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Equinor Q1 2026 MMP Trading Profits Beat $400M Guidance as Persian Gulf War Drives Crude Volatility, Norway Gas Spreads Widen
Equinor's Norwegian trading division expects Q1 2026 profits to surpass $400M guidance as Persian Gulf conflict and US cold snap fuel historic volatility.
April 17 Evening Wrap: Oil Prices Crash 11% as Iran Reopens the Strait of Hormuz, WTI Settles at $83
Iran declared the Strait of Hormuz open Thursday, sending WTI crude plunging 11% to $83 as six weeks of war premium evaporated in a single session.
TotalEnergies Q1 2026 LNG Income Set to Surpass $922M as Iran War Drives 10% Production Gain and Trading Windfall
TotalEnergies Q1 2026 LNG income will beat $922M as a 10% production increase and Iran-driven trading volatility push integrated results sharply higher.
Iran Declares Strait of Hormuz Open to Commercial Ships; Trump Says US Naval Blockade Stays in Full Force as April 22 Ceasefire Deadline Approaches
Iran opened the Strait of Hormuz to ships Friday, but Trump's US blockade stays active. Brent holds near $97 with the April 22 ceasefire expiry in focus.
EIA Hikes 2026 Brent Forecast to $96 Per Barrel Average, Projects $115 Q2 Peak as Hormuz Shut-Ins Hit 9.1 Million BPD in April
EIA's April 2026 STEO raised Brent's 2026 average forecast 22% to $96/b, with a $115 Q2 peak, as Hormuz disruptions lock in 9.1 million BPD of shut-ins.
WTI Surges Past $93 on Record 9.13 Million Barrel Inventory Draw as ExxonMobil Projects $2.9B Q1 Earnings Windfall: April 16, 2026 Evening Wrap
WTI hit $93.47 and Brent neared $100 after U.S. crude stocks plunged 9.13 million barrels, as ExxonMobil projected a $2.9B Q1 earnings windfall.
OPEC+ Hikes May Output by 206,000 BPD, but 230 Loaded Tankers Remain Stranded in Persian Gulf
OPEC+ voted a 206,000 b/d hike for May, led by Saudi Arabia at 62,000 b/d, but 230 tankers stranded in the Gulf make the paper quota largely symbolic.
April 15 Evening Wrap: Oil Markets Hold Through Historic Supply Shock as North America Stays Disciplined and LNG Routes Redraw
WTI settled at $90.85 and Brent at $94.93 on April 15 as OPEC output hit record lows and North American producers kept rigs idle for a 7th week.
OPEC April Monthly Report: Iraq Crude Output Crashes 61% to 1.6 Million Bpd in March, Saudi Arabia at 7.8 Million as OPEC+ Logs Worst Monthly Supply Shock in Decades
Iraq's crude output fell 61% to 1.6 million bpd in March, Saudi Arabia to 7.8 million; OPEC's April report calls it the worst monthly supply shock in decades.
IEA Slashes 2026 Oil Demand Outlook to First Annual Contraction Since COVID, Hormuz Crisis Erases 10.1 Million BPD
IEA projects global oil demand will contract 80,000 bpd in 2026, the first annual decline since COVID, as Hormuz disruptions erase 10.1 million bpd supply.
Brent Crude Falls 4.6% to $94 as US and Iran Prepare Second Peace Talks, WTI Below $92
Brent fell 4.6% to $94.79 on April 15 as US and Iran prepare second peace talks in Pakistan, potentially reopening Hormuz to global tanker traffic.
Oil Plunges 8% on April 14 as Vance Signals Iran Talks Revival, WTI Settles at $91 Amid Kuwait Damage Assessment
WTI plunged 8% to $91.28 on April 14 as Vance signaled a second Iran talks round, slashing the Hormuz war premium while Kuwait counts 2.5 million bpd offline.
US Gasoline Hits 4.12 Per Gallon and Diesel Nears 5.80 as EIA Projects April 2026 Peak from Hormuz Supply Crunch
US retail gasoline prices reached $4. 12 per gallon on Tuesday, according to the American Automobile Association, while the U. S.
BP Reports Exceptional Q1 2026 Oil Trading Profit as Hormuz Volatility Surges, Net Debt to Reach $25 Billion to $27 Billion
BP posts blockbuster Q1 2026 Oil Trading Profit as Hormuz Volatility Surges, Net Debt to Reach $25B to $27B.
Brent Falls Below $100 as Second Round of US-Iran Talks Targets Thursday, Pakistan Seeks to Resume Hormuz Diplomacy
Brent Falls Below $100 as Second Round of US-Iran Talks Targets Thursday, Pakistan Seeks to Resume Hormuz Diplomacy.
IEA Warns Global Oil Demand Will Contract 80,000 BPD in 2026 as Hormuz Crisis Removes 10 Million BPD from Supply
IEA Warns Global Oil Demand Will Contract 80,000 BPD in 2026 as Hormuz Crisis Removes 10M BPD from Supply. See: WTI Surged to $105 After US Blockade Order.
