https://peakoil.com Exploring Hydrocarbon Depletion Thu, 08 Oct 2026 14:09:33 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.3 https://peakoil.com/production/shell-chevron-oxy-issue-hurricane-isaias-updates https://peakoil.com/production/shell-chevron-oxy-issue-hurricane-isaias-updates#respond Thu, 08 Oct 2026 14:09:33 +0000 https://peakoil.com/generalideas/shell-chevron-oxy-issue-hurricane-isaias-updates Shell, Chevron, and Occidental Petroleum (Oxy) have all issued updates in response to Hurricane Isaias. In a statement posted on its website on October 7, Shell said it was continuing to monitor Isaias for potential impacts to its assets and operations in the Gulf of Mexico. “As a precautionary measure at our Mars, Olympus, Ursa, […]]]> https://peakoil.com/production/shell-chevron-oxy-issue-hurricane-isaias-updates/feed 0 https://peakoil.com/production/syria-expects-to-double-oil-output-in-a-year https://peakoil.com/production/syria-expects-to-double-oil-output-in-a-year#respond Thu, 08 Oct 2026 12:08:03 +0000 https://peakoil.com/generalideas/syria-expects-to-double-oil-output-in-a-year State-owned Syrian Petroleum Co. plans to more than double crude production in a year and ramp up oil refining as foreign operators return, according to Chief Executive Officer Yousef Qiblawy. The company expects oil output to increase to about 250,000 barrels a day by the end of 2027 from about 110,000 barrels a day now […]]]> https://peakoil.com/production/syria-expects-to-double-oil-output-in-a-year/feed 0 https://peakoil.com/consumption/home-heating-oil-prices-soar-as-new-england-winter-looms https://peakoil.com/consumption/home-heating-oil-prices-soar-as-new-england-winter-looms#respond Thu, 08 Oct 2026 10:08:32 +0000 https://peakoil.com/generalideas/home-heating-oil-prices-soar-as-new-england-winter-looms “Now you’re going to double my heating oil bill? This is just a slap in the face,” said Lisa Furman, who owns a home in Hancock County in northern Maine. “There’s no reason for this.” She expects to pay $3,400 for heating oil over the next 10 months, significantly more than the $1,500 she’s used […]]]> https://peakoil.com/consumption/home-heating-oil-prices-soar-as-new-england-winter-looms/feed 0 https://peakoil.com/publicpolicy/us-set-to-roll-back-methane-leak-controls-on-oil-and-gas-industry https://peakoil.com/publicpolicy/us-set-to-roll-back-methane-leak-controls-on-oil-and-gas-industry#respond Thu, 08 Oct 2026 08:12:56 +0000 https://peakoil.com/generalideas/us-set-to-roll-back-methane-leak-controls-on-oil-and-gas-industry The US Environmental Protection Agency said on Wednesday it would soon propose scrapping a Biden-era rule aimed at curbing large leaks of methane from oil and gas operations. The move is part of a broad Trump administration effort to slash regulations that it says burden US businesses as it seeks to boost fossil fuel production. […]]]> https://peakoil.com/publicpolicy/us-set-to-roll-back-methane-leak-controls-on-oil-and-gas-industry/feed 0 https://peakoil.com/publicpolicy/polands-solidarity-push-for-eu-energy-resilience-in-face-of-russian-aggression https://peakoil.com/publicpolicy/polands-solidarity-push-for-eu-energy-resilience-in-face-of-russian-aggression#respond Thu, 08 Oct 2026 06:12:09 +0000 https://peakoil.com/generalideas/polands-solidarity-push-for-eu-energy-resilience-in-face-of-russian-aggression Two miles off the coast of Gdańsk, the white steel piles of Poland’s first offshore gas terminal rise from the slate-grey Baltic. Installed at a height eight metres above the waves, the floating cranes and construction vessels here are on the frontline of Europe’s push for energy security. Since the taps were turned off on […]]]> https://peakoil.com/publicpolicy/polands-solidarity-push-for-eu-energy-resilience-in-face-of-russian-aggression/feed 0 https://peakoil.com/consumption/the-political-economy-of-diesel