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Petroline Has No Second Gear: JODI March Data Confirms Saudi Export Ceiling

Saudi March crude exports hit 4.974 MMbpd, a JODI record low. Petroline is maxed out at 7 MMbpd and Yanbu can only load 4.0-4.5 MMbpd. The bypass route has hit its physical ceiling, and Q3 supply math is closing fast.

The Deal That Did Not Deal: WTI Holds $76 as Hormuz Goes Quiet Again

WTI closed at $76.54. The Hormuz talks collapsed before they began. Kuwait pledged 2 million bpd. And the market barely moved. Here is what that tells operators about where we are.

Permian Basin production facility aerial view

Gas Holds While Oil Slips: EQT and Expand Energy's Structural Advantage at $75 WTI

Aerial view of gas processing facility with four storage tanks and solar panels

The Floor Debate: Why $75 WTI Recovered From This Morning's $74 and What Friday's Rig Count Tells Us

WTI hit $74.19 this morning and closed at $75.35. The $1.16 recovery is a market actively debating where the floor is — and the IEA surplus math vs. depleted SPR inventory is the crux of it.

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