Brent crude jumped to $96 per barrel, according to Hyperliquid futures, while West Texas Intermediate (WTI) surged to $97. This twin development means higher realized prices plus stronger U.S. export demand.
But one key voice was missing from the celebration: Texas GulfLink's developer. Dallas-based Sentinel Midstream declined to comment on the administration's announcement, and didn't issue any press release for its politically ballyhooed project approval. Sentinel's silence was a symptom of a bigger disconnect in the gulf.What once was a race to build a series of deepwater terminals prior to the pandemic-including the involvement of household names such as Phillips 66 and Chevron-has now turned into silence over stalled projects that may never come to fruition.