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WTI Breaks $72 as China's Teapot Refineries Signal Demand Collapse: Wednesday's Capital Markets Setup

WTI Breaks $72 as China's Teapot Refineries Signal Demand Collapse: Wednesday's Capital Markets Setup

WTI crude fell through $72 this morning for the first time in the current downcycle, settling at $71.99/bbl as China's refinery demand erosion collided with a market already pricing in Hormuz normalization. Henry Hub held firm at $3.215/MMBtu — up 0.97% — extending the oil-

The $73 Paradox: KRP Closes $145M Permian Deal and Dorian Books Tankers at $100K/Day

The $73 Paradox: KRP Closes $145M Permian Deal and Dorian Books Tankers at $100K/Day

WTI fell 2.1% today to $73.25. Kimbell Royalty Partners closed a $145.9M Permian deal. Dorian LPG booked tankers at $100K/day. The market is saying two things at once.

ExxonMobil at $73 WTI: The Cost Machine That Makes the Price Test Look Manageable (XOM)

ExxonMobil at $73 WTI: The Cost Machine That Makes the Price Test Look Manageable (XOM)

XOM | NYSE | Source data: ExxonMobil Q1 2026 earnings release (8-K, May 1, 2026) and 10-Q (May 4, 2026), via SEC EDGAR WTI is trading at $73.83 this afternoon. That's roughly $11 below where it was when ExxonMobil reported Q1 2026 results in May, and it&

The $75 Week: WTI Tests Support as Gas Diverges and BKR/Chart Closes In on EU Approval

The $75 Week: WTI Tests Support as Gas Diverges and BKR/Chart Closes In on EU Approval

WTI holds $75.34 entering Monday's session as the Hormuz premium finishes unwinding. Baker Hughes/Chart EU deal approaching close. Natural gas diverges. Wednesday's EIA data sets the week's tone.

Active Permian Basin oilfield services operation — frac spread with crane and sand storage silos

Production Services at $75 WTI: Compression Holds, Margins Thin, Operators Wait

Compression is at full utilization. Artificial lift is sticky. And RPC's CEO says operators are maintaining rather than cutting. The production services sector is telling a different story than the rig count suggests.

The $75 Floor and the Gas Divergence: Friday's Week-in-Review Setup

The $75 Floor and the Gas Divergence: Friday's Week-in-Review Setup

WTI settled at $75.79 on Thursday — a number that would have looked like crisis pricing two months ago, now looks like a floor. The Hormuz supply flood Gareth has been tracking since June 15 continues to reprice crude, but natural gas is telling a different story. Henry Hub held

Aerial view of gas processing facility with four storage tanks and solar panels

The Floor Debate: Why $75 WTI Recovered From This Morning's $74 and What Friday's Rig Count Tells Us

WTI hit $74.19 this morning and closed at $75.35. The $1.16 recovery is a market actively debating where the floor is — and the IEA surplus math vs. depleted SPR inventory is the crux of it.