(By Oil & Gas 360) – The ceasefire didn’t calm energy markets; it complicated them. Prices remain elevated, supply remains uncertain, and the ripple effects of recent disruptions are still moving through the system. This week made one thing clear: even when conflict pauses, its impact doesn’t. THIS WEEK’S 5 HEADLINES THAT MATTERED 1. Ceasefire fails to stabilize oil markets Oil
(World Oil) – Ovintiv Inc. has completed the previously announced sale of its Anadarko Basin assets in Oklahoma for $3.0 billion, marking a key step in the company’s portfolio repositioning. After customary closing adjustments, net proceeds from the transaction are expected to total approximately $2.85 billion. The company said the divestment supports its strategy to streamline operations and strengthen its balance sheet. Ovintiv
(Oil Price) – Oil prices could spike and hit again their peak Iran-war levels at nearly $120 per barrel if a full recovery of vessel traffic through the Strait of Hormuz takes until July, according to JP Morgan. Despite the ceasefire announced earlier this week, traffic through the critical oil chokepoint remains severely restricted and under supervision and approval by Iran’s Islamic
(Oil & Gas 360) – – Energy Advisors’ latest review covering Seven Top U.S. Resource Plays points to a broader shift underway in shale. Gas-weighted basins are starting to re-accelerate driven by LNG and power demand, while oil plays are increasingly driven by capital discipline and inventory depth. These plays—Appalachia, Haynesville, Permian (Delaware and Midland), Bakken, Eagle Ford, and SCOOP/STACK—now make up
(By Oil & Gas 360) – The latest disruption in global energy markets feels new in scale, but not in pattern. As oil flows tighten, shipping through the Strait of Hormuz remains constrained, and geopolitical tensions ripple across supply chains, the market is rediscovering lessons it arguably should have retained from 2022, and three lessons for the latest energy shock. This
(Investing) – Wall Street analysts are mixed on U.S. natural gas outlook as near-term price weakness is expected to be offset by strong long-term demand growth driven by liquefied natural gas (LNG) exports and rising power needs globally. Natural gas prices have declined sharply in recent months, with benchmark Henry Hub prices down about 28% year-to-date, as a mild end to
(World Oil) – TotalEnergies reported damage at the SATORP refinery in Saudi Arabia following overnight incidents linked to the ongoing Middle East conflict, resulting in the shutdown of one of the site’s two processing trains. The SATORP facility, a joint venture majority-owned by Saudi Aramco (62.5%) with TotalEnergies holding 37.5%, was impacted during the night of April 7–8. No casualties were
This week’s Baker Hughes Rig Count shows that the U.S. decreased by 3 last week, resulting in a total count of 545 rigs. Canada had a decrease of 7 over last week, resulting in a total Canadian count of 135 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Ardmore Woodford and Granite Wash regions experienced an
(BOE Report) – U.S. President Donald Trump warned Tehran not to charge tolls on ships crossing the Strait of Hormuz, as a mounting global energy crisis prompted Japan on Friday to announce a further emergency oil release. The Iran war has damaged Gulf energy production, stranded tanker traffic, and boosted oil prices by about 50% in the world’s worst energy
(Investing) – Oil prices were poised for their biggest weekly declines since last June but remain elevated near $100 a barrel on concerns over supplies from Saudi Arabia and limited flows through the Strait of Hormuz. Brent crude futures were down 36 cents, or 0.4%, at $95.56 a barrel by 1317 GMT. West Texas Intermediate futures rose 15 cents, or around 0.2%,
