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Iran Offers Proposal Allowing Ships to Exit Oman Side of Hormuz Free of Attack, Source Says

(Reuters) – Iran could consider allowing ships to sail freely through the Omani side of the Strait of Hormuz without risk of attack as part of proposals it has offered in negotiations with the United States, providing a deal is clinched to prevent renewed conflict, a source briefed by Tehran said. The U.S.-Israeli war with …

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Edison Says Qatar May Extend Gas Force Majeure, Sees US LNG Filling Gap

(Reuters) – Qatar may extend its force majeure on gas supplies beyond mid-June, Italian importer Edison said on Wednesday, while predicting the gap will be plugged by U.S. supply instead of Russian gas. Speaking in a media briefing, Edison CEO Nicola Monti and its head of gas portfolio management Fabio Dubini said the Italian group …

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Iran Can Go Up to Two Months Without Oil Exports Before Cutting Output, Analysts Say

(Reuters) – Iran can withstand a complete halt in oil exports of up to two months before being forced to curb production, analysts said, after the U.S. began blocking shipping in and out of the country’s ports on April 13. The blockade could prevent roughly 2 million barrels per day (bpd) of Iranian crude from …

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With ~55,000 Sub-$50/bbl Locations, the Permian’s Low-Breakeven Runway Expands

New analysis reveals deepening inventory optionality alongside growing development sequencing risk across the basin CALGARY, Alberta (Apr. 15, 2026) — Enverus Intelligence® Research (EIR), a subsidiary of Enverus, the leading energy data analytics platform, has released its latest report, Permian Basin Play Fundamentals: The Intervals Keep Coming. As global supply uncertainty and price volatility weigh on capital …

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US Unlikely to Grant New Waiver to Buy Russian Oil, Wright Says

By Ari Natter The Trump administration is unlikely to issue a new a waiver allowing countries to buy sanctioned Russian oil as part of any efforts to tame high fuel prices, Energy Secretary Chris Wright said. “That was a broad-based reprieve,” Wright said Wednesday at an event held by the Wall Street Journal. “I don’t …

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Oil-Gear Maker NOV Cuts Earnings Guidance as Iran War Hikes Costs and Snarls Deliveries

By Emma Sanchez NOV Inc., one of the biggest US makers of oilfield gear, slashed its earnings guidance for the first quarter as the war in the Middle East raises costs and snarls equipment deliveries. Safety and logistical problems from the conflict dented revenue by about $54 million and adjusted earnings by around $32 million, …

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How to Make Drilling for Oil Woke Again

By Javier Blas It feels like an eternity, but it was only a decade ago when the political center-left was still for “all of the above” energy sources: fossil fuels and renewables alike. It was the not-so-distant days of Barack Obama, when the US president defended fracking as a force for good, saying there wasn’t …

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Goldman Sachs Flags Two‑Way Risks to Their 2026 Oil Price Outlook

(Reuters) – Goldman Sachs on Tuesday flagged both upside and downside risks to its average 2026 crude forecasts for Brent/WTI at $83/78 per barrel, citing growing uncertainty around Middle East developments and oil flows through the Strait of Hormuz. Reduced flows through Hormuz pose the biggest upside risk to Goldman’s price forecasts, with estimated oil …

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