Energy Markets Daily

Wednesday, September 30, 2026 - LIVE DATA CORRECTED. CRUDE OIL: WTI rebounded $88.58-$91.96 range, trading ~$89.70-$91.27 (+0.22 to +2.62% various quotes). Oilprice $89.72 (+0.38%), Investing $90.67 (+1.44%), Yahoo $89.58 (+0.22%), Barchart $91.72 (+2.62%), WSJ $91.27 (+2.11%), CNBC open $89, high $91.96, low $88.58. Up ~5.7% past month, up ~47% YoY. Rebounded above $90 on diplomatic signals. BRENT: Sustained elevated $97.74-$99.03 range, trading ~$98.48-$99.03 (+2.4 to +2.98%). Trading Economics $98.70 (+2.64%), Yahoo $98.84 (+2.79% range $95.95-$99.22), MarketWatch $99.03 (+2.98%), Investing $97.74 prev $96.16, Barchart $98.66 (+2.60%), Moneycontrol open $95.82 high $98.93. Geopolitical premium embedded. DRIVERS: WTI rebound ~$90.64-$90.85 (+1.4-1.65% prior), Brent ~$98.48 (+2.4%). Iran received US proposal Hormuz reopening. ME exports recovered ~98% pre-disruption (partial, constrained). Diplomacy hopes tempering rally. INVENTORY: US crude build ~900k barrels (week ending Sep 25), diesel below average (Q4 concern). STRAIT HORMUZ: Effectively closed...

Tuesday, September 29, 2026. CRUDE OIL TECHNICALS: WTI 92.36-93.85 mid-$90s (mixed short-term trend, cautious recovery post-volatility). Support: daily pivot 92.50-92.90, 91-89.66, 88 (7-month resistance turned support), 87-85. Resistance: daily R1 94.28-94.91 (breakout threshold), R2 96.14 (prior high), R3 97.52, extensions 99-99.69, higher 102+. Patterns: bull flag 4H with breakout potential 99.69+. Price breaking above corrective bearish channel, testing daily pivots. Holding above 88 multi-month barrier. Indicators: MACD bullish pressure rising positive territory, RSI(14) neutral-rising (42-55 range, source variance), MAs mixed (bullish bias longer-term SMAs/EMAs, sell signals shorter). Scenarios: Bullish sustained hold 94-94.91 target 96.14-97.52 then 99.69-107 (Fib extensions). Bearish failure below 92.50-92.90 or breakdown 88-91 target 89.72, 88.25...

Friday, September 25, 2026. Uruguay: world leader renewable electricity, ~98% grid 2025 (13,040 GWh): hydro 46%, wind 34%, biomass 14%, solar 4%, fossil 2%. Export ~8% (hydro) Argentina/Brazil. Aug 2026 99.4% renewable: hydro 58% (record monthly 11-yr high), wind 28% (440 GWh), biomass 11.7%, solar 1.7%, fossil 0.6%. Installed ~4,900 MW: fossil ~1,200 MW (25% reserve), wind >1,500 MW (31%, ~1,000 private, ~500 UTE), hydro ~1,500 MW (balancing battery variable wind/solar), biomass ~400 MW, solar ~270 MW (growing). Hydro major: Salto Grande binational, Palmar/Constitución ~333 MW, Rincón del Bonete, Baygorria, modernization ongoing, balancing mechanism. Wind global leader (Denmark/Ireland/Germany comparable penetration): ~1,500-1,525 MW stable, historical surpassed hydro (hydrological dependent), limited near-term UTE additions (2032+ focus), hybrid/offshore green hydrogen discussed long-term. Solar expanding: new projects ~100+ MW...

Thursday, September 24, 2026. Iceland: global geothermal leader, ~65% primary energy, ~30% electricity, ~90% heat district. Installed capacity ~785-808 MW nine plants (>0.5 MW), +22 MW Svartsengi end-2025. Major plants: Hellisheiði ~303 MW (ON Power/Reykjavík), Nesjavellir 120 MW (ON Power), Reykjanes 100-130 MW (HS Orka), Þeistareykir 90 MW (Landsvirkjun), Svartsengi ~76 MW (HS Orka), Krafla 60 MW (Landsvirkjun), Bjarnarflag ~5 MW. Electricity ~6 TWh/yr (6,000 GWh 2023, 5,651 GWh 2025) ~30% national. Aug 2026 99.4% renewable: hydro 58% (record 11-yr high), wind 28%, biomass 11.7%, solar 1.7%, fossil 0.6%. Direct-use heat 90% homes district heating ~36,335 TJ (~10,093 GWh_th) 2023, households/services/fish/aquaculture/industrial. Geothermal 65% primary energy, per-capita global leader (9th total worldwide). Expansions: Bolaalda 100 MW_e +133 MW_th s. Iceland parliament approval mid-2026. IDD...