https://peakoil.com/consumption/the-political-economy-of-diesel#respond Thu, 08 Oct 2026 04:08:28 +0000 https://peakoil.com/generalideas/the-political-economy-of-diesel As much as any other factor, the disproportionately high price of diesel is killing President Trump’s political support and by extension that of other Republicans. This particularly threatens Republicans in the Midwest, where farmers rely on diesel for tractors and harvesting, with close Senate races in Ohio, Iowa, Kansas, and Nebraska. Since home heating oil […]]]> https://peakoil.com/consumption/the-political-economy-of-diesel/feed 0 https://peakoil.com/publicpolicy/hormuz-flash-12-tanker-attacks-reported-in-a-week-highest-since-iran-war-began https://peakoil.com/publicpolicy/hormuz-flash-12-tanker-attacks-reported-in-a-week-highest-since-iran-war-began#respond Thu, 08 Oct 2026 02:09:03 +0000 https://peakoil.com/generalideas/hormuz-flash-12-tanker-attacks-reported-in-a-week-highest-since-iran-war-began Tanker traffic through the Strait of Hormuz faces rising attacks and harassment. The Strait of Hormuz saw its highest weekly number of attacks on oil, LNG and LPG tankers since the Iran war began, as Iran’s Revolutionary Guards continued to target or harass vessels transiting one of the world’s most critical energy corridors. At least […]]]> https://peakoil.com/publicpolicy/hormuz-flash-12-tanker-attacks-reported-in-a-week-highest-since-iran-war-began/feed 0 https://peakoil.com/consumption/rbi-rate-hike-prudent-oil-prices-inflationary-pressure-yet-to-peak https://peakoil.com/consumption/rbi-rate-hike-prudent-oil-prices-inflationary-pressure-yet-to-peak#respond Thu, 08 Oct 2026 00:07:55 +0000 https://peakoil.com/generalideas/rbi-rate-hike-prudent-oil-prices-inflationary-pressure-yet-to-peak The RBI on Wednesday raised the repo rate by 25 basis points, taking the benchmark policy rate to 5.5 percent. This is India’s first rate hike in nearly four years and comes amid broadening inflationary pressures squaring up against resilient growth. The central bank also shifted its policy stance from neutral to calibrated tightening, officially […]]]> https://peakoil.com/consumption/rbi-rate-hike-prudent-oil-prices-inflationary-pressure-yet-to-peak/feed 0 https://peakoil.com/publicpolicy/oil-prices-settle-down-as-iea-agrees-to-accelerate-oil-stock-release https://peakoil.com/publicpolicy/oil-prices-settle-down-as-iea-agrees-to-accelerate-oil-stock-release#respond Wed, 07 Oct 2026 22:07:36 +0000 https://peakoil.com/generalideas/oil-prices-settle-down-as-iea-agrees-to-accelerate-oil-stock-release HOUSTON, Oct 7 (Reuters) – Oil prices settled lower on Wednesday following a choppy session after the International Energy Agency agreed to speed up a release of oil stocks and prioritize diesel in a bid to curb record-high fuel prices as the Iran war squeezes global supplies. Brent crude futures settled down 38 cents, or […]]]> https://peakoil.com/publicpolicy/oil-prices-settle-down-as-iea-agrees-to-accelerate-oil-stock-release/feed 0 https://peakoil.com/enviroment/abandoned-oil-and-gas-wells-leave-pa-with-a-costly-problem https://peakoil.com/enviroment/abandoned-oil-and-gas-wells-leave-pa-with-a-costly-problem#respond Wed, 07 Oct 2026 20:11:13 +0000 https://peakoil.com/generalideas/abandoned-oil-and-gas-wells-leave-pa-with-a-costly-problem BRADFORD — Driving into Bradford, Barbara Laxon tells people to look out for the flare coming from the oil refinery running along the town. At 74, Laxon spends much of her free time taking people on tours to show the traces of the oil and gas industry in her town — from an oil jack […]]]> https://peakoil.com/enviroment/abandoned-oil-and-gas-wells-leave-pa-with-a-costly-problem/feed 0 https://peakoil.com/production/qatar-brings-empty-lng-ships-into-gulf https://peakoil.com/production/qatar-brings-empty-lng-ships-into-gulf#respond