Record U.S. Crude Supply Meets Unusually Strong Demand — and Global Ripples Follow

The global crude market is entering a rare phase: the world’s largest producer, the United States, is pumping at record levels and consuming barrels at a pace that defies seasonal patterns. Add tightening chokepoints in Europe, Saudi pricing adjustments, and Libya’s upstream revival—and the Atlantic and Middle Eastern basins are now locked in a complex tug-of-war between abundance and constraint.

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Occidental’s Vicki Hollub: Oil Prices Stable Through 2026, Bullish Beyond

Occidental Petroleum CEO Vicki Hollub shared a confident yet measured outlook for oil markets this week at the Energy Intelligence Forum in London, forecasting a period of price stability followed by a tightening market later in the decade. Hollub expects oil prices to remain within a $58 to $62 per barrel range through 2026, describing the near-term environment as relatively balanced. But beyond that horizon, she sees growing potential for upward movement. v

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Energy Fuels Innovation Hits Pittsburgh: $92 Billion in Energy and Innovation Investments Announced for Pennsylvania

At the Pennsylvania Energy and Innovation Summit, hosted by Senator Dave McCormick More than $92 billion in private-sector investments—yes, nearly one-tenth of a trillion dollars—were unveiled for the Keystone State.
And at the center of this massive wave of capital? The Marcellus Shale, the largest natural gas field in the United States and the foundation of Pennsylvania’s modern industrial resurgence.

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