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 among oil majors studying a 51% stake in the Shenandoah offshore field in the U.S. Gulf, sources familiar with the process said, as conflict-driven supply fears push buyers toward North American barrels. BP and TotalEnergies are also in the early mix, while Shell declined to comment. The timing matters. Brent settled at $109.03 a barrel and U.S. crude at $111.54 on Thursday after Trump vowed more attacks on Iran, and immediate U.S. crude for next-month delivery traded at a record premium to later barrels — a sign traders are paying up for near-term supply. Shell’s financial calendar shows a first-quarter update due on April 8, with full Q1 results scheduled for May 7.
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

London, Feb 13, 2026, 18:33 GMT — Regular session Brent crude hovered close to $68 a barrel on Friday, with traders caught between signals of a potential OPEC+ supply hike and softer U.S. inflation numbers, while war-risk fears continued to fade. By 1722 GMT, Brent had inched up 11 cents, or 0.16%, landing at $67.63 after dipping to $66.89 earlier in the session. U.S. West Texas Intermediate was unmoved at $62.84. Both benchmarks were on track for a weekly drop after Thursday’s decline. “Looks like inflation is stabilizing,” said Dennis Kissler, senior vice president of trading at BOK Financial, though he flagged that any additional OPEC supply could be “the negative.”
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

NEW YORK, Feb 11, 2026, 12:35 — Regular session Oil prices climbed nearly 2% Wednesday, boosted by escalating U.S.-Iran tensions, though a bigger-than-expected jump in U.S. crude stockpiles kept gains in check. Brent crude futures added $1.22, or 1.77%, hitting $70.02 a barrel by 11:47 a.m. ET. Meanwhile, U.S. West Texas Intermediate crude rose $1.21, or 1.89%, to $65.17. UBS analyst Giovanni Staunovo noted that prices are supported by tensions “although there has been no supply disruption so far,” while Mizuho’s Robert Yawger pointed out that U.S. production “came back with a vengeance.”
February 11, 2026