Wed, 07 Oct 2026 18:18:09 +0000 https://peakoil.com/generalideas/qatar-brings-empty-lng-ships-into-gulf Qatar has amassed a fleet of empty liquefied natural gas tankers in the Persian Gulf, a sign that one of the world’s biggest exporters of the fuel may be preparing to boost shipments through the Strait of Hormuz. At least 12 ballast LNG carriers owned or chartered by QatarEnergy are waiting in waters near the […]]]> https://peakoil.com/production/qatar-brings-empty-lng-ships-into-gulf/feed 0 https://peakoil.com/publicpolicy/iraq-devalues-currency-as-hormuz-havoc-hits-oil-exports https://peakoil.com/publicpolicy/iraq-devalues-currency-as-hormuz-havoc-hits-oil-exports#respond Wed, 07 Oct 2026 16:07:16 +0000 https://peakoil.com/generalideas/iraq-devalues-currency-as-hormuz-havoc-hits-oil-exports Iraq devalued its currency by 13% against the dollar, as the economy comes under strain with the effective closure of the Strait of Hormuz hitting oil exports. The OPEC member’s central bank has set the dollar-selling price for the public at 1,520 dinars, compared with roughly 1,320 previously. The central bank said it took the […]]]> https://peakoil.com/publicpolicy/iraq-devalues-currency-as-hormuz-havoc-hits-oil-exports/feed 0 https://peakoil.com/production/the-world-has-nearly-burned-through-its-oil-stockpile-buffer-executives-say https://peakoil.com/production/the-world-has-nearly-burned-through-its-oil-stockpile-buffer-executives-say#respond Wed, 07 Oct 2026 14:07:19 +0000 https://peakoil.com/generalideas/the-world-has-nearly-burned-through-its-oil-stockpile-buffer-executives-say LONDON, Oct 6 (Reuters) – The amount of oil in storage that is accessible to the global market is running low, industry executives said at a forum in London this week, making the market more fragile and putting upward pressure on prices. Governments and energy companies have drawn oil from stockpiles to alleviate pressure in […]]]> https://peakoil.com/production/the-world-has-nearly-burned-through-its-oil-stockpile-buffer-executives-say/feed 0 https://peakoil.com/production/chevron-shell-and-bp-pull-workers-from-the-gulf-ahead-of-hurricane https://peakoil.com/production/chevron-shell-and-bp-pull-workers-from-the-gulf-ahead-of-hurricane#respond Wed, 07 Oct 2026 12:07:37 +0000 https://peakoil.com/generalideas/chevron-shell-and-bp-pull-workers-from-the-gulf-ahead-of-hurricane Chevron is evacuating workers from all its platforms in the Gulf of Mexico as meteorologists warn of a tropical storm approaching the area. For now, Chevron is only evacuating non-essential personnel, Reuters reported, saying that oil production at the facilities remains normal. Some analysts, however, see the storm warning as a further complication for already […]]]> https://peakoil.com/production/chevron-shell-and-bp-pull-workers-from-the-gulf-ahead-of-hurricane/feed 0 https://peakoil.com/publicpolicy/equinor-may-stop-investing-in-uk-if-oil-and-gas-fields-do-not-get-go-ahead https://peakoil.com/publicpolicy/equinor-may-stop-investing-in-uk-if-oil-and-gas-fields-do-not-get-go-ahead#respond Wed, 07 Oct 2026 10:07:31 +0000 https://peakoil.com/generalideas/equinor-may-stop-investing-in-uk-if-oil-and-gas-fields-do-not-get-go-ahead Rising energy prices have prompted renewed debate over the UK’s energy security, with UK production forecast to halve by 2035. The UK already relies on Norway for half of its gas needs, and the Norwegian government has continued to issue new licences for oil and gas exploration in its own North Sea waters. Equinor has […]]]> https://peakoil.com/publicpolicy/equinor-may-stop-investing-in-uk-if-oil-and-gas-fields-do-not-get-go-ahead/feed 0 https://peakoil.com/business/shell-expects-strong-trading-results-for-q3 https://peakoil.com/business/shell-expects-strong-trading-results-for-q3#respond Wed, 07 Oct 2026 08:08:08 +0000 https://peakoil.com/generalideas/shell-expects-strong-trading-results-for-q3 