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Sanctioned Chinese Tanker Passes Hormuz Despite U.S. Naval Blockade April 14, 2026
A Chinese-owned tanker under U.S. sanctions has passed the Strait of Hormuz despite the U.S. blockade of Iranian ports that began on Monday. Citing data from Kpler and MarineTraffic, Reuters reported that the vessel had traversed the chokepoint earlier today. Owned by Shanghai Xuanrun Shipping Co Ltd., the vessel, Rich Starry, became a target for […]
Oil Traders Bet on Diplomacy Even as Physical Supply Tightens April 14, 2026
Oil prices edged lower in early Asian trade on Tuesday, giving up gains from the previous session as hopes of diplomatic progress between the U.S. and Iran tempered fears of a further supply shock. At the time of writing, Brent crude was trading at $98.08, down 1.28% on the day, while West Texas Intermediate had […]
The Oilfield Service Crunch Is Here April 14, 2026
On March 9th, I wrote in an article for Oilprice.com titled “Why $100 Oil Isn’t Going to Spark a New Shale Boom.” My point, nine days into Operation Epic Fury, was that “No one—that I know—is carrying on much about the recent jump in prices, let alone cheering them on. Outside of thinking we'd better […]