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CIR Research Desk

CIR Research Desk

The Bond Market Speaks: Venture Global's $2.25B Refinancing and What Tuesday's WTI Recovery Means

The Bond Market Speaks: Venture Global's $2.25B Refinancing and What Tuesday's WTI Recovery Means

WTI closed at $93.37. The real signal came from the bond market: Venture Global priced a $2.25 billion notes offering, locking in long-term LNG infrastructure debt at current spreads.

NOG Closes Duvernay, SM Clears $419M in Debt: Tuesday's Balance Sheet Signals at $91 WTI

NOG Closes Duvernay, SM Clears $419M in Debt: Tuesday's Balance Sheet Signals at $91 WTI

Two filings crossed EDGAR overnight that tell the same story: operators and non-ops alike are using $90+ WTI to clean up balance sheets and move on acquisition targets they have been eyeing since prices broke lower in April. Northern Oil and Gas closed its CA$350 million Duvernay Shale

Iran Pulls the Plug: WTI Surges to $92 as Talks Break Down and Weatherford Makes Its Move

Iran Pulls the Plug: WTI Surges to $92 as Talks Break Down and Weatherford Makes Its Move

WTI closed Monday at $90.63 — up 3.59% from Friday — but that was before Iran suspended communications with Washington. By mid-afternoon, crude had surged again, with Brent hitting $96.10 and WTI above $92. The morning's geopolitical bid just became the afternoon's price discovery.

Oil tanker at sea amid rough conditions

Strikes Reopen the Premium: WTI Bounces to $90 as France Seizes Sanctioned Russian Tanker

WTI rebounds to $90.63 as weekend U.S. strikes and Israel-Lebanon escalation reverse Friday's selloff; France seizes sanctioned Russian tanker in first Atlantic interdiction; Goldman flags demand destruction as counter-weight to supply shock.

The Week the Premium Died: WTI Closes at $87.91 as Friday's Close Frames the New Reality

The Week the Premium Died: WTI Closes at $87.91 as Friday's Close Frames the New Reality

WTI settled at $87.91 Friday — the fourth close in the $87-$89 band and the lowest sustained range since before the Hormuz premium built. The Iran risk premium is gone. Here's what it means.

Saudi Slashes July OSPs as WTI Closes Below $88: The Demand Signal Is Official

Saudi Slashes July OSPs as WTI Closes Below $88: The Demand Signal Is Official

WTI finished Friday morning at $87.71, the lowest print since the Hormuz disruption first priced a geopolitical premium into crude in April. The number matters less than what's confirming it: Saudi Arabia is cutting its July official selling prices for Asian buyers by $3 to $8 per

The Bounce Fades: WTI Gives Back Thursday's Strike Gains and Returns Below $89

The Bounce Fades: WTI Gives Back Thursday's Strike Gains and Returns Below $89

WTI opened Thursday at $90.17, lifted overnight by U.S. strikes on Iranian missile sites east of Bandar Abbas. By early afternoon, the market had given it all back. The front-month contract faded to $88.76 at close — below Wednesday's sub-$90 print, and below every