The paper oil markets continue to signal relative calm, with WTI futures hovering in the low-to-mid $80s per barrel range in late July 2026, even as the physical markets scream warnings of tightening supplies and stress. Futures traders appear focused on hopes of de-escalation, adaptability of flows, and potential diplomatic pauses. Yet the actual delivery […]
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Oil markets are gripped by a classic battle between headline optimism and physical reality in late May 2026. Brent crude has traded in a volatile $90–$110+ range (recently around $98/bbl as of May 25), well above pre-crisis levels near $60–70, after spiking as high as $126 earlier in the conflict. The driver remains the 2026 […]
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The global oil market is facing its most severe supply shock in years. Ongoing disruptions in the Middle East—driven by conflict and the effective closure of the Strait of Hormuz—have slashed exports by more than 13 million barrels per day (mb/d), triggered massive production shut-ins, and sent inventories plunging. According to the International Energy Agency’s […]
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Daily Standup Top Stories Chevron Targets $6-8 bln In Free Cash Flow Growth By 2026 January 8, 2025 Clark Savage Chevron Corp.(NYSE:CVX) is well positioned to grow its free cash flow by $6 billion to $8 billion by next year, and lower expenses by “a couple billion dollars,” Chevron CEO Michael Wirth announced on Wednesday. America’s second […] Salt […]
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Crude oil prices were flat on the day, after the U.S. Energy Information Administration reported an estimated inventory draw of 1 million barrels for the first week of 2025. The authority also estimated builds in fuel inventories but both gasoline and diesel stocks remain below the five-year average. The crude inventory draw compared with another modest of 1.2 million […]
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