Shell Plc expects to report strong results from oil trading in the third quarter as a squeeze on global fuel supplies drives refining margins to a record. The London-based energy giant said oil trading was in line with the robust results of the prior three months, helped by refining margins at $42 a barrel, which […]]]> https://peakoil.com/business/shell-expects-strong-trading-results-for-q3/feed 0 https://peakoil.com/consumption/why-100-oil-is-hard-to-kill https://peakoil.com/consumption/why-100-oil-is-hard-to-kill#respond Wed, 07 Oct 2026 06:08:02 +0000 https://peakoil.com/generalideas/why-100-oil-is-hard-to-kill Brent remains above $100 despite recovering Middle East crude flows, as record freight costs, war-risk premiums and inefficient shipping workarounds keep delivered oil expensive. The wider oil market remains extremely tight, with depleted inventories, constrained Middle Eastern, Russian and Chinese fuel exports, and a worsening diesel shortage ahead of winter. Geopolitical risks remain heavily skewed […]]]> https://peakoil.com/consumption/why-100-oil-is-hard-to-kill/feed 0 https://peakoil.com/publicpolicy/irans-offshore-oil-stockpile-nears-exhaustion-as-blockade-chokes-new-supply https://peakoil.com/publicpolicy/irans-offshore-oil-stockpile-nears-exhaustion-as-blockade-chokes-new-supply#respond Wed, 07 Oct 2026 04:06:26 +0000 https://peakoil.com/generalideas/irans-offshore-oil-stockpile-nears-exhaustion-as-blockade-chokes-new-supply Iran’s offshore crude stockpile in Southeast Asia is being rapidly depleted as the U.S. maritime blockade prevents fresh barrels from leaving the Persian Gulf, according to new tracking data from United Against Nuclear Iran. UANI said an estimated 9 million barrels of Iranian crude were transferred through ship-to-ship operations in waters off Malaysia during September, […]]]> https://peakoil.com/publicpolicy/irans-offshore-oil-stockpile-nears-exhaustion-as-blockade-chokes-new-supply/feed 0 https://peakoil.com/business/5-natural-gas-stocks-profiting-from-the-strait-of-hormuz-standoff https://peakoil.com/business/5-natural-gas-stocks-profiting-from-the-strait-of-hormuz-standoff#respond Wed, 07 Oct 2026 02:09:57 +0000 https://peakoil.com/generalideas/5-natural-gas-stocks-profiting-from-the-strait-of-hormuz-standoff When Iran struck Qatar’s Ras Laffan complex in March and knocked out 17% of the country’s LNG export capacity, the trade seemed pretty straightforward. Buy the American exporters, sit back and wait for Europe and Asia to come knocking for cargoes that didn’t need to sail through the Strait of Hormuz. Cheniere did exactly what […]]]> https://peakoil.com/business/5-natural-gas-stocks-profiting-from-the-strait-of-hormuz-standoff/feed 0 https://peakoil.com/publicpolicy/halliburton-shuns-falklands-oil-project https://peakoil.com/publicpolicy/halliburton-shuns-falklands-oil-project#respond Wed, 07 Oct 2026 00:08:05 +0000 https://peakoil.com/generalideas/halliburton-shuns-falklands-oil-project One of the world’s largest oilfield service providers has refused to get involved in the Sea Lion oil project off the coast of the Falkland Islands, amid a step-up in pressure from the Argentine president on the companies leading the work. Halliburton, in fact, refuses to take part in any oil or gas development around […]]]> https://peakoil.com/publicpolicy/halliburton-shuns-falklands-oil-project/feed 0 https://peakoil.com/enviroment/wisconsin-dnr-says-its-still-evaluating-whether-aquifer-breach-occurred-on-line-5 https://peakoil.com/enviroment/wisconsin-dnr-says-its-still-evaluating-whether-aquifer-breach-occurred-on-line-5#respond Tue, 06 Oct 2026 22:09:19 +0000 https://peakoil.com/generalideas/wisconsin-dnr-says-its-still-evaluating-whether-aquifer-breach-occurred-on-line-5 Editor’s note: WPR previously reported that Enbridge is responding to an aquifer