Iran says two loaded tankers hit mines. Ukraine ended a brief energy truce, the SPR put 17 million more barrels on offer, European wholesale gas sits $25 above the U.S. benchmark, and the Secretary of State is touring the world’s largest single-site refinery. Here is how this week’s five biggest stories land in your tank […]
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WTI is hovering near $89 after a sharp September unwind from above $100. Brent is still the more stubborn benchmark, recently trading in the mid-to-high $90s after spending stretches of the month above $100. The market is no longer pricing a clean “Hormuz victory.” It is pricing a split world: more crude is moving again, […]
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Diesel prices in the United States have smashed through records, topping $6.31 a gallon nationally as of September 16, 2026. Truckers, farmers, and households feel it immediately. Heating oil, chemically similar to diesel, is following the same path. With midterms weeks away, the political pressure is intense. Senate Majority Leader John Thune said he is […]
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Commercial crude oil inventories excluding the SPR fell 640,000 barrels to 423.4 million barrels. That was a third consecutive weekly draw, but smaller than Wall Street expected. Analysts in a Wall Street Journal survey had looked for a 1.4 million-barrel decline. Commercial crude is now about 1% above the five-year average for this time of […]
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Brent settled above $101 on Wednesday, September 9, and WTI followed through the $100 level on Thursday morning in a sharp rally. Physical benchmarks had already been there. Dated Brent has held above $100 since September 3. Murban, DME Oman, the OPEC basket, and the Indian basket were already trading over that threshold. Futures are […]
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Physical tightness, high product cracks, and China’s selective rebound in buying are supporting prices, but inventories, China’s still-subdued import volumes, and the existing backwardation already price in a good deal of risk. What the OilPrice article and related reporting show The Sept. 7 OilPrice piece (and the overlapping Bloomberg coverage it draws on) reports that […]
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After coordinated IEA releases during the Iran war and earlier drawdowns that were never fully replaced, SPR crude sits at 286.6 million barrels as of the EIA week ending August 28, 2026 — about 40% of authorized 714-million-barrel capacity and the lowest level since the early 1980s. That level already sits inside the band most […]
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This was a fun podcast with Mark LaCour, OGGN Podcast Host, and Joe Leather, host of Wind, Waves and Wells. Buckle Up: We Solve the World’s Energy Crisis In a wide-ranging discussion that cuts through the noise of energy policy debates, three industry experts—Joe Leather (HSE Professional and Offshore Wind & Oil Podcast Host), Mark […]
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Oil prices climbed more than 2% in Monday trading after the United States and Iran exchanged strikes for the first time in weeks and Iran reported a supertanker striking sea mines in the Strait of Hormuz. The developments ended a period of relative calm in the six-month conflict and immediately revived supply-risk fears for a […]
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Jeff Currie, founder and CEO of Real Macro and a veteran commodities strategist formerly of Goldman Sachs and Carlyle, appeared on CNBC’s Squawk Box on August 26, 2026, and cut through the usual noise. The segment title said it plainly: “The Strait of Hormuz is just one of many choke points being squeezed right now.” […]
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