FROM THE OIL PATCH
HEADLINES OF INTEREST
Golden Pass LNG Prepares First Export as Tanker Arrives in Texas
Golden Pass LNG is preparing to ship its first cargo as a tanker arrives at the Texas export facility, marking a key milestone after years
Corpus Christi Port Hits Record Q1 Volumes on LNG Growth
The Port of Corpus Christi posted record first-quarter volumes, driven by a surge in LNG shipments as new export capacity ramps up along the Gulf
Halliburton CEO: U.S. oil is in the ‘early innings’ of a rebound—and a drilling ramp-up is coming
The U.S. oil sector has entered the “early innings” of a rebound with more growth to come, Halliburton chairman and CEO Jeff Miller said Tuesday, explaining that the Iran war is forcing countries to prioritize energy security by capturing more barrels both domestically and from other regions outside the Middle East. Amid
Trump mulls extending shipping waiver to ease US oil shipments, Axios reports
U.S. President Donald Trump is considering extending the Jones Act waiver, which allows foreign-flagged cargo ships to move fuel and other goods between domestic ports, Axios reported on Tuesday, citing U.S. officials. Trump waived Jones Act limitations for 60 days starting March 17, hoping the move would help tame the surge in
Canada Responsible For Record 61% Of U.S. Oil Imports. Why It Matters.
Canada was responsible for a record 60.88% of U.S. oil imports in 2025, the first time it or any other country had accounted for 60% of the total value in the modern era, if ever, according to my analysis of U.S. Census Bureau data. Canada’s total for 2025 was $85.39
‘Difficult to see’: Texas oil producers remain hesitant to increase output amidst volatile prices
Industry leaders addressed state lawmakers during a House energy resources committee hearing Tuesday, casting uncertainty on the state of oil and gas in the midst of international conflict. Addressing Texas oil and gas leaders at a committee hearing Tuesday, State Representative Eddie Morales Jr. raised one of his final questions
WEEKLY UPDATE
CRUDE OIL WEEKLY UPDATE (Week Ending 05-01-26)
Crude Oil Summary (EIA) U.S. crude oil refinery inputs averaged 16.1 million barrels per day during the week ending April 24, 2026, which was 85
NATURAL GAS WEEKLY UPDATE (Week Ending 05-01-26)
Market Highlights: Natural gas storage Net injections into storage totaled 79 Bcf for the week ending April 24, compared with the five-year (2021–2025)
ANALYSIS & INSIGHTS
Zekelman Industries Steel Snapshot – April 2026
SMU April HR Coil $1,040 up $35 from March. SMU April CR Coil $1,185 up $30 from March. April Chicago #1 Bush $450, unchanged from
Preston Pipe Report – April 2026
(by Paul Vivian and Rick Preckel, www.prestonpipe.com) Market Monitor – Last month we wrote about the plans Bridger Pipeline Expansion, LLC filed with the Montana Department of Environmental
Argus Pipe Logix Line Pipe Report – March 2026
(by Rye Druzin, www.pipe-logix.com) Higher raw material input costs increased US welded line pipe prices in March and took the overall market up. The Argus
AISI Press Release on Latest U.S. Imports of Steel Products – April 2026
(American Iron and Steel Institute 04-09-26) Finished Import Market Share Estimated at 16 Percent in March – Based on the Commerce Department’s most recent Steel