breach on Line 5. The story has since been updated to reflect that state regulators say it’s unclear whether such a breach occurred. The Wisconsin Department of Natural Resources says it’s unclear whether an aquifer breach occurred on Enbridge’s $1 billion project to […]]]> https://peakoil.com/enviroment/wisconsin-dnr-says-its-still-evaluating-whether-aquifer-breach-occurred-on-line-5/feed 0 https://peakoil.com/alternative-energy/low-wind-generation-prompts-another-power-margin-warning-in-uk https://peakoil.com/alternative-energy/low-wind-generation-prompts-another-power-margin-warning-in-uk#respond Tue, 06 Oct 2026 20:07:35 +0000 https://peakoil.com/generalideas/low-wind-generation-prompts-another-power-margin-warning-in-uk For the second time in two weeks, the UK’s National Energy System Operator on Tuesday warned that Britain faces a reduced system margin, with a system margin shortfall of about 1.88 gigawatts (GW) later today. NESO has issued an Electricity Margin Notice for the afternoon and evening’s peak period between 3 p.m. and 11 p.m. […]]]> https://peakoil.com/alternative-energy/low-wind-generation-prompts-another-power-margin-warning-in-uk/feed 0 https://peakoil.com/production/global-oil-inventories-face-depletion-risk-within-10-15-weeks-cba-analyst-warns https://peakoil.com/production/global-oil-inventories-face-depletion-risk-within-10-15-weeks-cba-analyst-warns#respond Tue, 06 Oct 2026 18:08:37 +0000 https://peakoil.com/generalideas/global-oil-inventories-face-depletion-risk-within-10-15-weeks-cba-analyst-warns Middle East oil flows have recovered towards pre-war levels, but low inventories and fragile shipping conditions leave global energy markets vulnerable to another supply disruption. Global oil markets remain exposed to renewed supply pressure, with Commonwealth Bank commodities analyst Vivek Dhar warning that current oil and refined-fuel inventories could face depletion risks within 10-15 weeks […]]]> https://peakoil.com/production/global-oil-inventories-face-depletion-risk-within-10-15-weeks-cba-analyst-warns/feed 0 https://peakoil.com/publicpolicy/jera-forms-oil-stockpiling-unit https://peakoil.com/publicpolicy/jera-forms-oil-stockpiling-unit#respond Tue, 06 Oct 2026 16:08:04 +0000 https://peakoil.com/generalideas/jera-forms-oil-stockpiling-unit JERA Co Inc has launched a subsidiary to manage its national petroleum reserve bases across Japan. JERA Oil Storage Co Inc, wholly owned by JERA, will oversee the integrated power utility’s four stockpiling facilities in Tomakomai-Tobu, Akita, Fukui and Shibushi under a joint contracting deal with the government’s Japan Organization for Metals and Energy Security. […]]]> https://peakoil.com/publicpolicy/jera-forms-oil-stockpiling-unit/feed 0 https://peakoil.com/generalideas/chinas-first-standalone-oil-gas-five-year-plan-shifts-the-focus-from-volume-to-security-and-transition https://peakoil.com/generalideas/chinas-first-standalone-oil-gas-five-year-plan-shifts-the-focus-from-volume-to-security-and-transition#respond Tue, 06 Oct 2026 14:14:21 +0000 https://peakoil.com/generalideas/chinas-first-standalone-oil-gas-five-year-plan-shifts-the-focus-from-volume-to-security-and-transition In August 2026 the National Development and Reform Commission (NDRC) and the National Energy Administration (NEA) released the 15th Five-Year Plan for Oil & Gas Development, the first standalone national five-year plan for the sector. The 15th asks how the industry redefines its role in the energy transition, and the answer reshapes where value sits […]]]> https://peakoil.com/generalideas/chinas-first-standalone-oil-gas-five-year-plan-shifts-the-focus-from-volume-to-security-and-transition/feed 0 https://peakoil.com/consumption/natural-gas-prices-weekly-update-jkm-ttf-and-henry-hub-5-october-2026 https://peakoil.com/consumption/natural-gas-prices-weekly-update-jkm-ttf-and-henry-hub-5-october-2026#respond