CIR Morning Brief — Thursday, April 16, 2026
Guyana Stabroek ramp hits 800K bbl/d as Atlantic Basin alternative to Hormuz barrels; Chevron Venezuela at 250K bbl/d; TMX loading near capacity; completions sector pulse — WTI ~$91.40, Brent ~$94.80.
CIR Research Desk
CIR Afternoon Update — April 15, 2026
The United States escalated its energy sanctions campaign on Wednesday, with Treasury Secretary Scott Bessent announcing that the U.S. will not renew the waivers that previously allowed certain purchases of Iranian and Russian oil without triggering American sanctions — a move with significant implications for global crude supply and U.
CIR Morning Brief — Wednesday, April 15, 2026
WTI: $92.24 | Brent: $95.81 | Henry Hub: $2.58/MMBtu
Prices as of Wednesday morning open, April 15, 2026 (Yahoo Finance)
Market Pulse
Crude benchmarks are holding elevated territory this morning as geopolitical risk premium refuses to fade. WTI settled at $92.24/bbl and Brent at $95.81/
CIR Afternoon Update — April 14, 2026
Crude markets posted their sharpest single-session decline in weeks on Tuesday as a formal U.S. naval blockade against Iran took effect, rattling global supply chains and triggering a steep selloff in WTI and Brent futures.
U.S. Blockade on Iran Now in Force — Markets Whipsaw
According to OilPrice.com
CIR Morning Brief — Tuesday, April 14, 2026
April 14, 2026 — Houston
Two EDGAR filings, one $3 billion deal close, and a multi-billion-dollar international contract win — Tuesday's upstream tape is loud before the market even opens. Diamondback Energy dropped Q1 2026 preliminary results late Monday, Ovintiv officially shut the books on its Anadarko exit, and Halliburton
CIR Afternoon Update — April 13, 2026
Crude oil prices surged Monday as a confluence of geopolitical supply disruptions and a major analyst price-target reaffirmation pushed WTI above $99/bbl — its strongest close in several months.
According to Reuters, Saudi Arabia announced Sunday that it has restored full oil pumping capacity through its East-West pipeline to approximately
CIR Morning Brief — Monday, April 13, 2026
Weekly Setup — Monday, April 13, 2026
Oil markets open this week with a stabilized but elevated price deck, a confirmed deepwater discovery in the Gulf of America, and shale drillers facing the key question of whether $95+ WTI is enough to break their hard-won capital discipline. Q1 2026 earnings season