Houston, TX – April 21, 2026 – The latest U.S. rotary rig count data shows a modest pullback in drilling activity. According to Baker Hughes, the total U.S. rig count for the week ending April 17, 2026, stands at 543 rigs, down 2 rigs week-over-week from 545 the prior week. Oil-directed rigs slipped by 1 […]
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The ongoing closure of the Strait of Hormuz—now in its seventh week—has triggered the largest oil supply shock in modern history. Roughly 20 million barrels per day (mb/d) of crude and products once flowed through this narrow chokepoint. Today, tanker traffic has collapsed, exports have plunged to a trickle, and Gulf producers have been forced […]
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The recent escalation in the Iran conflict — with strikes on energy infrastructure, threats to shipping, and disruptions around the Strait of Hormuz — has done far more than spike oil prices. It has laid bare the world’s true energy demand and the fragility of global supply chains. As Brent crude surged toward and beyond […]
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The United Arab Emirates (UAE) has quietly opened discussions with the United States for emergency access to U.S. dollars, seeking a financial backstop as the recent Iran conflict strains its economy and disrupts key oil export routes. According to multiple U.S. officials cited in reporting, UAE Central Bank Governor Khaled Mohamed Balama raised the possibility […]
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In the energy markets, there’s no single “oil price” anymore — and today’s fractured reality proves it. As highlighted in a sharp analysis posted this morning by commodity trader Jack Prandelli, the spreads tell the real story: Forties (physical) → $134 Dated Brent (physical) → $116 Brent futures → $99 WTI → $87 Canadian crude […]
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As the Iran conflict escalates with U.S. and Israeli strikes targeting Iranian energy infrastructure, the Iran-backed Houthis in Yemen have issued a stark warning: they are prepared to close the Bab el-Mandeb Strait, effectively blocking oil exports through the Red Sea. Houthi Deputy Foreign Minister Hussein al-Ezzi stated, “If Sana’a decides to close the Bab […]
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The Energy Realities Gang of Irina Slav, Dr. Tammy Nemeth, David Blackmon, and me had way too much fun this morning. What a wild day with Irina Slav, Dr. Tammy Nemeth, David Blackmon and Stu Turley on the Energy realities podcast. We had GREAT questions from the live viewers on YouTube and LinkedIn! Thank you […]
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ENB Pub Note: This article is from Andrew Korybko’s Newsletter on Substack. We recommend subscribing and reading for a different point of view as he has shown to be right many times! Both benefit from this since the US wants to avoid India sliding into turmoil amidst the global energy crisis and possibly offsetting its […]
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As U.S. stock futures surge ahead of Monday’s open, signaling yet another leg higher for the major indices, energy markets tell a very different story. The reopening of the Strait of Hormuz—following Iran’s recent declaration that the vital waterway is “completely open” during the ceasefire—has triggered a sharp plunge in oil prices. This is great […]
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ENB Pub Note: This story was originally published by the California Globe by Katy Grimes. We highly recommend reading their publication daily. Trump invoked the Defense Production Act to make sure US military bases have fuel for their jets and their boats By Katy Grimes, April 18, 2026 9:45 am Another oil and gaslighting press […]
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