Category: Crude Oil

Chevron

Chevron Faces Smaller Mideast Disruptions Than ExxonMobil Amid Iran War – A Side-by-Side Comparison

Clark Savage256

While ExxonMobil disclosed a clear 6% hit to its global first-quarter 2026 production from the Iran conflict—centered heavily on damaged Qatar LNG infrastructure—Chevron’s exposure appears materially lower and more temporary. Chevron has not issued a comparable company-specific production-loss figure, and analysts (including HSBC) highlight its lighter Middle East footprint relative to Exxon. The net result: […]

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It Will Take Months for the Oil, Gas and LNG Markets to Stabilize, and the New Floor Is Around $82

Clark Savage166

The Iran war has delivered the largest supply shock in energy-market history, with Gulf producers shutting in roughly 9 million barrels per day (bpd) of crude and related liquids. While a potential two-week ceasefire has sparked some price relief, analysts and the U.S. Energy Information Administration (EIA) agree that full market stabilization will take months […]

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California Running on Empty

Clark Savage159

We are confirming the panel discussion for next Wednesday and are excited to visit with Professor Mische and Mike Ariza on this national crisis unfolding. This article is only a warm-up for next week and is really just my show notes to get questions ready. After sitting in on a town hall with Professor Mische […]

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Goldman Sachs Says Oil Price Shocks Are Looming: Global Diesel, Gasoline, and Refined Products Crisis Unfolds with Rationing Timelines by Region

Clark Savage157

As the Iran war enters its fifth week and the Strait of Hormuz remains effectively closed, Goldman Sachs has issued a stark warning in its April 2026 report titled “Are We Running Out of Oil?” The bank’s analysts, led by Yulia Zhestkova Grigsby, conclude that the world is indeed facing acute physical shortages of crude […]

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