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BKR Q1: Services Splits in Two — IET Soars While OFSE Stalls
Baker Hughes Q1 confirms the services bifurcation: IET orders up 54% YoY at record $33.1B RPO while OFSE faces Middle East pressure. WTI holds $91 after a wild $10 swing. Helix and Hornbeck merge deepwater assets.
Services Sector Green-Lights Q2: BKR, LBRT, and PTEN All Signal the Inflection Has Arrived
Thursday's oilfield services earnings were unusually coordinated in their message: Q1 was the trough, Q2 is the inflection. Baker Hughes, Liberty Energy, and Patterson-UTI all reported the same morning, and the common thread running through all three was striking. Frac fleets near full utilization. Price increases being actively
Americas Crude Steps Into the Hormuz Void: Mexico, Guyana, and Canada Reshape Atlantic Basin Trade
EU Gas Storage at 31%: ACER’s Warning and the US LNG Opportunity
WTI at $96, Brent Above $105: Iran War Reshapes Global Crude Flows
WTI is trading at $96.49 intraday, up $6.88 (+7.68%), and Brent has broken above $105 — the Iran war premium is doing what war premiums do: compressing risk tolerance across every Atlantic Basin supply chain. The real story isn’t the price alone; it’s what’s happening
