(Oil & Gas 360) – This week highlighted a growing disconnect in energy markets. Oil prices fell sharply on hopes for diplomacy, yet the underlying fundamentals continue tightening. Inventories are falling, OPEC production remains constrained, shipping transparency is deteriorating, and energy demand tied to AI and data centers continues to accelerate. Markets may be pricing peace, but they are still
(By Oil & Gas 360) – The financial markets are delivering a remarkable contradiction. At the same moment that the Strait of Hormuz remains one of the most consequential risks to the global economy, investors are preparing to embrace what is expected to be the largest IPO in history, valuing SpaceX at roughly $1.75 trillion despite the company remaining unprofitable
(BOE Report) – The extreme volatility of global oil prices has drained liquidity from the market this year at the fastest pace on record, as investors have become increasingly wary of committing cash to an asset that has become hostage to U.S. President Donald Trump’s daily social media posts on the Iran war. Liquidity, or how well matched the number
This week’s Baker Hughes Rig Count shows that the U.S. decreased by 1 last week, resulting in a total count of 562 rigs. Canada increased by 11 over last week, resulting in a total Canadian count of 180 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Granite Wash experienced an increase this week. Meanwhile, 1 region
(Oil Price) – The on-and-off U.S. sanctions on Russian oil and the flipping U.S. position regarding India’s oil purchases from Russia highlight the double standards of the Western nations, Indian Foreign Minister S Jaishankar said on Friday. India turned en masse to Russian oil in 2022, when the U.S. and the EU imposed sanctions on Moscow due to the invasion of Ukraine. Four
(Investing) – LONDON – Oil prices fell nearly 3% on Friday to their lowest in nearly two months after U.S. President Donald Trump cancelled new strikes on Iran, reducing fears of an escalation of hostilities following tit-for-tat attacks earlier in the week. Brent futures were down $2.27, or 2.5%, at $88.11 a barrel by 1322 GMT, while U.S. West Texas Intermediate (WTI)
