Company
Rystad Energy is a Norway-based independent research and consultancy firm providing data, analysis, and forecasts on global oil, gas, and energy markets.
International oil prices have passed $100 while the US Navy narrows its Hormuz escort windows to two a day, and the overland pipeline that was the alternative to the strait is offline after a drone attack.
Perspective Coverage
6 publishersReality
Six months into a war that has been formally under ceasefire since June, the US says it struck Iranian oil tankers and Tehran's chief negotiator promises heavier retaliation, which changes what a charterer has to underwrite.
Reality
Fred Ehrsam's Primavera holds a production-sharing contract with PDVSA in the Orinoco Belt, where Rystad Energy expects significant new output only around 2035 and calls execution, not geology, the binding constraint.
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GasBuddy has California's diesel average at $7.91 a gallon and the national average past $6 for the first time. The extra $700m a day Americans are paying for fuel works out near $255bn over a year.
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Crude topped $101 and US diesel passed $200 a barrel for only the second time ever, leaving roughly $99 of refining margin between them, the piece of the shock that sits in refining capacity, not crude supply.
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Twelve Inner Mongolian projects worth 186.46bn yuan were signed alongside a free trade zone platform whose stated jobs include token metering and cross-border settlement.
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Venezuela's new petroleum minister pitched 916 exploration opportunities and 192 trillion cubic feet of gas. The names on paper so far are Hunt Oil and SLB.
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Energy Secretary Chris Wright says Middle East flows are back to about 15 million bpd. Tanker trackers put Hormuz alone at 4 to 8 million, and the spread is the number that matters.
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