Houston, TX – April 29, 2026 – The latest U.S. rotary rig count data shows a modest rebound in drilling activity. According to Baker Hughes, the total U.S. rig count for the week ending April 24, 2026, stands at 544 rigs, up 1 rig week-over-week from 543 the prior week. Oil-directed rigs fell by 3 […]
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In a stark update released on April 26, 2026, Goldman Sachs has significantly raised its oil price forecasts, citing unprecedented supply disruptions in the Persian Gulf. The investment bank now expects Brent crude to average $90 per barrel and West Texas Intermediate (WTI) to hit $83 per barrel in Q4 2026—up sharply from its prior […]
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U.S. energy exports have surged to unprecedented levels in 2026, driven by global supply disruptions from the ongoing conflict in the Middle East and the effective closure of key Persian Gulf shipping routes. According to The Wall Street Journal, crude oil and petroleum product exports reached a record of nearly 12.9 million barrels per day […]
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California’s energy system is teetering on the edge of collapse. Decades of aggressive refinery closures, strict CARB fuel specifications, and heavy reliance on long-haul imports have left the state uniquely vulnerable. The ongoing disruption in the Strait of Hormuz—triggered by the U.S.-Israeli war on Iran—has now turned that vulnerability into an imminent crisis. Refined product […]
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The global oil market is facing its most severe supply shock in years. Ongoing disruptions in the Middle East—driven by conflict and the effective closure of the Strait of Hormuz—have slashed exports by more than 13 million barrels per day (mb/d), triggered massive production shut-ins, and sent inventories plunging. According to the International Energy Agency’s […]
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A record armada of crude oil tankers is steaming toward the U.S. Gulf Coast in April 2026. Maritime intelligence from Windward shows roughly 171 crude tankers en route—well above the typical monthly average of about 110. Market data firm Kpler reports that 28 Very Large Crude Carriers (VLCCs), each capable of hauling up to 2 […]
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The global energy markets are in flux as of mid-April 2026, shaped by severe disruptions from the ongoing Middle East conflict (centered on Iran and the Strait of Hormuz). This has curtailed roughly 7–10 mb/d of crude, NGLs, and refined product exports in March–April, triggering sharp price spikes and inventory draws. Brent crude averaged $103/bbl […]
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The 2026 Iran conflict, which escalated in late February with U.S.-Israeli strikes and Iranian retaliation—including the effective closure of the Strait of Hormuz and attacks on energy infrastructure—has triggered the largest supply disruption in global oil market history. Nearly 20% of the world’s oil and significant LNG volumes have been taken offline, sending Brent crude […]
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In a major boost to North American energy infrastructure, Bridger Pipeline LLC has proposed a $2 billion, 650-mile crude oil pipeline that will significantly expand U.S.-Canada oil flows. The 36-inch pipeline will run from the U.S.-Canada border in Phillips County, Montana, to Guernsey, Wyoming, with an initial capacity of approximately 550,000 barrels per day (bpd) […]
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The Strait of Hormuz, one of the world’s most critical energy chokepoints, saw dramatically reduced maritime traffic in March 2026 amid ongoing regional tensions following U.S.-Israeli strikes on Iran and subsequent Iranian restrictions on shipping. According to data shared by MarineTraffic and analytics firm Kpler, a total of just 220 vessels transited the strait during […]
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