Iran Offers Hormuz Deal as Supermajor Earnings Week Begins
Iran offers to end Hormuz chokehold if US lifts naval blockade. Brent reported above $107. ExxonMobil and Chevron report Q1 Thursday. Matador CFO/COO swap filed.
CIR Research Desk
The Floor Holds: WTI $96, Brent $101, Zero Catalyst
WTI closed Monday at $96.64, up $2.24 on the day. Brent finished at $101.85, up $2.72, holding above $100 for the entire session. A sweep of 18 major operator and services company SEC filings turned up zero new 8-Ks. No OPEC+ announcement. The wire services
Weekly Setup: $101 Brent, Mega-Major Earnings Thursday, Devon-Coterra Countdown
The week opens with WTI at $96 and Brent back above the $100 handle, as two of the biggest market events in months land on this week's calendar. ExxonMobil and Chevron report Q1 2026 results Thursday. The Devon-Coterra shareholder vote fires next Monday, May 4. This is
The Services Trifecta Closes: SLB Confirms What BKR and HAL Already Said
SLB's Q1 2026 results, filed Friday morning, closed the loop on the week's defining earnings narrative. Three of the world's largest oilfield services companies have now reported the same quarter, and the pattern across all three is impossible to dismiss.
SLB reported Q1 revenue
BKR Q1: Services Splits in Two — IET Soars While OFSE Stalls
Baker Hughes Q1 confirms the services bifurcation: IET orders up 54% YoY at record $33.1B RPO while OFSE faces Middle East pressure. WTI holds $91 after a wild $10 swing. Helix and Hornbeck merge deepwater assets.
Services Sector Green-Lights Q2: BKR, LBRT, and PTEN All Signal the Inflection Has Arrived
Thursday's oilfield services earnings were unusually coordinated in their message: Q1 was the trough, Q2 is the inflection. Baker Hughes, Liberty Energy, and Patterson-UTI all reported the same morning, and the common thread running through all three was striking. Frac fleets near full utilization. Price increases being
WTI at $96, Brent Above $105: Iran War Reshapes Global Crude Flows
WTI is trading at $96.49 intraday, up $6.88 (+7.68%), and Brent has broken above $105 — the Iran war premium is doing what war premiums do: compressing risk tolerance across every Atlantic Basin supply chain. The real story isn’t the price alone; it’s what’s happening