Seeking Alpha reported on July 20, 2026, that U.S. crude oil supply measured against domestic demand had reached its lowest level in 45 years. The report referenced market data shared by Barchart and attributed to Bank of America, indicating that the country now has a smaller inventory buffer available to absorb unexpected interruptions. The development […]
Oil prices moved higher during Monday trading after President Donald Trump announced that the United States would reinstate restrictions targeting Iranian ships and customers entering or leaving through the Strait of Hormuz. West Texas Intermediate crude rose above $75 per barrel, while international benchmark Brent advanced beyond $80. Trump also proposed charging eligible cargoes a […]
Bloomberg reports that shipping activity through the Strait of Hormuz remained uneven on Sunday after several vessels changed course along the Omani side of the waterway. At least eight ships were observed turning around on Friday and Saturday, with four later moving toward the Iranian route before exiting the strait. One products tanker later appeared […]
CNBC reported that shipping through the Strait of Hormuz slowed over the weekend, citing maritime intelligence firm Windward, after Iran said the key waterway had been closed again. The report said vessel movement declined while U.S. officials indicated that commercial traffic was still continuing through the route. The strait remains a major passage for global […]
Shipping activity through the Strait of Hormuz slowed over the weekend after Iran said the key waterway was closed again, according to CNBC. The report said maritime data showed fewer vessels moving through the route, while U.S. officials indicated commercial traffic was still continuing. The strait remains one of the world’s most important energy corridors, […]
The Guardian reports that oil and gas markets responded positively after Donald Trump said a U.S.-Iran peace deal would allow the Strait of Hormuz to reopen for energy shipping. Brent crude moved to about $82 per barrel, while wholesale gas prices also eased. Even so, Brent remains above last year’s average of $69 per barrel, […]
Fitch Ratings raised its 2026 outlook for the global oil and gas sector to “improving” from “neutral,” according to reporting from MSN. The change reflects higher near-term price assumptions connected to the closure of the Strait of Hormuz, a key route for global energy shipments. Fitch now expects Brent crude to average $87 per barrel […]
S&P Global Market Intelligence reported that commodity price forecasts moved higher in May as disruptions around the Strait of Hormuz continued to affect global supply chains. The firm said its Materials Price Index rose 10.7% in the first quarter of 2026 and is projected to climb 19.2% in the second quarter, more than 25% above […]
The Guardian reports that Brent crude moved back above $100 a barrel on Tuesday after new U.S. strikes on Iranian targets reduced expectations for a quick diplomatic breakthrough. The move followed a recent pullback to about $97 a barrel on Monday, when traders had responded to reports that a deal could be close. Earlier in […]
EOG Resources continues to make the Delaware Basin a core part of its West Texas operations as the company adjusts its capital plans toward oil-focused assets. According to the Midland Reporter-Telegram, Chairman and CEO Ezra Yacob said EOG is increasing oil production by 2,000 barrels per day and shifting investment toward plays with stronger oil […]
Guardian Energy Partners selects and offers direct ownership in oil and gas wells in proven areas, to ensure a maximum return for each of our partners.