Wednesday, September 23, 2026. Greenland: zero crude production, zero gas production, pursuing renewable energy transition. Grid >70% hydroelectric, minimal fossil. Target 100% renewable 2030. 2021 moratorium new petroleum licenses (climate goals). Single active oil license: Jameson Land Basin (Nunap Qeqqa). Operator: Greenland Energy Company (NASDAQ: GLND via SPAC merger) / 80 Mile PLC (White Flame Energy subsidiary) JV. Greenland targeting up to 70% working interest, 80 Mile 30%. Basin described one world's last major undrilled onshore Arctic, North Sea geological links. Historical ARCO efforts, >$275M (inflation-adj) prior industry investment decades. Prospective resource ~13B barrels gross un-risked (58 prospects, substantial risk). Phase 1 drilling OPW-1/OPW-6 (~3,500m depth each), ~$40M first well, ~$20M second...

Tuesday, September 22, 2026. Alaska: leading US oil producer. July 2026 statewide ~14.113M barrels (~455k bpd). FY2026 ANS forecast 459.2k bpd, total ~466.8k bpd. June ~414.3k bpd (seasonal MoM decline). July ~456k bpd (+2% MoM). EIA calendar 2026 forecast ~477k bpd (13% growth, largest annual increase decades). FY2027 projected 518.5k bpd. Pikka (Santos/Repsol) first oil spring/Q2 2026, Phase 1 ~80k bpd ramp, major ANS growth contributor. Willow (ConocoPhillips) FY2029. Fields FY2026: Prudhoe Bay core ~181.5k bpd (long-term decline, drilling/workovers/infill offset), satellites (Aurora/Milne Point/Polaris/GPMA) ~107.3k bpd combined, Kuparuk/others substantial, Cook Inlet ~7.6k bpd. Prudhoe Bay operator Hilcorp, 2026 Omega Pad expansion, drilling...

Monday, September 21, 2026. CRUDE OIL: WTI pulled back ~96.08 pre-market (range $94.8-$101+), down from recent Sep 18 ~$100.30 (-1.58%), Sep 17 ~$101.91, Sep 16 ~$102.43 (high $105.63). Broad rally from $82-87 (Aug 20-31) to $90-100+ (early-mid Sep). Brent Sep 20 ~$99.29, recent Sep 18 ~$103.87 (-0.9%), Sep 17 ~$104.82 (-0.95%), earlier Sep 14-16 peaks $105-108. WTI-Brent spread ~$3 Brent premium. Prices fell 3rd session easing supply fears (Saudi pipeline partial restoration days-weeks timelines, extra cargoes offered), remain >$100. Primary driver: Middle East recovery narrative. Brent influenced by Middle East events/Hormuz chokepoint/Saudi export infrastructure. Saudi East-West pipeline damage (drone/Houthi attacks), partial restoration expected days-weeks. Reduced Hormuz traffic, alternative routing advancing. Saudi-Houthi escalation risks, cross-border strikes...

Friday, September 19, 2026. Vietnam: declining domestic crude ~8.2M tonnes annually, Jan-Apr 2026 2.9M tonnes (+14.4% YoY, field depletion). Oil imports Jan-Apr 2026 3.8M tonnes (-23%, Kuwait down sharply, diversifying). Crude sources: domestic/US (ExxonMobil/Chevron)/West Africa/Russia (ESPO/Sokol). Gas production ~8 bcm 2025, target >20 bcm 2034 (Ca Voi Xanh/Block B). Upstream market USD 2.82B 2025, projected USD 3.91B 2031 (CAGR 5.57%). LNG scaling: Thi Vai (PV GAS) 1 mtpa current (expanding 3 mtpa, 1.5 GW power supply), pursuing 2nd 5-yr contract 250k-450k Mt (Thi Vai, Jan 2027 start post-Shell 2027-2031), Cai Mep (Hai Linh) 3 mtpa operating fully commissioned ramped (ownership→Nebula/AG&P), Hai Lang 1.5 mtpa, Quynh Lap 1.15 mtpa (construction Ma...

