The AI gold rush is in full swing. Hyperscalers like Microsoft, Amazon, Google, and Meta are pouring hundreds of billions into data centers, chips, and infrastructure to power the next wave of artificial intelligence. NVIDIA just posted record revenues driven almost entirely by AI demand. Yet one question looms large for investors and energy markets […]
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In a candid interview at the Milken Institute Global Conference, Chevron Chairman and CEO Mike Wirth delivered a sobering assessment of the global oil market: the industry’s traditional “shock absorbers” — commercial inventories in tanks, oil on tankers (including shadow fleet vessels), and strategic petroleum reserves — have been significantly drawn down in recent months […]
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According to the Bloomberg article (May 4, 2026) and Diamondback’s Q1 2026 earnings release/letter to shareholders: The company is currently pumping >520,000 barrels per day of oil (3% above its original full-year 2026 guidance midpoint of ~505,000 bpd). It is raising full-year 2026 guidance to 520,000+ bpd oil and 972,000+ boe/d total (up from the […]
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Venezuela’s oil exports surged to an average of 1.23 million barrels per day (bpd) in April 2026, marking the highest monthly volume in more than seven years and the strongest performance since late 2018, before U.S. sanctions crippled the sector. The 14% jump from March’s 1.08 million bpd reflects a rapid rebound driven by a […]
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Europe’s ongoing quest for energy security—diversifying away from Russian supplies amid geopolitical tensions—has spotlighted the Eastern Mediterranean as a promising alternative source of natural gas. At the heart of this potential lifeline lies Israel’s Leviathan gas field, one of the region’s largest offshore discoveries. While current exports primarily flow to neighboring Egypt and Jordan (with […]
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In a stark warning to markets, CEOs from America’s largest oil companies say the global crude market is rapidly approaching a critical “cliff’s edge.” With the Strait of Hormuz effectively closed for months amid the ongoing U.S.-Israel conflict with Iran, commercial stockpiles, strategic reserves, and pre-war floating crude are being burned through at an alarming […]
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In the high-stakes world of global oil, timing and persistence can make all the difference. While ExxonMobil and ConocoPhillips spent nearly two decades on the sidelines after Venezuela’s 2007 nationalizations, Chevron quietly maintained its foothold through joint ventures and U.S. licenses. Now, with major political shifts in Caracas and a clear push from the Trump […]
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Chevron Corporation (NYSE: CVX) delivered a solid first-quarter performance, beating analyst expectations on adjusted earnings per share despite a year-over-year decline in reported profits, ongoing Middle East disruptions tied to the Iran conflict, and significant one-time timing effects from financial hedges. The results highlight the resilience of Chevron’s diversified portfolio, record U.S. production growth, and […]
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The Iran war that erupted on February 28 has sent oil prices surging past $100 per barrel amid disruptions in the Strait of Hormuz and Persian Gulf supply chains. While the broader energy sector has benefited from the geopolitical shock, not all Big Oil majors have performed equally. BP has emerged as the standout performer […]
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Houston-based Chevron Corporation remains the leading Western oil major active in Venezuela, but CEO Mike Wirth is calling for deeper reforms from Caracas if the country’s vast oil sector is to achieve meaningful revival. In comments reported by Bloomberg on April 26, 2026, Wirth acknowledged recent positive policy moves under Venezuela’s Hydrocarbons Law but stressed […]
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