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morning-brief

WTI Recovers to $96 as EIA Inventory Data Looms: Wednesday Capital & RBL Season Wrap

WTI Recovers to $96 as EIA Inventory Data Looms: Wednesday Capital & RBL Season Wrap

WTI opens Wednesday at $96.34 as EIA weekly inventory data looms and spring RBL redetermination season wraps. The $87-$97 range of the past ten days has put operator capital decisions — and lender price decks — squarely in focus.

NOG Closes Duvernay, SM Clears $419M in Debt: Tuesday's Balance Sheet Signals at $91 WTI

NOG Closes Duvernay, SM Clears $419M in Debt: Tuesday's Balance Sheet Signals at $91 WTI

Two filings crossed EDGAR overnight that tell the same story: operators and non-ops alike are using $90+ WTI to clean up balance sheets and move on acquisition targets they have been eyeing since prices broke lower in April. Northern Oil and Gas closed its CA$350 million Duvernay Shale

Oil tanker at sea amid rough conditions

Strikes Reopen the Premium: WTI Bounces to $90 as France Seizes Sanctioned Russian Tanker

WTI rebounds to $90.63 as weekend U.S. strikes and Israel-Lebanon escalation reverse Friday's selloff; France seizes sanctioned Russian tanker in first Atlantic interdiction; Goldman flags demand destruction as counter-weight to supply shock.

Saudi Slashes July OSPs as WTI Closes Below $88: The Demand Signal Is Official

Saudi Slashes July OSPs as WTI Closes Below $88: The Demand Signal Is Official

WTI finished Friday morning at $87.71, the lowest print since the Hormuz disruption first priced a geopolitical premium into crude in April. The number matters less than what's confirming it: Saudi Arabia is cutting its July official selling prices for Asian buyers by $3 to $8 per

Strikes Reverse the Sub-$90 Print: WTI Back at $90 as Hormuz Tankers Clear and Iran Talks Crack

Strikes Reverse the Sub-$90 Print: WTI Back at $90 as Hormuz Tankers Clear and Iran Talks Crack

Fresh U.S. strikes on Iranian military targets sent WTI back above $90 overnight, three tankers cleared Hormuz, and Europe is accelerating LNG diversification toward Canada.

Iran Deal Optimism Sends WTI to $90: Wednesday's Three-Front Pressure Test

Iran Deal Optimism Sends WTI to $90: Wednesday's Three-Front Pressure Test

Iran deal optimism is driving crude’s third major stress test in as many weeks. WTI is down more than $4 this morning on renewed speculation that US-Iran nuclear talks are moving toward a framework agreement — the same thesis that broke crude below $100 over Memorial Day weekend before

Strikes Reopen the Iran Premium: WTI Bounces to $92 as Tuesday's Market Tests the New Floor

Strikes Reopen the Iran Premium: WTI Bounces to $92 as Tuesday's Market Tests the New Floor

WTI rebounds to $92.23 from the $90.88 holiday floor after overnight U.S. strikes on Iranian targets complicate the deal narrative. QatarEnergy extends force majeure through August. India cuts demand growth 40%. Technology Tuesday: European data centers outgrowing clean power.