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OPEC+ Adds 188K Bpd in July — WTI Closes at $88 and the Unwind Math Gets Harder

OPEC+ Adds 188K Bpd in July — WTI Closes at $88 and the Unwind Math Gets Harder

WTI spent most of Tuesday absorbing a supply shock it saw coming — and closing at $88.34/bbl anyway. The OPEC+ decision announced Saturday to add 188,000 barrels per day in July wasn't a surprise in mechanism; it followed the same phased-unwind playbook the group has

WTI Gap Fades to $91: EIA Wednesday and Baker Hughes Friday Set the Week's Range

WTI Gap Fades to $91: EIA Wednesday and Baker Hughes Friday Set the Week's Range

Frac Sector H2 Repricing: The $91 WTI Test for PUMP, PTEN, and LBRT

Frac Sector H2 Repricing: The $91 WTI Test for PUMP, PTEN, and LBRT

WTI Gaps to 4 on Weekend Strike Escalation: Monday Frac Sector Setup

WTI Gaps to 4 on Weekend Strike Escalation: Monday Frac Sector Setup

WTI opened Monday at $94.64/bbl, a $4.10 gap-up from Friday’s $90.54 close, as weekend reports of new U.S. air strikes on Iranian nuclear enrichment infrastructure reignited the geopolitical premium that had spent most of last week deflating. Brent moved in tandem, opening near

WTI's $90 Friday: Rig Count Holds, Both Commodities Fall, and the Pattern That Has to Break

WTI's $90 Friday: Rig Count Holds, Both Commodities Fall, and the Pattern That Has to Break

WTI closed at $90.32 Friday, down nearly 3%, with Brent and natural gas both selling off. Baker Hughes rig count held flat at 551. Two $90 tests in two weeks — what breaks the pattern.

The $92 Floor Test: SLB, RPC, and Archrock Signal Where Production Services Go From Here

The $92 Floor Test: SLB, RPC, and Archrock Signal Where Production Services Go From Here

Week in Review: WTI’s $92 Friday and What the Rig Count Tells Us Next

Week in Review: WTI’s $92 Friday and What the Rig Count Tells Us Next

WTI settles at $92.71 as the week's Iran-and-Kurdistan volatility fades. Baker Hughes rig count due 1pm CT. Gas diverges as LNG demand floors the market.