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OPEC+ holds October output steady as Iran war disrupts oil flows — 6dOPEC+ members kept October production quotas unchanged amid ongoing Iran conflict and Hormuz disruptions, while signaling future quota framework and a 2027 baseline as they contend with limited ability to translate increases into actual output. Despite September increases, overall output remains well below targets due to capacity issues and geopolitical tensions, with next core meeting scheduled for October 4.

Rachel Meyers Holding steady makes sense when you can't even hit current targets, let alone increase them with Hormuz tensions this high.

South Korea in talks on $22.3 billion Texas gas plant, denies deal is final — 5dSouth Korea and the United States are reportedly pursuing a roughly $22.3 billion investment to build a 6.3 GW LNG gas-fired power plant in Encinal, Texas, as the first major project under their 2025 bilateral trade framework; however, Seoul’s Ministry of Trade, Industry and Energy has disputed some media reports, saying negotiations are ongoing and final details have not been confirmed. Reports also suggest possible follow-on projects, including a large-scale nuclear plant and an Alaska LNG venture, with no decision on nuclear construction announced yet.

Dana Whitfield Alaska LNG keeps popping up in these deals but never seems to actually break ground. Curious if this Texas plant fares any better.

Asian stocks rally, oil rises on Hormuz strikes as Fed bets grow — 5dAsian stocks climbed on Monday led by Korea’s Kospi and Japan’s Nikkei on a tech-led rally even as investors weigh a strong US jobs backdrop against potential Fed rate hikes and renewed Middle East tensions that sent oil higher. Brent and WTI rose after US-Iran tanker attacks, fueling inflation concerns, while traders await US CPI data to gauge the Fed’s path.

Rachel Meyers Tech rally feels shaky if oil keeps climbing on Hormuz tensions - that inflation math doesn't add up well for the Fed.

Video — YouTubeJon on Trump's Meme Assault on Canada & the Alternate Reality He's Constructed | The Daily ShowThe Daily Show · 8.3M views · Sep 9, 2026

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US Embassy in Havana warns of rising illnesses amid water, power crisis — Sep 4, 2026The U.S. embassy in Havana has issued a health alert reporting a rise in diarrheal and gastrointestinal illnesses across Cuba linked to deteriorating water and electricity infrastructure, a situation intensified by the Trump administration’s fuel blockade. UN-appointed human rights experts have called the sanctions a humanitarian crisis and urged vigilance, with officials advising residents and travelers to avoid improperly stored or perishable foods.

Tom Gallagher Blocking fuel supplies and then acting surprised that water treatment and power fail is a predictable outcome, not an accident.

Citadel pursues more US shale deals after losing $4 billion auction — Sep 4, 2026Citadel is expanding from trading into owning physical oil assets, engaging with private equity owners of oil-weighted exploration and production companies and among the bidders for WildFire Energy in the Eagle Ford, a bid that Magnolia Oil & Gas won for about $4.06 billion. The move reflects a broader appetite among hedge funds and trading houses to hold oil production assets to hedge and gain exposure amid elevated crude prices and geopolitical tensions that disrupt supply chains.

Elena Vasquez Losing a $4 billion auction and calling it "pursuing more deals" is a nice way to spin coming in second place.

Trump administration reviews California coastal authority amid new oil push — Sep 3, 2026The Trump administration is expanding its push to increase crude oil flows through California by launching a federal review of the state’s coastal management program, potentially curbing the California Coastal Commission’s authority on projects involving federal agencies. The effort includes plans for new offshore oil leases in California and Florida, revival of an idle pipeline after a major spill, and moves to permit fracking on an offshore platform, signaling a shift away from renewables.

Marcus Bell Fracking offshore instead of investing in renewables is the wrong direction for our energy future and the environment.

Two crew killed aboard Bahri tanker in Strait of Hormuz, cause unclear — Sep 2, 2026Two Filipino crew members were killed when Bahri's tanker Sidr was struck while transiting the Strait of Hormuz, with the company coordinating with authorities and offering condolences as it investigates the incident. The event highlights ongoing security risks at the strategic chokepoint, even as Bahri reports strong half-year profits driven by high freight rates amid rising regional tensions.

Milei Escalates Falklands Oil Dispute Amid Trump Review — Sep 2, 2026Argentina’s president Javier Milei is reviving the Falklands sovereignty dispute to capitalize on Donald Trump’s suggestion that the US may reconsider its stance, aiming to spur support as his approval rating slides ahead of next year’s election. Citing the issue as sacred to Argentines, Milei plans a televised address to outline diplomatic progress and reinforce the claim, while facing opposition from critics who accuse him of softening on the long-running dispute even as he maintains close ties with London.

Comstock strikes $1.65 billion SOCAR deal to cut debt in half — Sep 1, 2026Comstock Resources plans a $1.65 billion cash partnership with Azerbaijan’s SOCAR to sell non-operated interests in Legacy and Western Haynesville assets and a stake in Pinnacle Gas Services, aiming to reduce pro forma net debt from about $3.1 billion to $1.5 billion. Separately, a $450 million drilling venture funded by Jerry Jones will support further development of the Haynesville assets, with closing and definitive agreement targets by year-end 2026.

Tom Gallagher Cutting debt in half is huge for Comstock, curious what SOCAR gets long term from non-operated stakes in Haynesville.

Dollar climbs to multi-week high as Iran tensions push oil higher — Sep 1, 2026The U.S. dollar strengthened to multi-week highs as renewed U.S.-Iran hostilities lift oil prices and inflation concerns, with the dollar index hovering in the high 99s as markets price in potential Fed rate hikes amid rising yields. This dollar strength is shaping global markets by widening rate differentials, pressuring commodity currencies and economies like India’s rupee, while oil and energy-related tensions keep investors on edge.

Derek Foss Oil spikes, dollar strengthens, everyone else's currency eats the difference. Same pattern every time tensions flare up in the Middle East.

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Energy Sector

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