Thursday, September 18, 2026. Slovenia: zero domestic crude production zero bpd, zero gas production, entirely import-dependent (52% energy dependency). Oil consumption ~4.4-4.5M tonnes annually, sources Saudi Arabia (27% 2025), Italy, Greece, ~36% total energy consumption. Gas ~1 bcm annually all imported Russia/others. Refining zero (closed 1998-2001 Lendava refinery). Product imports ~4.4M tonnes. Retail fuel: Petrol (largest) + MOL/INA ~81% combined market. 2026 supply disruptions Iran conflict/cross-border stockpiling → 50L/day purchase limits. Hungary-Slovenia-Italy interconnector gas pipeline: ~1.24 bcm/yr capacity, 2026 commissioning, diversify away Russian gas. LNG: Croatia Krk terminal capacity booking 2027+. Renewables ~25% gross final consumption 2024 (25.1% 2023), trajectory 28.4% 2025, 30.2% 2027, 33% target 2030. Electricity mix recent 2025-26: nuclear 40%, hydro 25%, solar >10%, fossils 20%, low-carbon 79%. RES electricity: 6,254 GW...

Wednesday, September 17, 2026. Panama: zero domestic crude production zero bpd, zero gas production, zero refining capacity (closed 2003). Import dependent all products (~3.6M tonnes 2024, 64-68% final/primary consumption). Trans-Panama Pipeline: 131 km, 36-40" diameter, Chiriquí Grande (Caribbean) to Charco Azul (Pacific), 860k bpd capacity, interoceanic bypass, VLCC overflow route, ~10M barrels/month. Sept 2026: Panama completed 100% ownership acquisition Petroterminal de Panamá (PTP) operator, ~191.7M dollar investment. Panama Canal Q2 2026: ~3.2M bpd crude/condensate/products (94% petroleum ~3M bpd), ~600 Mcf/d LNG. Sept 2026 drought restrictions: 34 vessels/day early Sept, 32 starting Sept 15 (9 Neopanamax+23 Panamax), 34% rainfall below normal May-Aug (El Niño). Canal normally 36-40 transits/day unrestricted. Rec...

Tuesday, September 15, 2026. CRUDE OIL TECHNICALS: WTI ~$101.34 (+0.98%), rally from low $80s Aug to $100-$103 zone. Bias: bullish above key levels, consolidation/decision point. Resistance: $103-$105 (immediate), $107-$108 (next upside target), $113 (cycle high strong bullish), $116-$120 (major extension if disruptions intensify). Support: $98.50-$100 (near-term holds bullish), $95.48 (61.8% Fib first pullback), $90-$92.50 (demand band 50% Fib ~$90 Elliott Wave critical break reversal risk), $85-$88 (medium-term 100-day SMA ~$85.38 July ~$94), $84.59/$77.86/~$67 (deeper). Indicators: RSI(14) 71.68 (overbought/sell), MACD +4.63 (buy), oscillators 6 sell/1 neutral/3 buy (sell bias), MA strong buy 12 buy signals (bullish trend), candlesticks mix bearish daily (Deliberation/Doji/Engulfing) bullish shorter, ADX buy strong momentum. Overall: bullish trend but short-term...

Monday, September 14, 2026. CRUDE OIL UPDATE: WTI surging to $102+ range (late session quotes $102.29-$102.55 up 2.23-2.50%). Brent breakout above $107 ($106.91-$108 range), +2% daily, +17-18% month, +58-59% YoY, first time above $100 since July. WTI-Brent spread widening $5-9/bbl premium to Brent signals Hormuz severity. Primary driver: US-Iran conflict seven months, Strait Hormuz effectively closed (normally 15-20M bpd 20% global consumption). Current: ~3 commercial arrivals/day (~4% pre-crisis 74/day baseline), oil flows near-zero, day 198 disruption, war-risk insurance 15x peacetime. Sep 13: Iran commercial vessel struck Qeshm Island (1 fatality, injuries), regional Oman talks indefinitely postponed, vessel transits single-digits 7-10/day vs pre-war 130+, US military facilitated cumulative 1,600+ vessels recent...

Friday, September 11, 2026. Belarus: marginal crude producer (2.0M tonnes annually, ~25k bpd, plans 2.1M 2026, 2.3M 2030); Belorusneft main producer, Russian subsidiary Yangpur 1M+ tonnes/yr; 96 fields, 194.5M tonnes recoverable, 531 wells planned 2026-2030; APG 219M m³ 2024. Refining dominance: Naftan/Mozyr 24M tonnes/yr capacity, 95-97% depth at Naftan. Record 2026 profitability: fuel exports to Russia surge (gasoline 25x first 7mo to 665k tonnes, diesel 7x to 418k tonnes, July record 212k gasoline/162k diesel rail). Russian refinery outages (Ukrainian drone strikes -25-30% capacity) create opportunity. Domestic sales 4.125M tonnes 2025. Gas import dependency 100% from Russia (~17B m³ 2025, down from higher levels via nuclear shift); pe...

