New Fortress Energy Inc. Series A Mandatorily Convertible Preferred Stock is exploding higher as the energy sector reacts to a significant tightening in global supply. The move follows a sharp rise in crude oil prices, which reached 105.49 USD per barrel on September 15, 2026, marking a 4.04 percent increase from the previous day and a 63.50 percent gain compared to the same time last year. This rally is underpinned by the IEA cutting its 2026 global oil supply outlook by 1.4 million barrels per day, further intensifying the focus on energy security amid ongoing geopolitical conflicts.