Brent Crosses $103 as Hormuz Blockade Takes Effect, OPEC Cuts Q2 Demand Outlook: April 13 Evening Wrap
Brent Crosses $103 as Hormuz Blockade Takes Effect, OPEC Cuts Q2 Demand Outlook: April 13 Evening Wrap. The talks, led on the U.S. side by Vice President J.D.
WTI Surges to $105 as Trump Orders US Navy Blockade of Strait of Hormuz, Iran Talks Collapse in Islamabad
WTI Surges to $105 as Trump Orders US Navy Blockade of Strait of Hormuz, Iran Talks Collapse in Islamabad.
OPEC+ Faces May 3 Decision on Output as Iran Ceasefire Erases $15 Risk Premium and WTI Settles Near $97
OPEC+ Faces May 3 Decision on Output as Iran Ceasefire Erases $15 Risk Premium and WTI Settles Near $97.
OPEC+ April Output Increase of 206,000 Barrels Per Day Faces Delivery Test as Hormuz Crisis Pushes Brent Toward 96 Dollars
OPEC+ April Output jumps of 206,000 bpd Faces Delivery Test as Hormuz Crisis Pushes Brent Toward 96 Dollars.
OPEC+ Approves 206,000 BPD May Output Hike as US-Iran Ceasefire Sends Brent Below $96
OPEC+ approved a 206,000 barrel-per-day May output hike on April 5, but the pledge was quickly overshadowed by a US-Iran ceasefire that sent Brent crude tumb...
ExxonMobil Signals Permian Basin Output Increase as WTI Holds Near $95 Per Barrel
ExxonMobil Signals Permian Basin Output jumps as WTI Holds Near $95 Per Barrel. ExxonMobil and several other major U.S. shale producers have signaled plans.
Western Canadian Select Differential Widens to 14-Month High as WTI Volatility Squeezes Alberta Oil Sands Revenues
Western Canadian Select Differential Widens to 14-Month High as WTI Volatility Squeezes Alberta Oil Sands Revenues. WCS did not keep pace.
Saudi Arabia SATORP Refinery Shut Down After Strikes: TotalEnergies and Saudi Aramco Assess 460,000 bpd Capacity Damage
Saudi Arabia SATORP Refinery Shut Down After Strikes: TotalEnergies and Saudi Aramco Assess 460,000 bpd Capacity Damage.
WTI Crude Swings Between $94 and $115 in April as Hormuz Blockade and Iran Ceasefire Whipsaw Oil Markets
WTI Crude Swings Between $94 and $115 in April as Hormuz Blockade and Iran Ceasefire Whipsaw Oil Markets.
Iran Ceasefire Fails to Reopen Strait of Hormuz as Oil Prices Hold Above $96 per Barrel
Iran Ceasefire Fails to Reopen Strait of Hormuz as Oil Prices Hold Above $96 per Barrel. By April 10, just seven vessels had made the transit.
Oil Market Wrap-Up April 9, 2026: Brent Slips to $95.92 as Iran Rejects Peace Terms and WCS Discount Widens
Oil Market Wrap-Up April 9, 2026: Brent Slips to $95.92 as Iran Rejects Peace Terms and WCS Discount Widens.
EU Loosens Methane Import Rules on Oil and Gas as Hormuz Supply Crisis Forces Brussels to Prioritize Energy Security
EU Loosens Methane Import Rules on Oil and Gas as Hormuz Supply Crisis Forces Brussels to Prioritize Energy Security.
Iran Halts Strait of Hormuz Shipping Again After Israeli Strikes on Lebanon, Over 400 Tankers Stranded as Oil Prices Reverse on April 9
Iran Halts Strait of Hormuz Shipping Again After Israeli Strikes on Lebanon, Over 400 Tankers Stranded as Oil Prices Reverse on April 9.
Oil and Gas Evening Wrap-Up April 8, 2026: Islamabad Talks Set Stage for Volatile Energy Week as WTI Settles Near $95
Oil and Gas Evening Wrap-Up April 8, 2026: Islamabad Talks Set Stage for Volatile Energy Week as WTI Settles Near $95.
Evening Wrap-Up April 8, 2026: Iran Ceasefire Jolts Oil Markets as Canadian Producers Navigate Record Output and Widening WCS Discounts
Evening Wrap-Up April 8, 2026: Iran Ceasefire Jolts Oil Markets as Canadian Producers Navigate Record Output and Widening WCS Discounts.
WTI Crude Falls 15 Percent to $95.85, Brent Drops to $96.24 as US-Iran Ceasefire Collapses Hormuz War Premium
WTI Crude Falls 15 Percent to $95.85, Brent tumbles to $96.24 as US-Iran Ceasefire Collapses Hormuz War Premium.
WTI Crude Plunges 16 Percent to $94 Per Barrel as Trump Announces Two-Week Iran Ceasefire and Hormuz Shipping Talks Begin
WTI Crude Plunges 16 Percent to $94 Per Barrel as Trump Announces Two-Week Iran Ceasefire and Hormuz Shipping Talks Begin.
