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BP: Significant natural gas and condensate discoveries off the coast of Egypt following successful drilling of the Denise W-1 exploration well in the Temsah concession.

2026-04-08

BP: Significant natural gas and condensate discoveries off the coast of Egypt following successful drilling of the Denise W-1 exploration well in the Temsah concession.

Other News
2026-04-08

- 2026 WTI: $87.41 (raised); Brent: $96 (raised) - 2027 WTI: $72.43; Brent: $76.09 - Global supply 2026: 104.3M bpd (cut); demand: 104.6M (cut) - Global demand 2027: 106.2M bpd (slightly lower forecast) - U.S. oil output: 13.64M bpd (Apr), 13.59M (Ma

- 2026 WTI: $87.41 (raised); Brent: $96 (raised) - 2027 WTI: $72.43; Brent: $76.09 - Global supply 2026: 104.3M bpd (cut); demand: 104.6M (cut) - Global demand 2027: 106.2M bpd (slightly lower forecast) - U.S. oil output: 13.64M bpd (Apr), 13.59M (May); 2026: 13.51M (cut), 2027: 13.95M - U.S. gas output: ~120.3 bcfd (Apr/May); 2026: 109.6 bcfd, 2027: 112.6 bcfd - U.S. gasoline $4.30/gal, diesel $5.80/gal in April - Hormuz-related supply losses to reach 9.1M bpd in April - Brent seen peaking at $115/bbl in Q2 2026 - Limited scope to raise U.S. LNG exports due to maintenance, ramp-ups, authorizations - Assumes Middle East conflict ends after April; Strait of Hormuz traffic gradually resumes, though full restoration will take months
2026-04-07

IRAQ'S KATAIB HEZBOLLAH SAY THEY WILL RELEASE ABDUCTED AMERICAN JOURNALIST SHELLY KITTLESON

IRAQ'S KATAIB HEZBOLLAH SAY THEY WILL RELEASE ABDUCTED AMERICAN JOURNALIST SHELLY KITTLESON
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