Thursday, September 10, 2026. Nevada remains marginal oil/gas producer (172k bbl 2025 down from 177k 2024, 207k 2023; historical peak 4M bbl 1990) with zero in-state refining capacity (only asphalt 1,600 bpd). Federal production 2016-2025: 2.4M bbl oil, 45M cf gas (

Wednesday, September 9, 2026. CRUDE OIL UPDATE: WTI trading near $93-$94/bbl testing $95 resistance. Sep 8 close Oct 2026 contract $93.50-$93.62 (+1.1-2.3% day), intraday highs $94.73, spot $92.36-$93.66. Strong early Sep momentum low-to-mid $80s late Aug to low-to-mid $90s. 1-2%+ daily gains volatility. 52-week ~$55-$119 currently upper third. +48-50% YoY from ~$62. Drivers: US-Iran conflict heightened (tanker strikes, Iranian Strait statements), supply disruption risks Middle East, ~10% prior week rally. Technical: near/testing $95 WTI/$100 Brent resistance, potential upside sustained geopolitical, ascending triangles noted. INVENTORY (EIA Aug 28 Released Sep 2): Commercial crude 424.5M down 4.5 (~1% above avg); SPR 286.6M down 3.1 sharply YoY; total US crude ~711.1M down ~7.6; gasoline 205.7M down 1.2 (6...

Tuesday, September 8, 2026. CRUDE OIL TECHNICALS. WTI crude trading near $92 to $93 per barrel. Testing key resistance. Price action September 7 close around $90 to $92.29. Consolidating near $90 after earlier gains. Bullish structure above moving averages. Ascending channel since late August. Support levels: $92.47 (50% Fib critical), $91.00-$91.04 (100-hr/ST MA), $88.01/$86.40-$86.99 (38.2%/50% Fib/channel mid), $85.21-$85.96 (100-day SMA), $84.79/$82.26 (61.8% Fib). Resistance: $93.50 (immediate major ST resistance June highs), $92.67-$93.22 (near-term 1.618 Fib ext/channel top), $97.00 (June 3 swing high), $98.41-$98.48 (61.8%/78.6% Fib), $100+ (psychological/LT targets). Momentum: RSI 14 (60-70 bullish but overbought threshold), MACD (positive histogram expanding), Stochastic (overbought ~89 possible exhaustion/pullback). Pivot points daily: pivot ~$90.79, R1 ~$92.49-$92.86, R2 ~$94.24, R3 ~$96.31, S1 ~$89.41, S2 ~$87.34, S3 ~$85.96...

Friday, September 4, 2026. COSTA RICA ENERGY PROFILE. OIL AND NATURAL GAS: Costa Rica reports no proven oil reserves, produces only ~400 b/d petroleum liquids (unchanged YoY 2025; zero crude/NGPL). Oil consumption ~65k b/d 2024 (large deficit entirely imports); production covers

Thursday, September 3, 2026. YEMEN OIL AND GAS PROFILE. RESERVES: Oil reserves consistently estimated at ~3 billion barrels (Masila, Marib/Sab'atayn, Shabwa basins), stable since ~2009, ranking ~27th globally. Natural gas reserves ~478.55 BCM (~16.9-17 TCF), ranking ~33rd globally (~0.22% world total), sufficient for >500 years at current rates. PRODUCTION: Oil production 2024-25 averaged ~19k-22k bpd (IMF/EII), down sharply from ~439k bpd early 2000s, ~50k+ bpd 2024 some trackers. IMF baseline ~19k bpd 2025 rising ~19.5k 2026, 20k 2027; other estimates current domestic-focused ~20k bpd or lower (7-10k bpd S&P Global recent years). Export resumption government aims ~60k bpd upon restart (~40k bpd export potential after ~20k...

Wednesday, September 2, 2026. CRUDE OIL SPIKE. September 2, 2026: Closed at approximately $89.39 USD per barrel. Open: approximately $89.24. High: approximately $89.61. Low: approximately $89.22. Change: plus 0.1754 percent. September 1, 2026 futures (front month/Oct contract): Settlement around $90.22-$90.68 USD (various sources including MarketWatch, WSJ, Trading Economics); intraday gains noted amid market moves. September 1, 2026 spot/futures close: approximately $89.37-$89.44 USD. August 31, 2026: Spot/futures around $85.43-$85.76 USD. August 25-28, 2026 range: Spot prices approximately $82.23-$83.90 USD. FRED/EIA WTI Cushing spot (latest available as of searches): Up to Aug 25, 2026 at $83.90 USD (daily series lags; next update expected around Sep 2). Weekly/monthly benchmarks: Earlier July–Aug 2026 WTI around $80-$85+ USD, with volatility. NA...

