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morning-brief

Saudi Exports Hit Record Low as Goldman Sounds Stockpile Alarm: Thursday's Global Supply Brief

Saudi Exports Hit Record Low as Goldman Sounds Stockpile Alarm: Thursday's Global Supply Brief

JODI data shows Saudi Arabia's crude exports at record lows as Hormuz physical constraints bite. Goldman Sachs escalates its global stockpile alarm. WTI $98.07, Brent $104.48.

Trump's 'Quick' War Comment Hits Crude: WTI Drops $5.73 as Capital Markets Add Pressure

Trump's 'Quick' War Comment Hits Crude: WTI Drops $5.73 as Capital Markets Add Pressure

WTI crude shed $5.73 to $98.44 Wednesday morning after President Trump stated the US would end the Iran war "very quickly" — the largest single-session pullback since the Hormuz geopolitical premium began building in late February. The move doesn't signal resolution. It signals how

CIR Morning Brief — Tuesday, May 19, 2026

CIR Morning Brief — Tuesday, May 19, 2026

Oil prices eased modestly at Tuesday's open as the market absorbed Monday's geopolitical premium. WTI settled back from Monday's $104.38 close to $103.09, and Brent slipped from $112.10 to $110.14, a move that looks more like technical consolidation than any

WTI Opens at $102, Brent Holds $110: What's Behind This Week's Bid — and the $38B M&A Signal

WTI Opens at $102, Brent Holds $110: What's Behind This Week's Bid — and the $38B M&A Signal

WTI opens the week at $102.28 as Brent holds above $110. US upstream M&A hits $38B year-to-date. Chinese refiners cut crude runs. Frac sector re-rating thesis at Monday open.

Commonwealth LNG FIDs $13B, Trump Loses Patience With Iran: Friday's Week-Closing Setup

Commonwealth LNG FIDs $13B, Trump Loses Patience With Iran: Friday's Week-Closing Setup

Commonwealth LNG approved its $13 billion Louisiana export facility Friday morning. Pemex's CEO is out. Brent is heading for a 6% weekly gain. The Iran risk premium is no longer theoretical.

Hormuz Opens for Some, Closes for Others: Iran's Passage Strategy and the May 16 Wildcard

Hormuz Opens for Some, Closes for Others: Iran's Passage Strategy and the May 16 Wildcard

A Japan-bound crude tanker cleared the Strait of Hormuz this morning, Reuters reported, citing LSEG vessel-tracking data. It's only the second Japan-bound cargo to make it through since U.S. and Israeli forces launched strikes on Iran in late February. The transit doesn't

EU Blinks on Storage, SM Clears Legacy Debt: Wednesday Capital Markets Brief

EU Blinks on Storage, SM Clears Legacy Debt: Wednesday Capital Markets Brief

SM Energy retires $400M in legacy Bonanza Creek notes. The EU backs flexibility on gas storage mandates. SLB locks in $2B at 10-year rates. WTI holds $101.