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morning-brief

CIR Morning Brief — Tuesday, April 14, 2026

CIR Morning Brief — Tuesday, April 14, 2026

April 14, 2026 — Houston Two EDGAR filings, one $3 billion deal close, and a multi-billion-dollar international contract win — Tuesday's upstream tape is loud before the market even opens. Diamondback Energy dropped Q1 2026 preliminary results late Monday, Ovintiv officially shut the books on its Anadarko exit,

CIR Morning Brief — Monday, April 13, 2026

CIR Morning Brief — Monday, April 13, 2026

Weekly Setup — Monday, April 13, 2026 Oil markets open this week with a stabilized but elevated price deck, a confirmed deepwater discovery in the Gulf of America, and shale drillers facing the key question of whether $95+ WTI is enough to break their hard-won capital discipline. Q1 2026 earnings

CIR Morning Brief — Friday, April 10, 2026

CIR Morning Brief — Friday, April 10, 2026

A volatile week for crude markets ends with more questions than answers: the Iran-U.S. ceasefire that briefly crashed WTI $18 on Tuesday is already fraying, Iranian forces re-mined key Hormuz approaches, and prices have clawed back toward the $98 handle. For U.S. upstream, the week was

CIR Morning Brief — Thursday, April 9, 2026

CIR Morning Brief — Thursday, April 9, 2026

April 9, 2026 — Houston The ceasefire lasted less than 24 hours. Iran has reportedly re-closed the Strait of Hormuz, with IRGC forces mining the passage and Iranian state media publishing charts showing a "danger zone" along the normal tanker transit route. Iranian drones also struck a pumping

Permian Basin workover rig with pumpjacks operating in background, West Texas

CIR Morning Brief — Wednesday, April 8, 2026

April 8, 2026 — Houston WTI crude collapsed $18.34 overnight — its largest single-session percentage decline since the COVID demand shock of 2020. The trigger: a conditional two-week ceasefire agreement between the U.S. and Iran announced late Tuesday by President Trump, which sent oil markets into a full

Night frac completion operation in Appalachian basin under stars

CIR Morning Brief — Tuesday, April 7, 2026

April 7, 2026 — Houston The most consequential demand story for U.S. natural gas producers in 2026 isn't storage draws, LNG export capacity, or even the Hormuz blockade. It may be the server farms going up across the Sun Belt. Big Tech Goes All-In on Gas — and

CIR Morning Brief — Monday, April 6, 2026

CIR Morning Brief — Monday, April 6, 2026

A potential ceasefire deal sits on tables in both Washington and Tehran this morning — and how they respond could define the next 30 days in crude markets. According to Reuters, Pakistan has transmitted a ceasefire framework to both the United States and Iran that, if accepted, would reopen the Strait