Energy Markets 11 February 2026 - 17 February 2026

Shell Plc Eyes Shenandoah Stake as Oil Shock Sends Majors Chasing Safer U.S. Barrels
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Shell Plc Eyes Shenandoah Stake as Oil Shock Sends Majors Chasing Safer U.S. Barrels

Shell is considering a bid for a 51% stake in the Shenandoah offshore oil field in the U.S. Gulf, sources said, as sellers Beacon Offshore and HEQ Deepwater seek buyers. The field began producing in July 2025 and hit 100,000 barrels per day within 75 days. Brent crude settled at $109.03 after Trump threatened more attacks on Iran. Initial bids for Shenandoah are expected in the coming weeks.
April 3, 2026
Brent crude price clings to $68 as OPEC+ April supply talk collides with U.S. inflation
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Brent crude price clings to $68 as OPEC+ April supply talk collides with U.S. inflation

Brent crude hovered near $68 a barrel Friday after a sharp drop, with traders watching for a possible OPEC+ supply hike and digesting weaker demand forecasts from the IEA. U.S. crude inventories rose by 8.5 million barrels last week. The U.S. eased some oil sanctions on Venezuela, granting licenses to major firms. Peace talks on Ukraine are set for next week, according to the Kremlin.
February 13, 2026
Oil jumps toward $70 as U.S.-Iran tensions outweigh surprise crude stock build
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Oil jumps toward $70 as U.S.-Iran tensions outweigh surprise crude stock build

Brent crude rose 1.77% to $70.02 a barrel and U.S. WTI climbed 1.89% to $65.17 on Wednesday, lifted by U.S.-Iran tensions despite an 8.5 million barrel surge in U.S. crude inventories. President Trump said he may send a second carrier to the Middle East as talks with Iran continue. OPEC projected lower demand for its crude in the second quarter. Traders await the IEA’s update Thursday and U.S. inflation data Friday.
February 11, 2026