
FROM THE OIL PATCH
Welspun Tubular to Invest $150 Million in Arkansas Pipe Mill, Coating Facility
Welspun Tubular LLC will invest $150 million to build a new longitudinally submerged arc welded (LSAW) line pipe mill and coating facility at its site
Key U.S. Natural Gas Trends to Track as LNG Exports Hit New Highs
U.S. exports of LNG have scaled new highs so far this year, rising by over 20% from the same months in 2024 to cement the
Mexico Bets on Two Major Shale Plays to Break Free from Debt Spiral
Mexico is betting on ‘complex geology’ development to reverse the fortunes of its state-owned oil and gas giant Pemex, which has been struggling with declining production and enormous debts in recent years. A return to unconventional exploration could be a boon to the Mexican firm’s production and profits and to
Gas Demand Drops at Top U.S. LNG Plants Sabine Pass, Cameron
Two of the United States’ largest liquefied natural gas export plants recorded major declines in demand for natural gas on Aug. 18, suggesting parts of their facilities might be down, according to data from financial firm LSEG. Cheniere’s Sabine Pass export facility in Texas, which utilizes up to 4.5 billion
Rystad: Four factors indicate oil market unlikely to see prices crash to $60/bbl
Rystad Energy identified four factors indicating that the market is unlikely to see prices approaching $60/bbl or enter a contango situation in the near future. The prospect of Russia-Ukraine peace talks is significant, as negative market sentiment prevails amid expectations of Russian oil re-entering global markets, Rystad Energy said in
US oil and gas M&A activity quadrupled last year, report says
Mergers and acquisitions in the U.S. oil and gas sector more than quadrupled last year despite softer commodity prices as energy companies boosted spending to improve efficiency and profits, according to an Ernst & Young study published on Tuesday. WHY IT’S IMPORTANT The jump in dealmaking marks a shift in
CRUDE OIL WEEKLY UPDATE (Week Ending 08-22-25)
U.S. crude oil refinery inputs averaged 17.2 million barrels per day during the week ending August 15, 2025, which was 28 thousand barrels per day
NATURAL GAS WEEKLY UPDATE (Week Ending 08-22-25)
Prices Henry Hub spot price: The Henry Hub spot price fell 11 cents from $2.92 per million British thermal units (MMBtu) last Wednesday to $2.81/MMBtu
Zekelman Industries Steel Snapshot for August 2025
(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) SMU August HR Coil $820 down $50 from July. USS Coke plant in Clairton Pa. suffered
Preston Pipe Report – June 2025
(by Paul Vivian and Rick Preckel, www.prestonpipe.com) Market Monitor – The US Federal Energy Regulatory Commission (FERC) will implement its own National Energy Policy Act (NEPA)
Argus Pipe Logix Line Pipe Report – July 2025
(by Rye Druzin, www.pipe-logix.com) US domestic line pipe prices declined in July, dragging the index down as import pricing was relatively flat. The Argus line
AISI Press Release on Latest U.S. Imports of Steel Products – August 2025
(American Iron and Steel Institute) Finished Import Market Share Estimated at 20 Percent in July – Based on the Commerce Department’s most recent Steel Import