The EU warns that jet fuel markets face significant tightening if Strait of Hormuz security does not improve by late May 2026. The analysis reveals which refiners stand to gain from potential margin expansion and the historical price shocks that could be repeated.
Sound Energy has called a vote for noteholders to decide on a $175 million debt-for-equity restructuring. The outcome will determine if the company avoids insolvency or faces a chaotic wind-down of its Moroccan gas assets.
Borr Drilling just priced a $2.035 billion debt offering, sending its shares up 3.4% to $104.47. The deal refinances the contractor's balance sheet at a pivotal moment for the recovering offshore drilling sector.
Oil prices surged over 3.5% on May 28 after US strikes in Iran revived the specter of a closure of the Strait of Hormuz. The market's rapid response highlights the persistent multi-billion-dollar risk premium attached to global oil chokepoints.
U.S. crude oil inventories fell by 1.5 million barrels last week, missing the forecast for a 2.3 million draw. The undersized decline, alongside ongoing SPR releases, signals tepid physical demand amid the start of the summer driving season.