Tuesday, September 1, 2026. CRUDE OIL TECHNICALS: Price context ~$84.90-$86.29 recently (e.g., 85.63 one platform), intraday ranges 84.13-86.78. RSI14 ~54.9-58 neutral-to-buy signal; some 57-62 shorter timeframes showing rising momentum or sideways ~50-62. MACD12/26 positive/buy signals multiple sources (e.g., +0.65 or rising positive territory 4H); one daily +0.80 with mixed oscillators. Moving averages strong buy on daily timeframe (8-11 buy vs. fewer sells); shorter MAs 5/10-day often sell/mixed, 20/50/100/200-day mostly buy. Specific MAs approximate recent: MA5 ~86.0 sell/mixed, MA10 ~85.9 sell/mixed, MA20 ~85.2 buy, MA50 ~83.9 buy, MA100 ~82.8 buy, MA200 ~83.5-84.2 buy. Barchart Sep26 futures 5-day MA 85.10, 20-day 82.30, 50-day 78.63, 100-day 81.69, 200-day 72.46; 14-day RSI/stochastic 60...

Monday, August 31, 2026. WEEK 35 OPENS. CRUDE OIL UPDATE: August 28, 2026 $83.40 (open ~$83.67, high ~$83.78, low ~$82.25; volume ~142K). August 29, 2026 No trading data available (weekend/non-trading day; markets typically closed). August 30, 2026 $84.81 (open ~$84.60, high ~$85.68, low ~$84.60). August 31, 2026 Limited or no finalized settlement data available yet (current/recent trading day as of Aug 31; intraday or spot quotes around ~$84-85 in some feeds, but not confirmed daily close in historical tables). Notes These are primarily front-month futures settlement prices, standard benchmark for WTI crude oil quotes; spot prices (e.g., Cushing, OK) may vary slightly and often reported with lag. Context Weekend dates (e.g., Aug 29) have no futures trading...

Friday, August 28, 2026. OMAN ENERGY PROFILE: Oman's oil and natural gas production showed notable growth in first half of 2026, driven by higher output, stable exports, and project developments. OIL PRODUCTION: H1 2026 (Jan–Jun) Total oil production reached 198.01 million barrels, up 10.6% YoY from 179.05 million barrels in H1 2025. Average daily oil production in H1 2026 Nearly 1.1 million barrels per day (bpd), up more than 10% from 989,200 bpd in H1 2025; peak monthly average was 1.172 million bpd in May. First five months of 2026 (Jan–May) Total oil production of 163.6 million barrels, up 9.7% YoY; average daily output ~1.08 million bpd (vs. 987,600 bpd prior year). April 2026 Crude oil production at 1,071,000 bbl...

Thursday, August 27, 2026. TUNISIA ENERGY PROFILE: Tunisia's oil and natural gas production in 2026 shows continued decline amid rising import dependence. OIL PRODUCTION: Oil production declined to ~1.4 million tonnes (Mt) in 2025 after 2021 rebound, continuing long-term downward trend of ~6%/year since 2007. Crude oil output reached 489,000 tonnes to end-May 2026 (-7% YoY), with daily average production at 25.3 thousand barrels per day (kb/d), down from 26.7 kb/d prior year. 2026 estimates put crude oil production at ~27,700 b/d (valued at ~$789 million annually at $78/bbl). Crude oil production was ~25 kb/d as of April 2026 (stable month-on-month per EIA-linked data). Energy independence fell to 34% by end-June 2026 (down from 38...

Wednesday, August 26, 2026. QUEBEC ENERGY PROFILE: Quebec has effectively no oil or natural gas production due to 2022 provincial ban on exploration and extraction; province relies on imports. LEGISLATIVE BAN: Quebec's 2022 law (Bill 21 / Act ending exploration for petroleum...) permanently bans oil, gas, and brine exploration/production; remains in effect unless repealed or amended. NO COMMERCIAL PRODUCTION: Quebec has significant untapped hydrocarbon resources (e.g., St. Lawrence Lowlands, Gaspé Peninsula) but no meaningful commercial oil or natural gas output due to ban, technical, environmental, and political barriers. IMPORT RELIANCE: Province imports nearly all its natural gas; ban ensures continued dependence on external supply. P...

