Saudi Arabia Archives - Page 10 of 26

Demand Destruction in Oil Reports Are Showing Up: What It Means for Consumers, Investors, and the Industry

April 28, 2026April 28, 2026 Clark Savage1887

In the latest OilPrice.com analysis by Irina Slav (published April 27, 2026), warnings about permanent oil demand destruction are pouring in amid the ongoing Middle East conflict. These warnings align directly with a widely discussed X post from commodities trader @CRUDEOIL231 (April 28, 2026), which highlights exponential cumulative shut-ins in the Middle East. The post […]

Goldman Sachs: ‘Higher for Longer’ Is the New Reality

April 26, 2026April 26, 2026 Clark Savage1030

ENB pub Note: This article ran on David Blackmon’s Substack and validates several articles we have published here on Energy News Beat. We recommend subscribing to David’s Substack. David and Stu Turley will be on a Podcast this week with Tim Stewart, President of the US Oil & Gas Association. Six weeks after I wrote […]

Goldman Sachs Sees Rapid Oil Output Recovery, Post Iran War

April 24, 2026 Clark Savage1195

Goldman Sachs issued a research note Thursday projecting that Gulf oil production—currently down by an estimated 14.5 million barrels per day (mbpd), or 57% of pre-war Middle East levels—could largely rebound within a few months once the Strait of Hormuz reopens and hostilities fully cease. The investment bank attributes most of the lost output not […]

Is $90 to $95 Oil Is the New Baseline for 2026

April 23, 2026 Clark Savage2345

The global oil market has been upended by the U.S.-Israeli conflict with Iran that began in late February 2026. The effective closure or severe restriction of the Strait of Hormuz — the chokepoint carrying roughly 20 million barrels per day (bpd), or about one-fifth of global seaborne oil and LNG — triggered the largest supply […]

US Intercepts Iran Oil Tankers as Hormuz Still Closed

April 23, 2026 Clark Savage1086

April 23, 2026 – Tensions in the Persian Gulf remain high as the U.S. naval blockade of Iranian ports enters its second week, with U.S. Central Command (CENTCOM) reporting that American forces have now directed 31 vessels to turn around or return to Iranian ports. At the same time, the Strait of Hormuz — the […]

Oil Disruption of the Strait of Hormuz May Be More Permanent Than a Few Weeks

April 21, 2026 Clark Savage4974

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 […]

What is the Current Price of Oil? Well It Depends Who’s Asking

April 20, 2026 Clark Savage1841

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 […]

Houthis Threaten to Block Red Sea Oil Exports as the Iran War Escalates

April 20, 2026 Clark Savage2756

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 […]

Is Oil Set to Open Tomorrow at $149 or Higher?

April 5, 2026April 5, 2026 Clark Savage636

Geopolitical shocks are piling up on global oil supply, and traders are bracing for another wild session when Asian markets open in the coming hours. With the Iran war now five weeks old and fresh Ukrainian drone strikes hammering Russian refining and export terminals over the past four months, the question on every energy desk […]

220 Vessels Transited the Strait of Hormuz in March: A Deep Dive into Vessel Types, Cargo Destinations, Pipeline Bypass Volumes, and Global Fuel Export Bans

April 3, 2026April 3, 2026 Stu Turley3739

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 […]

Tag: Saudi Arabia

Demand Destruction in Oil Reports Are Showing Up: What It Means for Consumers, Investors, and the Industry

Goldman Sachs: ‘Higher for Longer’ Is the New Reality

Goldman Sachs Sees Rapid Oil Output Recovery, Post Iran War

Is $90 to $95 Oil Is the New Baseline for 2026

US Intercepts Iran Oil Tankers as Hormuz Still Closed

Oil Disruption of the Strait of Hormuz May Be More Permanent Than a Few Weeks

What is the Current Price of Oil? Well It Depends Who’s Asking

Houthis Threaten to Block Red Sea Oil Exports as the Iran War Escalates

Is Oil Set to Open Tomorrow at $149 or Higher?

220 Vessels Transited the Strait of Hormuz in March: A Deep Dive into Vessel Types, Cargo Destinations, Pipeline Bypass Volumes, and Global Fuel Export Bans

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