FROM THE OIL PATCH
HEADLINES OF INTEREST
Attention Shifting to Kharg Island
Attention is now shifting to Kharg Island, following an Axios report that the Trump administration has discussed seizing the strategic export terminal. That’s what J.P. Morgan analysts, including
Saudi Arabia Starts Oil Cuts
Saudi Arabia has started reducing oil production as the crucial Strait of Hormuz chokepoint remains at a near-standstill, even as the kingdom rushes to boosts
Analyst Flags ‘Incredible’ Oil Price Moves
In a market comment sent to Rigzone on Monday morning, Aaron Hill, Chief Market Analyst at FP Markets, noted that, as of early trading this morning, both WTI and Brent “are up a whopping 14 percent and 16 percent … respectively”. “These are just incredible moves, trading near highs seen
War Sees Energy Exporters Scramble for Routes Out of Gulf
The widening conflict in the Middle East is stoking fears over a global energy crunch as exporters scramble for routes out of the region while a swath of refineries reduce output. More oil tankers are diverting away from the Persian Gulf and toward the Red Sea, where Saudi Arabia is
The case for building modular, repeatable data centers
Speed to market drives data center construction. That creates a ripe opportunity for modular construction, writes one construction executive. Artificial intelligence is driving a massive and unprecedented infrastructure expansion to the tune of $40 billion in annual spending on data centers in the U.S. alone. The pace of data center construction is
Economy unexpectedly sheds 92,000 jobs as war spurs inflation worries
Shrinking payrolls prompted traders in interest rate futures to predict a faster pace of monetary policy easing. Dive Brief: The economy unexpectedly lost 92,000 jobs last month, the Bureau of Labor Statistics reported Friday, as fighting in the Middle East pushed up oil prices to the highest level since 2022,
WEEKLY UPDATE
CRUDE OIL WEEKLY UPDATE (Week Ending 03-06-26)
Crude Oil Summary (EIA) U.S. crude oil refinery inputs averaged 15.8 million barrels per day during the week ending February 27, 2026, which was 180
NATURAL GAS WEEKLY UPDATE (Week Ending 03-06-26)
Market Highlights: Natural gas storage Net storage withdrawals totaled 132 Bcf for the week ending February 27, compared with the five-year (2021–2025) average
ANALYSIS & INSIGHTS
Zekelman Industries Steel Snapshot – February 2026
SMU February HR Coil $975 up $40 from January. SMU February CR Coil $1,125 up $25 from January. January Chicago #1 Bush $450 up $30
Preston Pipe Report – February 2026
(by Paul Vivian and Rick Preckel, www.prestonpipe.com) Market Monitor – Continued strong pipeline activity and the adjustment of expected ship dates, have moved our line pipe
Argus Pipe Logix Line Pipe Report – February 2026
(by Rye Druzin, www.pipe-logix.com) The US line pipe market was mostly paused in January as distributors reported some large projects are being bid out. The
AISI Press Release on Latest U.S. Imports of Steel Products – February 2026
(American Iron and Steel Institute 02-20-26) Finished Import Market Share Estimated at 15 Percent in January – Based on the Commerce Department’s most recent Steel