Oil & Upstream

Crude oil, OPEC+, US shale and upstream energy market news and analysis for commodity traders.

What Brent's retreat from $111 is telling oil bulls they don't want to hear

China's Crude Intake Heads for Decade Low as Storage Buys Time and Russia Courts Beijing

EIA Forecasts Record 14 Million Bpd U.S. Output for 2027, a Level the Country Has Never Held

Oil Majors Paid Out $120bn Last Year. Gas Markets Barely Noticed.

China's Oil Reserves Face the Hormuz Test

Strait of Hormuz 1 Jun

Missile Bottlenecks and an Early September Deadline Are Shaping Crude's Risk Premium

NYMEX WTI Crude Clawed Back 4.6% in the Week to May 15 Before Iran Diplomacy Muddied the Outlook

Inventory builds and reserve releases are quietly undercutting oil's Hormuz premium

Strait of Hormuz 1 Jun

Oil's Iran risk premium is fully priced. One phone call already proved it.

Ninety Days In: The Gulf War's Billion-Barrel Toll on Energy Markets

Oil Markets Price In a $100 Ceiling as Demand Destruction Does the Heavy Lifting

Oil Settles Near $100 Ceiling as Bonds Lose Their Portfolio Hedge Function

Exxon and Chevron Missed the Oil Rally Their Hedges Paid For

ExxonMobil 31 May

Suriname's Block 52 Eyes Commercial Oil Milestone as South America Draws Major Capital

Suriname 31 May

What the Iran deal rally isn't pricing: Gulf supply doesn't come back overnight

Two Opposite Oil Emergencies Are Building at Once — a Crunch for the West and a Glut for Iran

Nigeria Wants a Bigger OPEC Quota, a Seat at the IEA, and 2.5 Million Barrels a Day It Can't Yet Reliably Pump

The Mystery of the Missing Spike: Oil Has Lost 14% of Global Output and Still Hasn't Topped 2022

The Warning Isn't $150 Oil — It's That the Move Won't Be Gradual

Data-Center Investment Just Overtook Oil Supply — and That's Why Fossil Fuels Aren't Going Away

Trans Mountain Keeps Adding Capacity Toward 1.2m Barrels a Day — Canada's Oil Sands Are Expanding Despite the Headwinds

Trans Mountain 30 May

Iran's Uranium Stockpile Is the Card That Will Decide the Oil Premium

The World's Largest Electric Ship Burns No Oil — and an Oil War Has Left It Idle in Hobart

Opinion — The Three Numbers That Argue Against Oil Staying Above $100 for Years

While the Market Watches OPEC, the Real Energy Constraint Is the Wires

OPEC+ Is Adding Barrels Into a Capped Curve, and That Tells You What It Expects

Data Centre Investment Hits $580 Billion and Overtakes Oil Supply Spending for the First Time

Oil-Driven Inflation Hits 3.3% and Traps the Fed Between Rate Cuts and Price Stability

Tokyo's Benchmark Switch and Three Other Signals the Crude Market Is Mispricing

The IEA's 400 Million Barrel Buffer and Two Other Things the Oil Market Is Underpricing

Oil at $100 Adds 0.3 Percentage Points to Global Inflation as War Premium Becomes Structural

Why the Oil-Inflation Link May Not Work the Way Markets Expect in H2

The Distillate Deficit Nobody Is Pricing In

Texas Dominates 2026-27 Gas Pipeline Buildout as Permian Output Set to Grow 10%

Russia's Refinery Throughput Drops to 4.69M Bpd as $13B Drone Damage Forces Export Ban

Gulf Oil Production Will Take 3-6 Months to Return Even After a Deal

German 11 GW Gas Buildout Joins $60B US Upstream M&A Wave

Brent Eyes $115 Breakout as Trump's Clock Ticking Warning Fuels 84-Point Heat Score

Crude Rallies 3% on Stalled Iran Talks After Plunging 14% on Peace Hopes Days Earlier

WTI Gains 4.6% on the Week While Oil Benchmarks Drop 4% — the Divergence Explained

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