When oil hit $55 per barrel in late 2025, the drilling and completions side of the industry surrendered. A few months later, war breaks out

Record volumes of nearly 40 million barrels of sanctioned Iranian, Russian, and Venezuelan crude are idling in floating storage on tankers near China, according to

Oil prices are soaring as the Middle East war chokes crude supplies, but fuel price premiums over crude are climbing even faster as the de