Hormuz Premium Gone, Eni-Mercuria Eyes LNG Trade, RBL Math Tightens at $67
Hormuz exports recover, WTI opens at $67.66, and the geopolitical premium that ran crude to $110 in April is effectively gone. The RBL reset clock is now ticking at sub-$68.
crude-prices
Q2 Closes at $71: WTI's Quarter-End Print and the Gas Divergence That Isn't Going Away
WTI closes Q2 at $70.95 as OPEC+ supply math resets operator price decks. Henry Hub diverges higher at $3.22. Tuesday Technology beat: EQT and EXE's AI data center positioning.
Week Closes Below $70: WTI's New Floor Test and Devon's Balance Sheet Move
WTI broke below $70 at this morning's open. Devon completed its Coterra note exchange. Baker Hughes rig count due at 1pm CT. The week's setup for US upstream.
$70 WTI and What the Market Just Told Us: Day-Close Verdict for US Upstream
WTI crude settled near $70 on Thursday, and the market's verdict is clearer than the headlines suggest: OPEC's cohesion is cracking, US upstream operators are repricing their second-half assumptions, and the companies that moved earliest to consolidate their balance sheets are now sitting in the
Iraq Threatens OPEC Exit as WTI Breaks $70: Thursday's Supply Math Just Changed
WTI broke below $70 overnight as Iraq threatened to quit OPEC over production quotas, Qatar restored LNG output, and the floor debate that defined June gets answered.
The $70 Break: China's Import Collapse Ends the Floor Debate
WTI broke $70 for the first time since Hormuz escalation began — driven by Chinese import data showing demand at 2018 lows. The EIA draw was massive. The market doesn't care.
WTI Breaks $72 as China's Teapot Refineries Signal Demand Collapse: Wednesday's Capital Markets Setup
WTI crude fell through $72 this morning for the first time in the current downcycle, settling at $71.99/bbl as China's refinery demand erosion collided with a market already pricing in Hormuz normalization. Henry Hub held firm at $3.215/MMBtu — up 0.97% — extending the oil-