CIR Morning Brief — Monday, April 20, 2026
WTI $87.25 | Brent $94.73 | HH $2.73 — Iran tensions persist, CVX Q1 pre-release: 3.8-3.9 MMboe/d production, Waha basis hits record -$9.53, Q1 earnings season opens.
Latest
CIR Afternoon Update — April 17, 2026
Crude oil prices suffered one of their steepest single-session drops in years on Friday afternoon as Iran's announcement that the Strait of Hormuz is open to commercial shipping triggered a massive wave of long-side liquidation across energy markets.
Hormuz Declared Open — WTI Crashes Nearly 10%
According to OilPrice.
Production Services in the Age of Hormuz: Who Wins When Operators Stop Drilling and Start Optimizing
CIR Morning Brief — Friday, April 17, 2026
WTI at $87.79 | Brent at $96.30 | Henry Hub $2.68/MMBtu — Week in Review: Hormuz blockade, $114 WTI spike, ceasefire pullback. Production services sector pulse + week wrap.
CIR Afternoon Update — April 16, 2026
U.S. crude oil surged Thursday after diplomatic signals out of Washington suggested the months-long Iran standoff may be approaching a negotiated exit. According to Hart Energy, WTI settled up 3.72% at $94.69/bbl and Brent closed at $99.39/bbl, up 4.7% on the day — the
Guyana's 900K Barrel Moment: Why Stabroek Is the Atlantic Basin's Best Hormuz Hedge
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.