Brent futures have been remarkably volatile since the start of the Iran war By Alex Longley and Grant Smith Oil prices don’t fully reflect the largest supply disruption ever, after the Iran war effectively closed the Strait of Hormuz, some of the market’s top analysts said. So far, the conflict has caused the loss of …
Oil Prices Don’t Reflect Scale of Supply Hit, Analysts Say Read More »
WCSB oil production can grow 1 MMbbl/d — but more pipeline capacity will be needed by the early 2030s CALGARY, Alberta (Apr. 21, 2026) — Enverus Intelligence® Research (EIR), a subsidiary of Enverus, the leading energy data analytics platform, has released its latest report, Oil Sands Play Fundamentals: From Pariah to Priority, which details why the Canadian …
(Reuters) – Saudi Arabia’s crude oil exports rose to 7.276 million barrels per day in February, from 6.993 million bpd in January, while crude output hit its highest level since October 2022, Joint Organizations Data Initiative (JODI) data showed on Tuesday. Saudi production in February was about 10.882 million bpd, the JODI data showed, up …
Saudi Arabia February Crude Exports Up, Output Highest Since 2022, JODI Says Read More »
(Reuters) – President Donald Trump told CNBC in an interview on Tuesday that he did not want to extend a ceasefire with Iran, adding the U.S. was in a strong negotiating position and would end up with what he called a great deal. “I don’t want to do that. We don’t have that much time,” …
Trump Says He Does Not Want to Extend Ceasefire With Iran Read More »
(Reuters) – The U.S.-Israeli war with Iran has disrupted shipping through the Strait of Hormuz, the world’s most important oil chokepoint, exposing the Middle East’s limited alternatives for exporting its hydrocarbons. The International Energy Agency (IEA) called it the largest supply disruption on record, bigger than the oil shocks of the 1970s and the loss …
Alternative Routes for Middle East Oil and Gas Due to Hormuz Disruption Read More »
(Reuters) – An armada of crude oil and refined products tankers is heading to Asia from the United States, but even record-high exports from the world’s top producer cannot come close to making up the losses from the war against Iran. U.S. crude exports are on track for their two strongest months ever in April …
US Crude and Fuel Exports Surge to Record Highs, But it’s Not Enough: Russell Read More »
(Reuters) – Russia was forced to reduce oil output in April due to Ukrainian drone attacks on ports and refineries, as well as a halt to crude supplies via the only remaining Russian oil pipeline to Europe, according to five sources and Reuters calculations. In what could be the sharpest monthly decline to Russian output …
Shipping traffic through the Strait of Hormuz remained broadly halted on Tuesday with only three ships passing the waterway in the past 24 hours, shipping data showed. A U.S. blockade of Iranian ports has infuriated Tehran, prompting it to maintain its own restrictions on the strait, which had been typically handling roughly one-fifth of the …
Shipping Traffic Through Hormuz Still Largely Halted Read More »
(Reuters) – The conflict between Iran and the United States and Israel is creating the worst energy crisis ever faced by the world, the head of the International Energy Agency (IEA) said on Tuesday. “This is indeed the biggest crisis in history,” Birol told France Inter radio in an interview broadcast on Tuesday. “The crisis is …
War in Iran is Causing Biggest Energy Crisis in History, IEA Says Read More »
Halliburton beats profit estimates on oilfield services demand in Latin America, Europe (Reuters) – Halliburton beat Wall Street estimates for first-quarter profit on Tuesday, as steady demand in Latin America and Europe helped offset a slowdown in activity in the Middle East due to the Iran war. Revenue in the U.S. oilfield services provider’s international …
Halliburton Beats Profit Estimates on Oilfield Services Demand in Latin America, Europe Read More »
