Crude Oil Archives - Page 11 of 50

Diamondback Energy’s new Midland Basin wells’ results are rising, not sputtering out. SM Energy’s Midland results are overcoming the E&P’s “science-heavy” spell.

August 10, 2026August 10, 2026 Clark Savage514

In the heart of the Midland Basin, two pure-play Permian operators are delivering a clear message in mid-2026: well productivity is holding up—and in key cases improving—amid ongoing efficiency gains across the broader Permian. Recent Hart Energy/Oil and Gas Investor analysis highlights Diamondback Energy’s (FANG) new Midland Basin wells showing a strong rebound in early […]

Iran Rejects US Talks, and Trump is Showing Restraint

August 9, 2026 Clark Savage393

Iran has ruled out direct negotiations with the United States for now, citing repeated violations of a short-lived interim peace memorandum of understanding signed in June, while President Donald Trump has signaled a patient, restrained approach focused on economic pressure rather than immediate new military action. The standoff continues to leave the Strait of Hormuz—the […]

Saudi Arabia Attacked Again, and is Gearing Up for Retaliation. What Does This Mean for Oil

August 9, 2026 Clark Savage839

Yemen’s Iran-aligned Houthis claimed a drone strike on Saudi Aramco’s Jazan (also spelled Jizan) refinery on Sunday, August 9, 2026, just two days after the kingdom signed a major trilateral defense pact. Saudi Arabia’s Energy Ministry reported a fire at a facility within the complex that was extinguished with no injuries. This marks the latest […]

Treasury Sanctions Crypto Exchanges Funding Iran’s IRGC and Enabling Illicit Finance – Secretary Scott Bessent Locking Funding Down

August 8, 2026August 8, 2026 Clark Savage677

On August 7, 2026, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sweeping sanctions targeting digital asset exchanges and networks used by the Iranian regime to launder funds, evade sanctions, and support the Islamic Revolutionary Guard Corps (IRGC) and other terrorist groups. The action hits two major platforms exploited by […]

Citi Lifts Brent Outlook but Still Sees Oil Falling in 2027

August 8, 2026 Clark Savage1008

Citigroup has raised its third-quarter 2026 Brent crude forecast to $80 per barrel from $75, citing the prolonged U.S.-Iran conflict and continued constraints on oil flows through the Strait of Hormuz. The bank left its fourth-quarter 2026 forecast unchanged at $70 per barrel and continues to project an average of $65 per barrel for full-year […]

US Senate Passes Russia Sanctions Bill Championed by Graham: Is This Even Worth the Paper It Is Written On?

August 7, 2026August 8, 2026 Clark Savage300

On August 7, 2026, the U.S. Senate overwhelmingly passed the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 by a vote of 86-11. The bipartisan measure, renamed in honor of the late South Carolina Senator Lindsey Graham—who championed it until his death last month—now heads to the House. The legislation authorizes the president […]

Oil Markets In Flux, and UAE Buys $1.3 Billion Worth of New Tankers

August 7, 2026August 7, 2026 Clark Savage838

Oil markets remain highly volatile in August 2026, shaped by the ongoing geopolitical tensions in the Middle East, disruptions around the Strait of Hormuz, and structural shifts among major producers. One of the clearest signals of adaptation by a key player is Abu Dhabi’s aggressive move to control more of its own logistics chain. ADNOC […]

Shipping through Hormuz Drops, Tensions Mount: Where Do Oil Prices Go?

August 7, 2026 Clark Savage602

Vessel traffic through the Strait of Hormuz has fallen sharply this week even as markets closely watch Iran-Oman talks on a potential management framework for the waterway. At the same time, Houthi threats continue to constrain Red Sea routes, recent attacks have kept insurance and freight costs elevated, and Saudi Arabia is deepening discounts on […]

Grid Collapse or Energy Reality: Eight Stories That Will Define 2027

August 5, 2026August 5, 2026 Clark Savage299

Energy News Beat Stand Up In a rapidly shifting global energy landscape, the stakes have never been higher. From Texas governors taking unprecedented action on data centers to Houthi attacks disrupting critical shipping lanes, from Europe’s plummeting LNG reserves to the fundamental clash between net zero policies and energy reality, this episode of the Energy […]

US Oil and Refined Products Inventories Down

August 5, 2026 Clark Savage1364

U.S. commercial crude oil inventories rose last week, but Strategic Petroleum Reserve (SPR) draws and sharp declines in key refined products left overall oil and product stocks tighter, according to the Energy Information Administration’s (EIA) Weekly Petroleum Status Report released today for the week ending July 31, 2026. Key Inventory Highlights (Week Ending July 31, […]

Category: Crude Oil