WS #14319
Oil prices fall as Gulf producers bypass Hormuz via ship-to-ship transfers and pipelines, while the US-Venezuela deal to refill the SPR adds bearish pressure on crude, benefiting airlines and consumers but pressuring energy equities. Ukraine plans to triple long-range drone strikes to 1,000/day, and Russia imports jet fuel due to refinery damage, supporting defense stocks and energy infrastructure names. Planned gas-fired power capacity tied to data centers nearly doubled in H1 2026, driving a natural gas revival and benefiting gas producers and turbine makers.
Oil supply counter-signal: Hormuz bypass and Venezuela deal
Oil prices fall as Gulf producers bypass Hormuz via ship-to-ship transfers and pipelines, while the US-Venezuela deal to refill the SPR adds bearish pressure on crude, benefiting airlines and consumers but pressuring energy equities.
Ukraine plans to triple long-range drone strikes to 1,000/day, and Russia imports jet fuel due to refinery damage, supporting defense stocks and energy infrastructure names.
Planned gas-fired power capacity tied to data centers nearly doubled in H1 2026, driving a natural gas revival and benefiting gas producers and turbine makers.