FROM THE OIL PATCH
HEADLINES OF INTEREST
Escalations Damage Hormuz Media Narrative
Escalations over the past week have damaged the media narrative that has built up over the past few weeks, that transit through the Strait was
Energy Transfer, Sunoco Move Legal Home to Texas
Energy Transfer, Sunoco, SunocoCorp and USA Compression Partners will change their state of formation from Delaware to Texas, with the legal transition taking effect July
The United States produced more crude oil than any other country in 2025
The United States remained the world’s largest crude oil producer in 2025, according to our International Energy Statistics database, extending a streak that began in 2018 when the United States overtook Russia to become the world’s leading producer. Crude oil production in the United States, including lease condensate, averaged a record-high 13.6
The 250-year history of U.S. energy consumption
Over the 250-year history of our nation, energy consumption has evolved from wood use in the 18th and 19th centuries to today’s use of modern renewable, hydrocarbon, and nuclear technology. In 2025, total energy used in the United States was 96 quadrillion British thermal units (quads), up 2% from 2024, but below 2007’s
Meta Unveils One of Largest AI Data Centers Ever in Louisiana
Meta announced Monday that it is dramatically expanding its AI data center campus in rural Louisiana, creating what the company says will be one of the largest data centers ever built. The new artificial intelligence data center set for Richland Parish, a region in the state’s northeast Delta country, marks
Russian Refinery Runs Plunge to Lowest in More Than 2 Decades
A wave of Ukrainian attacks has pushed Russian refining runs to the lowest in more than 21 years, deepening a domestic fuel crunch and further squeezing the global market. Crude-processing rates have averaged 3.91 million barrels a day so far this month, the lowest level since March 2005, according to
WEEKLY UPDATE
CRUDE OIL WEEKLY UPDATE (Week Ending 07-10-26)
Crude Oil Summary (EIA) U.S. crude oil refinery inputs averaged 17.0 million barrels per day during the week ending July 3, 2026, which was 173
NATURAL GAS WEEKLY UPDATE (Week Ending 07-10-26)
Market Highlights: Natural gas storage Net injections into storage totaled 61 Bcf for the week ending July 3, compared with the five-year (2021–2025) average
ANALYSIS & INSIGHTS
Zekelman Industries Steel Snapshot – June 2026
SMU June HR Coil $1,115 up $35 from May. SMU June CR Coil $1,305 up $50 from May. June Chicago #1 Bush $450, unchanged from
Preston Pipe Report – May 2026
(by Paul Vivian and Rick Preckel, www.prestonpipe.com) Market Monitor – FERC’s May 2026 proposal to expandthe blanket certificate program represents the most significant update to interstate natural gas
Argus Pipe Logix Line Pipe Report – May 2026
(by Rye Druzin, www.pipe-logix.com) US line pipe: Activity boosts prices – Higher demand for line pipe from traditional and non-tradi-tional buyers boosted prices for a
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