Rig Count
North America Goes Back to Losing Rigs: Seasonal Slump or Structural Shift?
The North American rig count has dipped again as seasonal shifts in Canada and strict capital discipline in the U.S. redefine the drilling landscape.
Jeff Gaston
Energy Markets
US Pauses "Project Freedom" in Strait of Hormuz: Diplomatic Gamble or Energy Breakthrough?
The Trump administration has paused naval escorts in the Strait of Hormuz, betting on a 14-point Pakistani peace proposal to end the 2026 Iran War and stabilize oil prices.
Oil Prices
Oil Sinks 12% as Trump Floats 'Stark' Peace Proposal to Iran
Brent crude plummeted toward $100 per barrel as the U.S. issued a 48-hour peace ultimatum to Iran, pausing naval escalations in the Strait of Hormuz.
OPEC+
OPEC+ Decides to Boost Output: A Signal of Stability or a Drop in the Bucket?
OPEC+ is attempting to signal 'business as usual' with a modest production hike, but the UAE’s departure and the Hormuz blockade tell a different story.
Oil Prices
Oil Surges on Middle East Attacks: Brent Hits $119 as 'Project Freedom' Begins
The global energy market is in turmoil as attacks on the UAE's Fujairah hub and an IRGC blockade of the Strait of Hormuz send Brent crude past $115. Is this the 1973 embargo all over again?
Strait of Hormuz
Shipping Freeze Deepens: Strait of Hormuz Crisis Enters High-Stakes Escalation Phase
The 'shipping freeze' in the Strait of Hormuz has entered a critical new phase as of May 5, 2026. Following months of stalemate, the situation has escalated into a direct military and economic confrontation between the U.S. and Iran.
Oil Prices
Oil Surges as Middle East Ceasefire Collapses: Brent Crude Hits $115
The Persian Gulf ceasefire has collapsed, sending Brent crude to $115. As Iran targets the UAE's Fujairah hub, the U.S. Navy begins 'Project Freedom' escorts in the most significant supply disruption in decades.
Strait of Hormuz
Shipping Freeze Deepens in Strait of Hormuz: The $120 Brent Threshold
The Strait of Hormuz has entered a state of total shipping paralysis. As the U.S. launches 'Project Freedom' and Iran demands illegal tolls, the energy market is bracing for $120 Brent crude.
Oil Prices
Oil Surges as Middle East Attacks Hit Strategic Fujairah Hub
Global oil benchmarks are soaring after coordinated attacks on the Fujairah Oil Industry Zone and a blockade of the Strait of Hormuz. With the U.S. launching 'Project Freedom' and the UAE exiting OPEC, the energy market is entering its most volatile period in decades.
News
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