UBS raises average Brent price forecasts for first quarter, full year 2026
(Investing) – UBS on Wednesday raised its average Brent crude oil price forecasts for the first quarter and full year 2026, citing escalating conflict in the Middle East and the current near de facto closure of the
UBS raises average Brent price forecasts for first quarter, full year 2026
(Investing) – UBS on Wednesday raised its average Brent crude oil price forecasts for the first quarter and full year 2026, citing escalating conflict in the Middle East and the current near de facto closure of the Strait of Hormuz. The bank now
US Treasury Secretary Bessent says oil market well supplied amid Iran war
(Investing) – WASHINGTON – U.S. Treasury Secretary Scott Bessent said on Wednesday that
Barclays warns grid constraints could strand renewables assets
(Oil Price) – Investors may be underestimating the risk that renewables could become
Producers face storage crunch as Hormuz shutdown traps Middle East crude
(World Oil) – Oil producers across the Middle East face a tense
US Treasury Secretary Bessent says oil market well supplied amid Iran war
(Investing) – WASHINGTON – U.S. Treasury Secretary Scott Bessent said on Wednesday that crude oil markets are well supplied amid the U.S.-Israeli war in Iran, and that the U.S. plans to make a series of additional announcements on the issue. “The crude
Barclays warns grid constraints could strand renewables assets
(Oil Price) – Investors may be underestimating the risk that renewables could become stranded assets, as grid constraints and congestion and supply chain hurdles limit the value that these assets could deliver, Barclays said in a recent white paper on “energy transition realism”.
Producers face storage crunch as Hormuz shutdown traps Middle East crude
(World Oil) – Oil producers across the Middle East face a tense countdown as the Iran war blocks the region’s main export artery, filling the countries’ storage tanks and threatening output cuts if the situation persists. With shipping through the
Company to watch
Weekly Inventories
U.S. crude oil inventories increase by 3.5 million barrels
Weekly Crude Oil Storage as of February 27, 2026 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum
Weekly Gas Storage: Inventories decrease by 52 Bcf
Natural Gas Inventories as of February 20, 2026 The EIA has released its natural gas inventory report, showing a net
U.S. rig count decreased by 1, is at 550
This week’s Baker Hughes Rig Count shows that the U.S. decreased by 1 last week, resulting in a total count
