Young professionals may pivot away from a career in oil and gas
Letter from Houston: Fiscal discipline has positives and negatives
No rush for a production rebound makes sense. But it may impact on the long-term attractiveness of a career in oil
The Texas oil industry—and production across much of the US more broadly—has, unsurprisingly, spent a year struggling to adjust for highly uncertain demand conditions. It still also bears the psychological scars of last year’s negative April WTI price. To briefly recap, overwhelming selling demand to close out long positions from paper traders unable to take delivery of physical barrels and a lack of Cushing tank capacity forced the expiring WTI futures contract to previously unseen lows. Physically traded WTI—along with other US grades, which often trade over the counter and share a positive correlation with WTI paper—also weakened considerably. As a reaction, according to the EIA, Lower-48
Also in this section
10 March 2026
From Venezuela to Hormuz, the US—backed by the most powerful military force ever assembled—is redrawing not only oil and gas flows but also the global balance of energy power
10 March 2026
By shutting the Strait of Hormuz, Iran has cut exports of distillate-rich Middle Eastern crude, jet fuel and diesel, and is holding the energy market hostage
10 March 2026
Eni’s director for global gas and LNG portfolio, Cristian Signoretto, discusses how demand will respond to rising LNG supply, and how the company is expanding its own gas and LNG operations through disciplined, capital-efficient investments
9 March 2026
Petroleum Economist analysis sees increases in output from Saudi Arabia, Venezuela and Kazakhstan among others before region’s murky descent
