In the aftermath of the 2026 Iran-Hormuz crisis, which severely disrupted tanker traffic through the Strait of Hormuz and triggered the largest oil supply shock in decades, oil markets are shifting from acute supply fears to a more structural driver of price support: the urgent need to rebuild depleted inventories and strategic reserves worldwide. A […]
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The fragile truce between the United States and Iran is unraveling. Renewed attacks on commercial shipping in the Strait of Hormuz, fresh U.S. strikes on Iranian targets, satellite evidence of Iran rebuilding damaged nuclear sites, and mixed signals from Washington and Tehran have once again put global energy markets on edge. The central question for […]
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QatarEnergy has paused its aggressive ramp-up plans at the Ras Laffan LNG complex following a recent tanker attack in the Strait of Hormuz, prioritizing security over speed. This decision delays the critical LNG supply that the market had been counting on for the upcoming winter season. According to market analyst Jack Prandelli (@jackprandelli), QatarEnergy had […]
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The 2026 Strait of Hormuz crisis has exposed a critical vulnerability in global energy markets: Iran’s ability to weaponize the narrow waterway through which up to 20–21 million barrels per day (bpd) of oil — roughly one-third of seaborne global trade — and about one-fifth of the world’s LNG normally flow. Following the U.S./Israeli military […]
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CALGARY — In a major step toward diversifying Canadian crude exports, Prime Minister Mark Carney and Alberta Premier Danielle Smith announced on July 2, 2026, plans for a new West Coast oil pipeline capable of transporting 1 million barrels per day (bpd) from Alberta’s oil sands to a deep-water terminal on British Columbia’s southwest coast. […]
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The Williams Companies, Inc. (NYSE: WMB), one of America’s largest natural gas infrastructure companies, is in late-stage talks to acquire privately held Momentum Midstream from EnCap Flatrock Midstream in a deal valued at approximately $5.5 billion. If completed, it would rank among the largest acquisitions in Williams’ history and significantly strengthen its position in the […]
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As tensions flare once again around the Strait of Hormuz—with recent incidents including a vessel struck off Oman’s coast and Iranian Revolutionary Guard warnings—Gulf oil producers are racing to secure alternative export routes. While the strait has historically carried nearly 20% of global seaborne oil trade, Iraq is moving decisively to reduce its vulnerability through […]
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Iraq is rapidly expanding alternative oil export routes to reduce its heavy dependence on the Strait of Hormuz, aligning with long-standing strategies by Saudi Arabia and the United Arab Emirates. Even as some reports suggest potential easing of disruptions in the waterway, Baghdad is treating diversification as a permanent strategic priority rather than a temporary […]
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In a dramatic escalation announced today, Iran’s top joint military command — the Khatam al-Anbiya Central Headquarters — declared the Strait of Hormuz closed to all vessel traffic. The move was framed as the “first step” in response to alleged breaches of a recent ceasefire/MOU agreement by the United States and Israel, specifically tied to […]
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Cushing, Oklahoma — often called the “Pipeline Crossroads of the World” — is facing critically low crude oil storage levels, with inventories hovering near operational “tank bottoms.” As of the week ending June 5, 2026, Cushing held approximately 21.64 million barrels of crude oil (excluding the Strategic Petroleum Reserve), according to U.S. Energy Information Administration […]
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