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IEA Flips to Deficit, Iran Cracks the Door: What Wednesday's Numbers Mean for US Upstream

IEA Flips to Deficit, Iran Cracks the Door: What Wednesday's Numbers Mean for US Upstream

The IEA doesn't flip its annual balance from surplus to deficit without a reason. Today it did, and the reason is sitting at the bottom of the Persian Gulf. The agency's May 2026 Oil Market Report projects global supply will fall 3.9 million barrels per

KLX Energy Q1 2026: Northeast Gas Lifts While Permian Drags — Q2 Guidance Signals Recovery (KLXE)

KLX Energy Q1 2026: Northeast Gas Lifts While Permian Drags — Q2 Guidance Signals Recovery (KLXE)

EU Storage Mandates Bend, US LNG Surges: What Brussels' Retreat Means for EQT, Expand Energy, and the Drilling Contractors

EU Storage Mandates Bend, US LNG Surges: What Brussels' Retreat Means for EQT, Expand Energy, and the Drilling Contractors

Pumpjack extracting oil from an oil well, land operations

SM Energy Clears Bonanza Creek Legacy: $400M Debt Retirement Caps Civitas Integration Sprint (SM)

Permian Basin Oil Production Outlook 2026: Midland vs. Delaware, Growth Ceiling, and What Operators Are Watching

Permian Basin Oil Production Outlook 2026: Midland vs. Delaware, Growth Ceiling, and What Operators Are Watching

The Permian Basin Oil Production Outlook in 2026: Growth, Constraints, and What Comes Next The Permian Basin oil production outlook in 2026 is running ahead of expectations. Texas field production hit 5,806 Mbbl/d in February 2026, up from 5,560 Mbbl/d in January, according to EIA data.

EU Blinks on Storage, SM Clears Legacy Debt: Wednesday Capital Markets Brief

EU Blinks on Storage, SM Clears Legacy Debt: Wednesday Capital Markets Brief

SM Energy retires $400M in legacy Bonanza Creek notes. The EU backs flexibility on gas storage mandates. SLB locks in $2B at 10-year rates. WTI holds $101.

Life Support: Iran Ceasefire Falters, Brent Nears $110, Qatar Goes Dark at Ras Laffan

Life Support: Iran Ceasefire Falters, Brent Nears $110, Qatar Goes Dark at Ras Laffan

Trump says the Iran ceasefire is on 'life support.' Brent nears $110. Qatar asks LNG vessels at Ras Laffan to switch off transponders. Japan and South Korea burn coal. Tuesday closes on structural disruption, not a spike.