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morning-brief

BKR Q1: Services Splits in Two — IET Soars While OFSE Stalls

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.

WTI at $96, Brent Above $105: Iran War Reshapes Global Crude Flows

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

CIR Morning Brief — Thursday, April 23, 2026

CIR Morning Brief — Thursday, April 23, 2026

WTI $93.56 | Brent $97.01 | HH $2.87 — SLB Q1 preview: Middle East hit vs recovery signals, Guyana/TMX/Venezuela Atlantic supply diversification, completions service beat.

CIR Morning Brief — Wednesday, April 22, 2026

CIR Morning Brief — Wednesday, April 22, 2026

WTI $90.19 | Brent $93.94 | HH $2.73 — Halliburton Q1: $5.4B revenue, $0.55 EPS, 13% margin, CEO sees NA recovery; RBL redeterminations underway.

CIR Morning Brief — Tuesday, April 21, 2026

CIR Morning Brief — Tuesday, April 21, 2026

WTI $87.48 | Brent $90.68 | HH $2.67 — Devon-Coterra pro forma filed ($66.7B combined assets), WTI pullback from $114 spike continues, AI/data center gas demand deepens.

CIR Morning Brief — Monday, April 20, 2026

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.

CIR Morning Brief — Friday, April 17, 2026

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.