Tue, 06 Oct 2026 12:07:19 +0000 https://peakoil.com/generalideas/natural-gas-prices-weekly-update-jkm-ttf-and-henry-hub-5-october-2026 Natural gas prices showed mixed movements last week as Middle East developments and changing supply expectations drove volatility. JKM and Henry Hub declined, while TTF rose as European markets refocused on winter supply risks and relatively low storage levels. Asia – JKM: The Northeast Asian assessed spot LNG price JKM for last week (28 September–2 […]]]> https://peakoil.com/consumption/natural-gas-prices-weekly-update-jkm-ttf-and-henry-hub-5-october-2026/feed 0 https://peakoil.com/production/tankers-sought-as-iraq-pushes-on-with-hormuz-oil-exports https://peakoil.com/production/tankers-sought-as-iraq-pushes-on-with-hormuz-oil-exports#respond Tue, 06 Oct 2026 10:07:03 +0000 https://peakoil.com/generalideas/tankers-sought-as-iraq-pushes-on-with-hormuz-oil-exports Iraq is set to hire additional tankers, with at least two arriving over the next few days as the country looks for greater control over moving its oil through the heavily contested Strait of Hormuz. State-owned Iraqi Oil Tankers Co. expects to charter at least one very large crude carrier and a smaller Suezmax in […]]]> https://peakoil.com/production/tankers-sought-as-iraq-pushes-on-with-hormuz-oil-exports/feed 0 https://peakoil.com/production/russian-regions-slowly-reimpose-fuel-purchase-limits-amid-ongoing-refinery-attacks https://peakoil.com/production/russian-regions-slowly-reimpose-fuel-purchase-limits-amid-ongoing-refinery-attacks#respond Tue, 06 Oct 2026 08:07:43 +0000 https://peakoil.com/generalideas/russian-regions-slowly-reimpose-fuel-purchase-limits-amid-ongoing-refinery-attacks A growing number of Russian regions have recently seen the reintroduction of fuel rationing measures to combat shortages of gasoline and diesel caused by Ukrainian drone strikes against major oil refineries throughout the country. In the Kaluga region southwest of Moscow, Governor Vladislav Shapsha announced the return of an odd-even system based on vehicle license […]]]> https://peakoil.com/production/russian-regions-slowly-reimpose-fuel-purchase-limits-amid-ongoing-refinery-attacks/feed 0 https://peakoil.com/production/china-taps-ultra-deep-oil-reserves-6000-metres-deep-as-global-energy-turmoil-continues https://peakoil.com/production/china-taps-ultra-deep-oil-reserves-6000-metres-deep-as-global-energy-turmoil-continues#respond Tue, 06 Oct 2026 06:09:29 +0000 https://peakoil.com/generalideas/china-taps-ultra-deep-oil-reserves-6000-metres-deep-as-global-energy-turmoil-continues China is accelerating ultra-deep oil and gas development to expand domestic supply amid global energy uncertainties, with advances in exploration and extraction technologies unlocking harder-to-recover resources. One key frontier is the resource-rich western region of Xinjiang, where PetroChina’s Hade-Fuman oilfield has produced more than 26 million tonnes of oil equivalent from reservoirs more than 6,000 […]]]> https://peakoil.com/production/china-taps-ultra-deep-oil-reserves-6000-metres-deep-as-global-energy-turmoil-continues/feed 0 https://peakoil.com/production/oil-dives-as-saudi-aramco-cuts-prices-for-asian-buyers https://peakoil.com/production/oil-dives-as-saudi-aramco-cuts-prices-for-asian-buyers#respond Tue, 06 Oct 2026 04:08:39 +0000 https://peakoil.com/generalideas/oil-dives-as-saudi-aramco-cuts-prices-for-asian-buyers Oil markets are losing ground amid signs indicating that oil is flowing through the Strait of Hormuz. Natural gas is moving higher as rebound continues despite low demand. Currently, natural gas is trying to settle above the resistance level at $3.00 – $3.05. If natural gas manages to settle above the $3.05 level, it will […]]]> https://peakoil.com/production/oil-dives-as-saudi-aramco-cuts-prices-for-asian-buyers/feed 0