Iran Charges $2 Million Per Vessel to Cross Strait of Hormuz as Trump Issues 8 p.m. Tuesday Deadline: WTI at $112, Brent at $110
Iran Charges $2M Per Vessel to Cross Strait of Hormuz as Trump Issues 8 p.m. Tuesday Deadline: WTI at $112, Brent at $110. The move comes as U.S.
Canadian Synthetic Crude Surges 200 Percent to $19 Per Barrel Premium Over WTI as Hormuz Diesel Shortage Roils Europe
Canadian Synthetic Crude Surges 200 Percent to $19 Per Barrel Premium Over WTI as Hormuz Diesel Shortage Roils Europe.
Trump Hormuz Deadline Rattles Markets: April 7, 2026 Oil and Gas Evening Wrap-Up
Trump Hormuz Deadline Rattles Markets: April 7, 2026 Oil and Gas Evening Wrap-Up. Brent settled near $109.77, recovering modestly from prior-session lows.
OPEC+ Alliance Meets April 5 to Decide May Production Hike as Iraq and Kazakhstan Compliance Gaps Put 206,000 Barrel Per Day Increase in Doubt
OPEC+ Alliance Meets April 5 to Decide May Production Hike as Iraq and Kazakhstan Compliance Gaps Put 206,000 bpd jumps in Doubt.
OPEC+ Meets April 5 to Assess Largest Oil Supply Crisis in History as Brent Tops $107 and WTI Breaks $111
OPEC+ Meets April 5 to Assess Largest Oil Supply Crisis in History as Brent Tops $107 and WTI Breaks $111. Sources: CNBC, Bloomberg, Kpler.
UAE Habshan Gas Plant Shut Down for Second Time in Two Weeks as India Reroutes Crude Imports to Russia and JP Morgan Warns of $150 Oil
UAE Habshan Gas Plant Shut Down for Second Time in Two Weeks as India Reroutes Crude Imports to Russia and JP Morgan Warns of $150 Oil.
April 3, 2026 Evening Wrap: Golden Pass LNG Hits First Production, OPEC+ Alliance Faces Critical April 5 Test as Brent Closes at $107
April 3, 2026 Evening Wrap: Golden Pass LNG Hits First Production, OPEC+ Alliance Faces Critical April 5 Test as Brent Closes at $107.
WTI Crude Surpasses Brent at $112 Per Barrel as Strait of Hormuz Closure Drives ExxonMobil and Chevron to Historic Q1 Gains
WTI Crude Surpasses Brent at $112 Per Barrel as Strait of Hormuz Closure Drives ExxonMobil and Chevron to Historic Q1 Gains. According to Rigzone, J.P.
Trump Vows to Escalate Iran War on April 2, Sending WTI Above $108 and Brent Past $109
Trump Vows to Escalate Iran War on April 2, Sending WTI Above $108 and Brent Past $109. Phillips 66 fell 3.59 percent.
Suncor Delays 85,000 bpd of Oilsands Output as Venezuelan Crude Competition Widens WCS Discount to $15
Suncor Delays 85,000 bpd of Oilsands Output as Venezuelan Crude Competition Widens WCS Discount to $15. Gulf Coast refineries.
Iran Opens Hormuz to Approved Tankers Under Undisclosed Toll System as Prairie Operating Posts 3,000% EBITDA Surge
Iran Opens Hormuz to Approved Tankers Under Undisclosed Toll System as Prairie Operating Posts 3,000% EBITDA Surge. The timing is critical.
IEA Deploys Emergency Reserves as Hormuz Closure Pushes Crude Through $100 for the First Time Since 2022
IEA Deploys Emergency Reserves as Hormuz Closure Pushes Crude Through $100 for the First Time Since 2022.
Oil Prices Close at 4-Year Highs on March 27, 2026 as Hormuz Crisis and LNG Outages Deliver a Triple Supply Shock
Oil Prices Close at 4-Year Highs on March 27, 2026 as Hormuz Crisis and LNG Outages Deliver a Triple Supply Shock. Markets were unconvinced.
Brent Crude Stabilizes Near $92 as IEA Emergency Reserves Deployment Continues
Global oil markets find temporary equilibrium as the International Energy Agency coordinates the largest strategic reserve release in history, deploying 400...
Fertilizer Prices Surge as Hormuz Disruption Threatens North American Food Supply, IEA Releases Record 400 Million Barrels
Fertilizer Prices Surge as Hormuz Disruption Threatens North American Food Supply, IEA Releases Record 400M Barrels.
Brent Drops 11%, WTI Falls to $89 as Trump Pauses Iran Strikes: Canadian Energy Stocks Split on Hormuz Reprieve
Brent tumbles 11%, WTI plunges to $89 as Trump Pauses Iran Strikes: Canadian Energy Stocks Split on Hormuz Reprieve.
TC Energy Eyes Return to Ksi Lisims LNG Pipeline as Global Gas Supply Tightens
TC Energy Eyes Return to Ksi Lisims LNG Pipeline as Global Gas Supply Tightens. A significant portion of that crude is refined and re-exported through U.S.