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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

A think tank set up by former British Prime Minister Tony Blair has urged the Starmer government to reverse the decline in the country’s oil and gas industry, saying its revival could boost the economy by 165 billion pounds, equal to $224.42 billion. In a paper titled Why Britain Needs... Read more
Published on: 2026-02-13
Source: Oil Price RSS
Global sales of electric cars declined by 3% last month as China moved to reduce subsidies and introduce a purchase tax on EVs, adding to consumer cooling after the U.S. federal government canceled EV tax incentives for buyers. EVs have been touted as one of the leading factors in oil... Read more
Published on: 2026-02-13
Source: Oil Price RSS
Crude oil prices began trade with a decline today, set for the second consecutive weekly loss as fears of a U.S.-Iran escalation faded. At the time of writing, Brent crude was trading at $67.36 per barrel, with West Texas Intermediate at $62.66 per barrel, both essentially unchanged on Monday but... Read more
Published on: 2026-02-13
Source: Oil Price RSS
Last year, U.S. Treasury Secretary Scott Bessent set a target to cut the U.S. federal budget deficit to just 3% of GDP by the end of President Donald Trump’s second term. The deficit reduction was a key component of his "3-3-3" economic plan, with the other two being achieving 3%... Read more
Published on: 2026-02-12
Source: Oil Price RSS
Europe’s gas demand could rise even higher at the end of this winter, making it even more challenging to refill storage that has been depleting at the fastest pace in years.         So far into 2026, snowfall and snow coverage in the Alps, which feed a large part of the hydropower... Read more
Published on: 2026-02-12
Source: Oil Price RSS
Europe is still suffering from the consequences of its decadeslong dependence on Russian energy imports. But as the bloc continues to wean itself off of Russian oil and gas, Europe is facing new and compounding energy dependence threats from the United States and China. European policymakers are in a tough... Read more
Published on: 2026-02-12
Source: Oil Price RSS
Oil prices fell as investors turned cautious on Iran risks and weaker equities.... Read more
Published on: 2026-02-12
Source: Rigzone RSS
Abu Dhabi National Oil Co.'s shipping arm is evaluating the purchase of liquefied natural gas tankers.... Read more
Published on: 2026-02-12
Source: Rigzone RSS
Global exploration is signaling an 'early recovery', according to Enverus Intelligence Research.... Read more
Published on: 2026-02-12
Source: Rigzone RSS
Ukrainian drones hit another Russian refinery owned by Lukoil PJSC.... Read more
Published on: 2026-02-12
Source: Rigzone RSS
Crude oil stocks, not including the SPR, stood at 428.8 million barrels on February 6, according to the EIA's latest weekly petroleum status report. ... Read more
Published on: 2026-02-12
Source: Rigzone RSS
Rystad Energy outlined that the January U.S. labor market report 'surprise[d]... to the upside, underpinning energy demand'. ... Read more
Published on: 2026-02-12
Source: Rigzone RSS

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