Tuesday, August 25, 2026. CRUDE OIL TECHNICALS: Current price context Latest ~$85.62 (down ~1.65% on day); intraday range ~$84.71-$86.56; Aug 24 reference/closing levels around $85.23. RSI(14) 46.691 — Neutral (neither overbought >70 nor oversold

Monday, August 24, 2026. WEEK 34 OPENS. CRUDE OIL UPDATE: WTI at $85.42-$85.66 as of Aug 24 (intraday or close); one live update $84.97 spot with range $84.89-$86.15. Aug 21 futures close ~$87.06; spot/futures references ~$86.34-$86.76 (one source lists $86.66-$86.76). Aug 20 futures close ~$86.83; other references ~$85.97-$87.83. Aug 23 ~$85.79-$86.02 (daily range examples: low ~$85.78, high ~$86.14 or $86.56). Aug 19 ~$84.08-$84.39. Aug 18 ~$84.06-$84.38. Aug 17 ~$84.01-$84.50. Aug 14 ~$81.53-$82.40. GuruFocus oil price (WTI futures proxy) on/around Aug 21 $86.76 (down ~1.22% from prior day). YCharts WTI spot (Aug 20) $89.75 (noted as potentially higher/outlier vs. other benchmarks). Twelve Data WTI/USD (Aug 24 close example) ~$84.97. FRED/EIA WTI spot references (weekly/daily, e.g., around mid-August) ~$83.99-$86.48...

Friday, August 21, 2026. SRI LANKA ENERGY PROFILE: Sri Lanka is actively advancing oil and gas exploration (primarily in Mannar Basin) while pursuing critical minerals development (notably graphite and mineral sands) and renewable energy goals, with 2025-2026 marking renewed licensing and investment efforts. MANNAR BASIN OIL/GAS LICENSING: Licensing round (Sri Lanka plans to invite international bids in August 2026 for upstream petroleum development, exploration and extraction of gas and oil, in four blocks of Mannar Basin). Past discoveries and reserves (Cairn Lanka, Indian subsidiary, drilled wells in 2011 confirming natural gas in Barracuda and Dorado fields in Mannar Basin; overall offshore basins—Mannar, Ca...

Thursday, August 20, 2026. ARIZONA ENERGY PROFILE: Arizona has negligible oil and natural gas production, with no significant proved reserves and output that is minimal or often zero in recent monthly data. CRUDE OIL PRODUCTION: Production levels (EIA monthly data shows Arizona field production typically at 0-1 thousand barrels per month in 2024-2026; e.g., 2024 and 2025 mostly 0-1; early 2026: Jan/Feb/May 0, Mar/Apr 1; annual totals in low thousands of barrels or less). Historical context (main producing area is Dineh-bi-Keyah field, Apache County, on Navajo Nation land, produced ~19 million barrels total since 1967, peak output far higher than current levels, now around 12,000 barrels...

Wednesday, August 19, 2026. URUGUAY ENERGY PROFILE: Uruguay has negligible domestic oil and natural gas production as of 2025-2026 and relies almost entirely on imports for fossil fuels. Exploratory drilling for offshore oil and gas is scheduled to begin in 2026, but commercial production is not expected in the near term (likely years away even with discoveries). CURRENT PRODUCTION: Oil production about 1,411.6 barrels per day of oil and petroleum liquids in 2025 (down 1.8% YoY), ranking #104 globally; essentially no crude oil production (0 bpd reported). No proven oil reserves (Worldometers and other trackers report no proven oil reserves for Uruguay). No natural gas production (Uruguay produces...

Tuesday, August 18, 2026. CRUDE OIL TECHNICALS: Investing.com (Aug 18 update) Overall Strong Buy signal; moving averages showed 11 Buy vs. 1 Sell; technical indicators unanimously Strong Buy (8/0). Barchart (Aug 17 technical analysis for Sep '26) Price closed higher (~84.61, +2.21 or +2.68% intraday in one snapshot); 5-day average ~82.90; 20-day ~82.53, with positive momentum noted. Economies.com (Aug 17 analyses) Crude oil fluctuated but held early gains with positive support from trading above key levels; preparation to resume upward moves on strong technical support after minor intraday dips. OneUpTrader (Aug 17 analysis) WTI erased early-August declines and returned to recurring 82-83 pivot zone; key resistance at 83.04 (session high/pivot); support at 81.50...

