Murphy Oil (NYSE:MUR) highlighted a new discovery offshore Côte d’Ivoire, revised its 2026 capital program upward and outlined plans to accelerate activity in the Eagle Ford during its second-quarter 2026 earnings call.

Oil prices rose to their highest level this year on Wednesday, and odds are they’ll climb even higher this summer, according to Bank of America Securities analysts.

Sound familiar? A pause in fighting between the United States and Iran has given oil traders hope that a diplomatic resolution could restart the flow of oil traffic out of the Middle East.

Northern Oil and Gas (NYSE:NOG) reported higher second-quarter cash flow and production, citing the benefits of its diversified non-operated portfolio despite Permian Basin curtailments tied to weak Waha natural gas economics.

U.S. and international crude oil futures skidded to their lowest levels in more than a year after the influential oil producing group cut its 2024 outlook, citing weakness in Chinese demand.

HOUSTON, Aug 7 (Reuters) - Oil prices reversed course and climbed on U.S. job losses reported by the federal government and worries over talks between Iranian and U.S. negotiators to end fighting that has lasted five months.

Chevron reported its highest quarterly earnings ever. Shell had its second-biggest quarter, and ExxonMobil doubled its earnings compared with the same time last year.

The oil market has proven defiantly resilient, but that tenacity faces its biggest threat since the start of the Iran war. The energy industry’s remarkable workarounds to the world’s biggest-ever oil shock have insulated consumers from an inflation and affordability crisis.

U.S. crude oil supplies are at a 45-year low as the Iran war continues to tarnish strategic reserves. Bank of America Global Research data shows that the level of the U.S. Strategic Petroleum Reserve is at its lowest level since 1983,

Plus, it’s Jobs Day