Crude Oil Archives - Page 8 of 43

Ukraine Strikes Russian Refinery Deep Inside Russia Again, Demonstrating the Change in Modern Warfare

July 25, 2026July 25, 2026 Clark Savage958

In a striking demonstration of how modern warfare has evolved, Ukrainian forces once again reached deep into Russian territory on July 25, 2026, hitting the Antipinsky (Tyumen) oil refinery more than 2,000 kilometers from the Ukrainian border. The attack sparked a significant fire at the facility in western Siberia, underscoring Ukraine’s expanded long-range drone capabilities […]

Saudi Arabia Is Running Into Oil Roadblocks—and How Will They Handle?

July 24, 2026 Clark Savage723

Saudi Arabia’s carefully constructed workaround for oil exports is hitting severe constraints on two fronts at once: kinetic threats from Yemen’s Houthis and commercial barriers from the London marine insurance market centered on Lloyd’s. The result is a growing bottleneck at the Red Sea that threatens a key remaining outlet for Saudi crude and products, […]

Mixed Rig Totals Signal Slowing on Active Rigs

July 24, 2026 Clark Savage494

U.S. drilling activity showed mixed signals this week as different rig count providers reported divergent weekly moves against a backdrop of solid year-over-year gains. The latest WellDatabase US Rig Report (dated July 24, 2026) puts the active U.S. rig count at 575, up 1 from the prior week and up 47 from a year earlier. […]

China and India Looking to Russia for Oil: Can They Deliver?

July 24, 2026 Clark Savage486

As Middle East supply risks escalate—with threats to the Bab el-Mandeb Strait adding to existing pressures on key chokepoints—China and India are turning aggressively toward Russian crude. Analysts had long flagged that a rebound in Chinese buying or a closure/disruption of Bab el-Mandeb could drive oil prices higher. Both factors are now in play, yet […]

Matador’s $1.48B Delaware Deals Test the Price of Inventory

July 24, 2026July 24, 2026 Clark Savage508

Matador Resources Company (NYSE: MTDR) announced on July 23, 2026, a pair of strategic bolt-on acquisitions in the Delaware Basin totaling approximately $1.475–$1.48 billion. The larger deal involves the purchase of Paloma Permian LLC, an EnCap Investments portfolio company, for $1.275 billion in cash. A smaller complementary transaction with Ridge Runner Resources II LLC (also […]

Huge Geopolitical Impacts to Oil, Energy and Markets

July 24, 2026July 24, 2026 Clark Savage549

This article first ran on The Energy News Beat Substack – Head over there to comment. The global oil market is once again being reshaped by simultaneous disruptions across multiple critical maritime and pipeline choke points. As of late July 2026, the Bab el-Mandeb Strait, Strait of Hormuz, Suez Canal routes, and Caspian-linked export corridors […]

Brent over $100 and a Crisis Brewing at Refineries

July 24, 2026 Clark Savage205

Rey Trevino, Crude Truth Podcast Host, and President at Pecos Operating, stops by. This was recorded yesterday, and oil has dropped back down several dollars. The volatility will still be around until demand destruction kicks in. We have a wild stand-up with 8 huge stories. It is fun having guests on the stand-up, and Rey […]

3 VLCCs Traverse the Strait of Hormuz

July 24, 2026 Clark Savage562

Three Very Large Crude Carriers (VLCCs) carrying a combined roughly 6 million barrels of crude oil slipped out of the Persian Gulf through the Strait of Hormuz in the past 24 hours, according to ship-tracking data compiled by Bloomberg. The vessels began transmitting automated position (AIS) signals as they entered the Gulf of Oman on […]

WTI at $90 and 4 critical choke points in play

July 23, 2026 Clark Savage477

West Texas Intermediate crude hovered near $90 per barrel on July 23, 2026, with Brent trading higher in the mid-to-high $90s amid escalating disruptions across multiple global oil transit routes. Markets are reacting to simultaneous pressures on four critical choke points: the Bab el-Mandeb Strait, the Strait of Hormuz, the Suez Canal corridor, and the […]

Mark P. Mills Covers the Myth of an Energy Transition

July 22, 2026 Clark Savage375

In a timely July 20, 2026, article for City Journal, energy analyst Mark P. Mills dismantles the persistent narrative of an “energy transition” — the idea that wind, solar, and batteries will soon replace oil, natural gas, and coal. Mills, executive director of the National Center for Energy Analytics and author of The Cloud Revolution, […]

Category: Crude Oil

Ukraine Strikes Russian Refinery Deep Inside Russia Again, Demonstrating the Change in Modern Warfare

Saudi Arabia Is Running Into Oil Roadblocks—and How Will They Handle?

Mixed Rig Totals Signal Slowing on Active Rigs

China and India Looking to Russia for Oil: Can They Deliver?

Matador’s $1.48B Delaware Deals Test the Price of Inventory

Huge Geopolitical Impacts to Oil, Energy and Markets

Brent over $100 and a Crisis Brewing at Refineries

3 VLCCs Traverse the Strait of Hormuz

WTI at $90 and 4 critical choke points in play

Mark P. Mills Covers the Myth of an Energy Transition

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