Oil markets are back on edge. Brent crude has surged above $90 per barrel for the first time in weeks, driven by a fresh attack on a Kuwaiti tanker in the Strait of Hormuz and renewed fighting between the United States and Iran. Early Tuesday (July 21, 2026), the UK Maritime Trade Operations (UKMTO) reported […]
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ENB Pub Note: This article was first run on RHG Phoenix Petroleum’s Blog. We will be interviewing them on the podcast soon. Halliburton executives signaled a positive outlook for North American oilfield activity in 2026 during the company’s second-quarter 2026 earnings release and conference call on July 21, 2026. The Houston-based oilfield services giant highlighted […]
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The Strait of Hormuz, the world’s most critical oil chokepoint carrying roughly 20% of global oil trade (around 20–21 million barrels per day pre-disruptions), is rapidly losing its stranglehold. According to Goldman Sachs analyst Alexandra Paulus, pipeline projects across the Gulf are on track to divert up to 45% of pre-war Persian Gulf oil exports […]
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In a significant development for U.S.-Iraq energy relations, President Donald Trump hosted Iraqi Prime Minister Ali al-Zaidi at the White House on July 14, 2026. The meeting focused on deepening strategic ties, advancing major oil and gas investments, and discussing infrastructure projects—including a revived pipeline that could bypass the volatile Strait of Hormuz. Trump also […]
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The era of ultra-cheap U.S. natural gas appears to be ending. A combination of explosive demand growth from LNG exports and AI-driven data centers, paired with maturing supply dynamics, is poised to push Henry Hub prices higher while potentially flattening the traditional seasonal price swings that have defined the market for decades. Traditional Seasonality Under […]
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Recent analyst predictions of an impending oil glut and sharply lower prices have gained traction amid falling benchmark crude prices and reports of recovering tanker flows through the Strait of Hormuz. However, a closer look at actual oil movements, inventory dynamics, refinery constraints, and exploration activity suggests these calls may be getting ahead of reality. […]
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In a timely new analysis published today, Doomberg challenges conventional peak oil narratives with a provocative twist: it’s “Peak ‘Not Oil.’” The piece highlights how surging U.S. natural gas liquids (NGLs) — particularly propane and butane — are delivering a “tsunami of new supply” that the global economy is rapidly adapting to, rendering a narrow focus […]
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ENB Pub Note: This is from the US Department of Energy and is very important. Well done, Secretary Chris Wright. Make no mistake, the EU’s overreach on methane reporting adds costs and is a way for them to justify their carbon markets for the wealth transfer they want to keep funding. We need to stand […]
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TotalEnergies CEO Patrick Pouyanné recently put it plainly: US LNG cannot fully replace Qatar. Oil markets have substitutes and buffers that can ease pressure. Gas does not — at least not in time for winter 2026-27. This assessment comes amid a rapidly evolving situation in the Middle East. Following Iranian strikes on Qatar’s Ras Laffan […]
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QatarEnergy is moving LNG tankers back to its Ras Laffan Industrial City complex as it prepares to resume exports once safe navigation through the Strait of Hormuz is restored, following a preliminary U.S.-Iran deal that has raised hopes for regional de-escalation. Vessel-tracking data shows that at least four Qatar-owned LNG carriers recently began heading toward […]
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