According to the Bloomberg article (May 4, 2026) and Diamondback’s Q1 2026 earnings release/letter to shareholders: The company is currently pumping >520,000 barrels per day of oil (3% above its original full-year 2026 guidance midpoint of ~505,000 bpd). It is raising full-year 2026 guidance to 520,000+ bpd oil and 972,000+ boe/d total (up from the […]
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In a stark warning to markets, CEOs from America’s largest oil companies say the global crude market is rapidly approaching a critical “cliff’s edge.” With the Strait of Hormuz effectively closed for months amid the ongoing U.S.-Israel conflict with Iran, commercial stockpiles, strategic reserves, and pre-war floating crude are being burned through at an alarming […]
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In the high-stakes world of global oil, timing and persistence can make all the difference. While ExxonMobil and ConocoPhillips spent nearly two decades on the sidelines after Venezuela’s 2007 nationalizations, Chevron quietly maintained its foothold through joint ventures and U.S. licenses. Now, with major political shifts in Caracas and a clear push from the Trump […]
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The Iran war that erupted on February 28 has sent oil prices surging past $100 per barrel amid disruptions in the Strait of Hormuz and Persian Gulf supply chains. While the broader energy sector has benefited from the geopolitical shock, not all Big Oil majors have performed equally. BP has emerged as the standout performer […]
Continue ReadingIn a move that underscores the ongoing consolidation and optimization in the U.S. oil industry, ConocoPhillips (COP) is reportedly exploring the sale of certain assets in the Permian Basin valued at approximately $2 billion. This development, first reported by Bloomberg, comes as the company seeks to streamline its portfolio following a series of major acquisitions. […]
Continue ReadingIn the volatile world of energy markets, oil traders are increasingly betting on upward price movements, driven by escalating geopolitical tensions in the Middle East. The global Brent benchmark has shown a call skew—a premium for bullish call options—for 14 consecutive sessions, while the U.S. crude marker has followed suit for 13 days, marking the […]
Continue ReadingThe US oil and gas sector is showing signs of resilience with a recent uptick in drilling activity, even as analysts sound alarms over an impending global oil surplus. According to the latest Baker Hughes data, the US rig count rose by five to 549 in the week ending December 5, 2025, marking the fourth […]
Continue ReadingIn a bold move to revitalize American energy production, the Trump administration has unveiled a sweeping offshore oil and gas leasing schedule through the Department of the Interior (DOI). Announced on August 19, 2025, this initiative marks a stark reversal from the restrictive policies of the previous Biden administration, aiming to unleash domestic resources and […]
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