Brent crude settled at $109.86 per barrel on Friday, October 16, after touching $110 intraday—the highest since May—while WTI closed at $101.41. The move capped a week of gains driven by persistent supply risks from the ongoing U.S.-Iran conflict (now approaching eight months), Russian-Ukrainian strikes on energy infrastructure, Houthi activity, and a sharp acceleration in […]
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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 […]
Continue ReadingDaily Standup Top Stories OPEC+ Pumps Up Output, but Can They Make the New Quotas? July 5, 2025 Clark Savage In a bold move that caught markets off guard, OPEC+ announced a hefty production increase of 548,000 barrels per day (bpd) for August 2025 during a virtual meeting on July 5, surpassing expectations of a […] The […]
Continue ReadingIn a bold move that caught markets off guard, OPEC+ announced a hefty production increase of 548,000 barrels per day (bpd) for August 2025 during a virtual meeting on July 5, surpassing expectations of a 411,000 bpd hike. This decision, led by the “Voluntary Eight” — Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and […]
Continue ReadingDaily Standup Top Stories Big Tech’s Latest Obsession Is Finding Enough Energy March 24, 2024 Stu Turley HOUSTON—Every March, thousands of executives take over a downtown hotel here to reach oil and gas deals and haggle over plans to tackle climate change. This year, the dominant theme of the energy industry’s flagship […] Riposte Capital Issues Statement […]
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