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Tunnel Oil & Gas Press Releases

Veteran Oil Partners secures $1.7MM capital commitments

Veteran Oil Partners secures $1.7MM capital commitments

Veteran Oil Partners, a Dallas based energy firm, announced today the closing of the J. Fite LP with $1,700,000 in equity cash commitments secured. Veteran Oil Partners is the managing general partner of the J. Fite LP, an oil focused investment program that...

Veteran Oil Partners’ oil production surges 586% in the last year.

Veteran Oil Partners’ oil production surges 586% in the last year.

As of November 4th 2019 Veteran Oil Partners, a Dallas based oil exploration and development company, has produced more than 52,761 barrels of WTI crude oil in 2019; approximately $3,000,000 in gross oil revenue at an average price of $57.00 per barrel. This marks a...

O&G Industry Headlines

Oil Prices Set for First Weekly Dip of the Year
Crude oil prices were set for their first weekly decline since the start of the year as the risk of a direct military confrontation between the United States and Iran de-escalated. At the time of writing, Brent crude was trading at $68.09 per barrel, and West Texas Intermediate was changing... Read more
Published on: 2026-02-06
Source: Oil Price RSS
StanChart: Oil Market Rebalances as Oversupply Fears Fade Into 2026
The oil price rally has finally run out of steam, with oil prices declining for the first time in three days, with the selection of Kevin Warsh as the next U.S Federal Reserve chair (expected to be more dovish than Jerome Powell), the notable ratcheting down of rhetoric between the... Read more
Published on: 2026-02-05
Source: Oil Price RSS
Alberta Plans New Crude Oil Pipeline to Ship Energy Exports to Asia
After years of antagonism between the federal government and Alberta over additional outlets for crude, Canada and the oil-producing province are finally on the same page regarding Canadian,/ oil exports. It took a major geopolitical and trade shift from Canada’s long-term ally and top trade partner, the United States, to... Read more
Published on: 2026-02-05
Source: Oil Price RSS
Peak Coal Expectations Return with 2025 Import Dip
Speculation about the peak in demand for hydrocarbons has abounded for years as parts of the world struggle to reduce their consumption of coal, oil, and gas. Peak coal resurfaced this week, following data showing that Asian seaborne imports of the energy commodity had inched down by 4.4% in 2025,... Read more
Published on: 2026-02-05
Source: Oil Price RSS
Volvo Slump Fuels Fears for Europe’s Auto Industry
Shares in Volvo Cars crashed the most on record in Stockholm, with Bloomberg data going back to late 2021, after it reported fourth-quarter earnings that missed analyst expectations. A toxic blend of higher US tariffs, cuts to EV subsidies, a stronger Swedish krona versus a weaker dollar, and an intensifying... Read more
Published on: 2026-02-05
Source: Oil Price RSS
Oil Settles Lower as Iran-US Talks Ease Risk
Oil prices closed lower as Iran confirmed talks with the US, easing near-term supply risks.... Read more
Published on: 2026-02-05
Source: Rigzone RSS
Tehran Turns Routine Seizure Into Strategic Message
Iran's Islamic Revolutionary Guard Corps (IRGC) Navy says it has seized two vessels near Farsi Island allegedly carrying large quantities of smuggled fuel, the country's Students' News Agency (ISNA) reported Thursday - at a moment the nation's military has its "finger on the trigger" amid threats from the Trump White House and Israel. More than... Read more
Published on: 2026-02-05
Source: Oil Price RSS
Vitol, Total Snap Up North Sea Oil at Fastest Pace on Record
Vitol Group and TotalEnergies SE are hoovering up key North Sea crude supplies.... Read more
Published on: 2026-02-05
Source: Rigzone RSS
Turkey, Chevron Sign Agreement on Global Exploration
The deal is the latest instance of increased cooperation between Turkish and U.S. energy companies.... Read more
Published on: 2026-02-05
Source: Rigzone RSS
USA Crude Oil Stocks Drop 3.5MM Barrels WoW
Crude oil stocks, not including the SPR, stood at 420.3 million barrels on January 30, according to the EIA's latest weekly petroleum status report.... Read more
Published on: 2026-02-05
Source: Rigzone RSS
BOEM Announces 'Major Step' Toward Expanding Offshore Energy
The Bureau of Ocean Energy Management announced 'another major step toward expanding offshore energy development pursuant to the One Big Beautiful Bill Act'.... Read more
Published on: 2026-02-05
Source: Rigzone RSS
Pemex Slashes Debt to 11 Year Low
Mexico's Petroleos Mexicanos reduced its debt to the lowest level in 11 years.... Read more
Published on: 2026-02-05
Source: Rigzone RSS

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