Sign in Subscribe

crude-prices

The $73 Paradox: KRP Closes $145M Permian Deal and Dorian Books Tankers at $100K/Day

The $73 Paradox: KRP Closes $145M Permian Deal and Dorian Books Tankers at $100K/Day

WTI fell 2.1% today to $73.25. Kimbell Royalty Partners closed a $145.9M Permian deal. Dorian LPG booked tankers at $100K/day. The market is saying two things at once.

WTI Slides to $73.69 as Hormuz Risk Premium Drains: Tuesday's Oil-Gas Split

WTI Slides to $73.69 as Hormuz Risk Premium Drains: Tuesday's Oil-Gas Split

WTI holds $73.69 as Hormuz risk premium drains, Iran courts Asian refiners, and the oil-gas split sharpens. Plus: AI data center power demand and what it means for gas producers.

The Floor Is Gone: What Sable Offshore's Emergency Exxon Deal Reveals at $74 WTI

The Floor Is Gone: What Sable Offshore's Emergency Exxon Deal Reveals at $74 WTI

WTI broke $75 for the first time this week. Sable Offshore paid Exxon $30M for 30 more days. Kosmos sold its Equatorial Guinea assets. Two filings, one message.

The $75 Week: WTI Tests Support as Gas Diverges and BKR/Chart Closes In on EU Approval

The $75 Week: WTI Tests Support as Gas Diverges and BKR/Chart Closes In on EU Approval

WTI holds $75.34 entering Monday's session as the Hormuz premium finishes unwinding. Baker Hughes/Chart EU deal approaching close. Natural gas diverges. Wednesday's EIA data sets the week's tone.

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

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.

The $75 Floor and the Gas Divergence: Friday's Week-in-Review Setup

The $75 Floor and the Gas Divergence: Friday's Week-in-Review Setup

WTI settled at $75.79 on Thursday — a number that would have looked like crisis pricing two months ago, now looks like a floor. The Hormuz supply flood Gareth has been tracking since June 15 continues to reprice crude, but natural gas is telling a different story. Henry Hub held

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.