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.
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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.
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
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.
CIR Afternoon Update — April 15, 2026
The United States escalated its energy sanctions campaign on Wednesday, with Treasury Secretary Scott Bessent announcing that the U.S. will not renew the waivers that previously allowed certain purchases of Iranian and Russian oil without triggering American sanctions — a move with significant implications for global crude supply and U.
E&P Earnings Tracker 2026: Production Guidance, Capex, and Operator Scorecards
Q1 2026 upstream earnings season is underway. WTI above $100/bbl, energy +38% in Q1. CIR tracks ExxonMobil, Chevron, FANG, EOG, and the full E&P scorecard — realized prices, capex, and what guidance revisions signal for the sector.