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.
geopolitical
Talos Buys Shell's Gulf Deepwater for $850M on Q2's Last Day — What $70 WTI Looks Like From Offshore
Talos Energy acquires Shell's Gulf of America deepwater assets — $850M gross, $450-500M net — on the last trading day of Q2. At $70 WTI, the deal's logic says everything about where offshore operators see the floor.
$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
Weatherford's H2 Recovery Thesis Just Lost Its Price Deck (WFRD)
WFRD | NASDAQ | Source data: Q1 2026 10-Q filed April 22, 2026 (SEC accession 0001603923-26-000047); Yahoo Finance equity and commodity data, June 25, 2026
Weatherford entered 2026 with a straightforward H2 recovery story: Iran Conflict resolves by end of Q2, Middle East activity rebounds, North America holds, WCC
Shell at $70 WTI: What the Integrated Model Absorbs, and What It Doesn't
Shell's integrated model is absorbing $70 WTI better than any peer — but Q2 Upstream earnings compression, a gearing uptick, and the ARC acquisition timing create a more complicated picture than the stock price implies.
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.
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.