Monday, August 17, 2026. WEEK 33 OPENS. CRUDE OIL UPDATE: WTI at $82.09, down 0.38% from prior day per CFD/benchmark report; another note indicated rise toward $82.44 amid market movements. Aug 16 around $82.08 (delayed quote/settlement reference); one historical table listed 81.52 with -1.07% change; intraday trading referenced opens near $82.53 and ranges in low $82s. Aug 14 settlement $82.40 (up 1.42%). Aug 13 $81.25 settlement (down 2.43%). Front-month WTI futures CLU26 Sep 2026 traded on NYMEX. NATURAL GAS UPDATE: Aug 11 spot (latest reported) $2.79 (up from $2.72 on Aug 10). Earlier Aug: Aug 7 ~$2.56; Aug 6/5 ~$2.60; Aug 4 ~$2.74. CME Henry Hub futures (mid-Aug 2026) trading around $2.66-$2.72 on Aug 16, 2026, with daily changes roughly -0.4% to -2.7%. Broader natural gas (CFD tracking...

Friday, August 15, 2026. ZIMBABWE ENERGY PROFILE: Zimbabwe's 2026 developments in energy, oil/gas, mining, and lithium focus on a lithium export and processing boom alongside early-stage oil/gas exploration, supported by policy shifts toward local beneficiation and foreign (especially Chinese) investment. LITHIUM BOOM: Export earnings $782 million in first six months of 2026 (more than triple the $237 million from prior comparable period). Global position: Accounted for nearly 10% of global lithium production in 2025; leads African output. Major operations: Bikita Minerals (Sinomine), Arcadia (Huayou Cobalt/Prospect Lithium), Kamativi (Yahua), Sabi Star, Sandawana; Chinese firms invested over $1 billion since 2021. Processing plants: Huayou's lithium sulphate production at Arcadia...

Thursday, August 14, 2026. WASHINGTON STATE ENERGY PROFILE: Washington state has no meaningful in-state crude oil or natural gas production. No crude oil production: Zero commercial production since early 1960s; exploration dating back to 1900 yielded only negligible amounts. No natural gas production: State produces none; nearly all natural gas consumed is imported, primarily from Canada. Refining capacity: Fifth-largest crude oil refining capacity in U.S. (five refineries processing ~650,000 barrels per day), but all crude is imported (historically from Alaska, now increasingly via pipeline from Canada or rail from other U.S. regions). Natural gas consumption: Mainly for power generation, heating, and industry...

Wednesday, August 13, 2026. CRUDE OIL UPDATE: WTI Sep 2026 futures trading $82.10-$83.38; recent trade $83.10 +0.97 on Aug 11 data; settlement/open levels $82.25-$82.88; up ~1%+ intraday in some sessions. WTI Aug 2026 futures ~$84.91. Oct 2026 ~$81.06-$81.52. Nov 2026 ~$79.76. Recent spot/WTI prices (early Aug 2026) around $78-$82 range; examples include ~$81.96 on Aug 3; ~$78.16-$78.78 in early/mid-August; decline to ~$77.11 on Aug 4. EIA Short-Term Energy Outlook (Aug 2026): Brent spot forecast averaging ~$85/bbl in Q3 2026 (WTI typically trades at discount to Brent); 2027 average ~$69. Bloomberg energy snapshot (Aug 11): WTI ~$83.05-$83.45 (Aug/Sep 2026 contracts); Brent ~$88.71 (Sep 2026). Recent opens/closes: WTI futures opened ~$78.31 on Aug 7; ~$77.74 on Aug 10; recent closes/settlements in low-to-mid $82 area on Aug 10...

Tuesday, August 12, 2026. CRUDE OIL TECHNICALS: WTI trading around $82.38, up 0.30%. Daily range $81.99-$82.50. Technical summary: Overall Strong Buy. Moving averages Strong Buy (12 buy, 0 sell). Technical indicators Strong Buy (7 buy, 0 sell). All major moving average periods (MA5, MA10, MA20, MA50, MA100, MA200) showing buy signals. Indicators: RSI(14) at 77.6 (overbought); Stochastic overbought; MACD buy; ADX buy; CCI buy; several others neutral to buy. Pivot points: $82.21 pivot; support $81.83-$82.02; resistance $82.40-$82.59. Recent action: Sharp 4% drop on Aug 4 to $77.11 on US-Iran diplomatic news; recovered toward $80-$82 zone. Key support: Psychological $75 major zone; 200-day MA near $78 as dynamic support. Key resistance: $80 (prior support turned resistance); 50-day...

