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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On the Energy News Beat Stand Up, we are covering 9 big stories, and they all have a huge impact on the markets, consumers, and investors. Goldman Sachs validated what we had been writing about, and we also brought up the other downstream products that look to be approaching a critical supply chain breaking point. […]
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As the Iran war enters its third month, the world is staring down the barrel of the largest oil supply disruption in history. The Strait of Hormuz—the chokepoint for roughly one-fifth of global petroleum trade—has been effectively closed to most non-Iranian shipping since early March 2026. Bloomberg’s latest analysis warns that the resulting “billion-barrel oil […]
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As the Strait of Hormuz remains effectively closed following the escalation of the U.S.-Israel-Iran conflict in late February 2026, the world is witnessing what energy experts are calling the largest supply shock in history. Traffic through the strait has plummeted by over 95%, choking off roughly 20% of global oil and LNG flows, along with […]
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ENB Pub Note: This article ran on David Blackmon’s Substack, and we highly recommend subscribing. Even as U.S. gasoline prices rise again amid ongoing Strait of Hormuz tensions, American drivers are still paying less than half what Europeans and Asians endure at the pump. The reason is simple: America chose lower taxes and genuine energy […]
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In a stark illustration of mounting pressure on Iran’s oil sector amid the U.S. naval blockade of its ports, Tehran has reactivated a 30-year-old Very Large Crude Carrier (VLCC) that had been languishing in retirement off Kharg Island. The vessel, NASHA (IMO 9079107), built in 1996 and capable of holding approximately 2 million barrels of […]
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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 […]
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It is a wild day on the News Desk, and we saw Brent hit $105, and the market tanked. This is not going to be over very quickly, as there is a lot to unwind in the oil and gas markets and supply chains. We are seeing new proposed pipelines, and Energy Security is really […]
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As of April 23, 2026, the European Union finds itself in the throes of a deepening oil crisis, one that underscores the fragility of its post-Russia-sanctions energy strategy. Russia’s strategic redirection of Kazakh oil flows through the Druzhba pipeline—announced today by Deputy Prime Minister Alexander Novak—has pushed Germany and much of the EU into what […]
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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 […]
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