Energy Markets Daily

Thursday, April 23, 2026. WTI surges to $97.19, settles $94.49 (+1.65%). EIA crude inventories +1.9M (expected -1.2M). Strait of Hormuz closed. Iran renewed vessel attacks. Negotiations stalled. Gas flat at $2.72 on steep forward curve. Trade the data, not the headlines.

Wednesday, April 22, 2026. Trump extends ceasefire indefinitely. Blockade remains. Iran's parliament calls for military escalation. API crude draw beats expectations. Gas forward curve steep on LNG demand. Trade the data, not the headlines.

Tuesday, April 21, 2026. WTI slips 1.5% to $88 on mixed peace talk signals. Iran signals escalation. Gas storage hits triple-digit excess. Golden Pass LNG exporting first cargo. Trade the data, not the fear.

Monday, April 20, 2026. Strait of Hormuz traffic down dramatically — only fraction of usual 130 vessels per day. War risk insurance at 3%. Iran firing warning shots, U.S. seized Iranian cargo ship. Trump blockade announced. WTI volatile on supply uncertainty. Henry Hub at $3.095 (April), 12-month strip $3.766. LNG exports 17.9 Bcf/d (record). 2026 forecast 17.0 Bcf/d, 2027 forecast 18.6 Bcf/d. New...

Friday, April 17, 2026. South Africa produces virtually no crude oil. Current output: 550 barrels per day. Imports 95-100% of consumption (~700k bpd). Refining capacity 360k bpd, down from 80% domestic. April 1 fuel shock: petrol +R5/l, diesel +R8/l. Strategic reserves 8M barrels. Gas shortage reliant on Mozambique imports. Offshore potential: 13k MMbbl liquids, 38 Bcf gas. Brulpadda/Luiperd undev...

Thursday, April 16, 2026. Colorado ranks #6 nationally by barrels of oil equivalent. DJ Basin dominates. Natural gas production 160,855 MMcf (Jan 2026). Proven reserves 1.442 billion barrels. Regulatory squeeze: air quality rules, water recycling mandate, methane emissions. Ballot measures threaten industry. Economic impact: $57.5B GDP, 325K jobs. Next week: live industry updates resume.

Wednesday, April 15, 2026. WTI trading $91-93 range, down from Monday's $104.90. EIA inventory report at 9:30 AM ET. Strait of Hormuz 95% traffic collapse. Henry Hub $2.60. Crude caught between supply disruption and demand destruction.

Tuesday, April 14, 2026. WTI at $96.87, down 2% from Monday's spike. Head and shoulders reversal forming. Neckline support at $95-$97. Henry Hub at $2.62, down 0.42%. Peace talk hopes fading war premium.

Monday, April 13, 2026. WTI at $104.90, up 8.64%. Brent at $102.20, up 7.38%. Trump threatens Strait of Hormuz blockade. Ceasefire talks failed. JPMorgan warns $120 possible.

Friday, April 10, 2026. Morocco's energy paradox: 87.5% dependent yet North Africa's renewable leader. Nador LNG terminal Q4 2026. Tendrara gas mid-2026. Africa's first offshore wind farm 2029.

Thursday, April 9, 2026. WTI $96.88, up 2.62%. Hormuz reopening eases supply fears, but Iran attacks Saudi pipeline. Ceasefire fragile. Trade the levels.

Wednesday, April 8, 2026. BREAKING: Two-week ceasefire agreed. Strait of Hormuz reopening. WTI plunged 14.3% to $96.82. War premium evaporated. Thesis vindicated. Mean reversion in progress. Henry Hub $2.77. Trade the data, not the headlines.

Tuesday, April 7, 2026. WTI trading in a $102.18 to $104.54 range. Price has overcome obstacles near $102, signaling re-entry into a bullish zone. RSI near 64. Henry Hub $2.80. Trump 8 PM ET deadline for Iran ceasefire. Trade the data, not the hope.

Monday, April 6, 2026. Geographic Spotlight: Thailand. Largest LNG capacity in SE Asia, declining domestic production, 50% crude from Middle East, LNG hub ambitions, 47% emissions reduction target by 2035.

Friday, April 3, 2026. Geographic Spotlight: Portugal. Sines LNG terminal, 70%+ renewable electricity, hydrogen pilot, zero domestic production, gateway to Southern Europe. Show returns Tuesday, April 7th.

Thursday, April 2, 2026. WTI surged to $104.96, up 4.84%. Trump addressed the nation. Iran denies direct talks but messages exchanged. Britain convening 35 countries on Strait reopening. Henry Hub $2.86, decoupled. Trade the data, not the hope.

Wednesday, April 1, 2026. WTI broke $100. Now trading $103.05. Prediction markets pricing 65¢ for $105+. Trump says ops could end in two weeks. Strait still closed. Henry Hub $2.87, decoupled. Trade the data, not the hope.

Tuesday, March 31, 2026. WTI holding $98-102 range. Prediction markets pricing 59¢ for $100+ by March 31. $100 is psychological and technical. Gas at $3.00, neutral to bullish. Trade the levels.

Monday, March 30, 2026. Day 30. WTI closed at $99.64, Brent at $112.57. Pentagon preparing ground options including Kharg Island. Iran rejects US terms. Russia loses 40% export capacity. OPEC+ meets April 5. Binary weekend risk. Capital preservation first.

Thursday, March 26, 2026. WTI rebounds to $91.21, up 1% from yesterday's crash. Iran rejects US 15-point proposal but White House says talks ongoing. Iran counters with 5 conditions including Strait sovereignty. Henry Hub $2.96. Range-bound until clarity.

Wednesday, March 25, 2026. WTI crashes 5% to $87.68. Trump's 15-point settlement proposal sent to Iran. Strait of Hormuz as free maritime zone on the table. Iran denies talks. Henry Hub $2.88. The next 72 hours are critical.

Tuesday, March 24, 2026. WTI at $91.61, broke ascending trendline. Rectangle pattern $94.99-$99.69. Fib resistance at $90.98, $93.16, $95.33. 100 SMA crossing below 200 SMA. Henry Hub $2.94. Trade the levels.

Monday, March 23, 2026. We're back. WTI near $98, Day 24 of US-Iran conflict. Strait of Hormuz still closed. 73% probability WTI stays above $97. Henry Hub $3.06, consolidating. Trade the range. Respect the levels.

Friday, March 20, 2026. China spotlight: Oil demand +1% stagnant. Gas demand +4-5% to 455 bcm. Coal rebounding. State Grid investing $574B through 2030. Power demand hitting 11,000 TWh. Live updates resume Monday.

Thursday, March 19, 2026. Chile spotlight: 24% of global copper, 33.6% of lithium reserves. $104B mining investment through 2034. SQM-Codelco deal through 2060. Indispensable to the energy transition. Live updates resume Monday.