKLY UPDATE (Week Ending 07-31-26)
Market Highlights: Natural gas storage Net injections into storage totaled 28 Bcf for the week ending July 24, compared with the five-year (2021–2025) average net
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 – June 2026
(by Rye Druzin, www.pipe-logix.com) US line pipe: Tight supply, HRC push prices – Tight line pipe supply driven by increased demand for oil country tubular goods (OCTG)
AISI Press Release on Latest U.S. Imports of Steel Products – July 2026
(American Iron and Steel Institute 07-10-26) Finished Import Market Share Estimated at 17 Percent in June – Based on the Commerce Department’s most recent Steel Import Monitoring