Monday, August 11, 2026. CRUDE OIL UPDATE: WTI Sep 2026 futures trading $77 to $78.18, up 0.89 or 1.15%. Day range $76.53-$78.77. Volume 206K. Oct 2026 around $76.10-$77.15. Brent reference $87.38/bbl. Technical: Overall Strong Buy driven by moving averages (Strong Buy on 10/12 signals); oscillators mixed/neutral to buy. MA5 values around $78.46-$78.59 showing buy signals. Elliott Wave: WTI plunged for a second week amid hopes of a deal to reopen the Hormuz Strait. Daily analysis: Downtrend with suggested sell level at $80 targeting $73. J.P. Morgan forecast: Brent expected to average $86/bbl in Q3 2026, $80 in Q4, $78 by year-end. Futures curve: Mild contango (Sep > Oct > later months declining toward ~$60s...

Friday, August 8, 2026. HAWAII: ONE HUNDRED PERCENT RENEWABLE BY 2045. Hawaii has no domestic oil or natural gas. Imports everything. One refinery in Kapolei. 94,000 barrels per day capacity. Tankers bring the rest. But the state is executing the most aggressive renewable transition in America. THE MANDATE: 2015 legislation set binding 100% renewable electricity by 2045. Hawaii was first state in the nation to do it. Now accelerating. 2024 PERFORMANCE: Hawaiian Electric consolidated renewable portfolio standard reached 35.8%. Oahu 30.8%. Maui County 41.1%. Hawaii Island 58.7%. Ahead of targets. GOVERNOR'S ACTIONS: Executive Order accelerating renewables. 100% renewable electricity for most islands by 2035. Solar tax credits preserved for 2026 via Executive Order 26-02. SOLAR...

Thursday, August 7, 2026. VIETNAM: THE LNG PIVOT. Vietnam is transitioning from domestic oil and gas decline to LNG imports. The strategy is clear: build LNG infrastructure to fuel power generation and support double-digit economic growth. SON MY LNG TERMINAL: PV Gas and AES Corporation joint venture. Investment certificate granted. 450 TBtu capacity. $1.4 billion investment. Commercial operations targeted for 2026. Supplies southern Vietnam. Diversifies the energy mix. UPSTREAM PRODUCTION: White Tiger Block 16-1 and Rong Ca Ngu Vang Block 09-2 drilling underway. New wells targeted for 2026. Offsetting natural production declines. PTTEP partnership with Thailand. First gas from Block B gas-to-power chain targeted for 2027. GAS...

Wednesday, August 6, 2026. GEORGIA: THE CAUCASUS ENERGY CORRIDOR. Georgia sits at the crossroads of Caspian energy flows. Two critical pipelines: Baku-Tbilisi-Ceyhan (BTC) oil pipeline and South Caucasus Pipeline (SCP) for gas. BTC: 1,768 km crude oil transit from Azerbaijan to Turkey. BP transferred operatorship to SOCAR effective July 1, 2026. Throughput declining: H1 2025 saw 13.9 million tons; early 2026 dropped 33% year-over-year. Caspian export dynamics tightening. SCP GAS PIPELINE: Shah Deniz consortium gas flows through Georgia to Turkey. Georgia receives transit fees plus 5% offtake and preferential purchases. Strategic leverage. GEORGIA'S IMPORTS: Total consumption 3.2 billion cubic meters. 2026 imports projected at 3.34 billion cubic meters. Azerbaijan dominates. Gazprom volumes surged 40.4...

Tuesday, August 4, 2026. CRUDE OIL TECHNICALS: WTI closed Aug 3 near $79.59 (sharp daily decline). Aug 2026 contract CLQ26 at $84.91-$84.99 (strong buy signal per Barchart). Technical summary: Overall Buy/Strong Buy (6 buy signals, 1 sell); Neutral on moving averages (6 buy, 6 sell). Shorter-term MA5/10/20 showing buy signals near $79.60-$80.30; longer-term MA50/100/200 sell signals near $81.50-$83.40. Indicators: RSI 14 neutral at 47.5; STOCH buy; MACD sell; overbought readings (STOCHRSI, Williams %R); CCI bullish. Pivot points: Support S1 $79.71, S2 $79.01, S3 $78.55; Pivot $80.17; Resistance R1 $80.87, R2 $81.33, R3 $82.03. Short-term bearish tilt: 4H chart gap down, declining MACD (bearish momentum), RSI 39, falling MFI, price below VWAP/SMA20. Trading plan: Shorts below $78.42 targeting $76 and $74...