Has Iranian Crude Lost Its Importance in the World’s Oil Supply Chain?
by Tsvetana Paraskova Of OilPrice.com Read morePersian Gulf Conflict Could Send Oil Beyond $325The reinstated U.S. blockade on Iranian oil…
Oil Prices
So Far in the Nearly Six Months of Conflict, It Has Been Clear That Every Fresh Escalation Has Backfired on Washington, As Iran Has Dug in Its Heels and Escalated Its Reaction
Trump’s ‘Delusional’… Iran strongly disagreed with Trump’s statements from Friday nite regarding the combat status and oil transit in the region,…
US Must Meet All Demands For The Hormuz Opening As Iran’s Military Command Reshuffles In Preparation For A “Hardline” Confrontation
Iran Sours Pakistan’s Hopes for Diplomatic Relations Early in the day, Pakistan spread hopeful rumors that the warring parties were…
The Race to Reopen Hormuz Is Getting More Intense As the Stress in the Global Supply Chain Continues to Be at Covid Levels.
The latest Bloomberg data show that shipping transits through the Strait of Hormuz remained largely disrupted Monday morning, even as…
As the unexpected oil drain surges to 6.1 million barrels—the most in two months—the US SPR falls below 300 million barrels functional limit. Trouble!!
On Monday, oil prices climbed on global markets due to concerns that a resolution to the impasse between Iran and…
We’ve Been Here Before…
By Bas van Geffen, senior macro strategist at Rabobank Phil Connors has woken up to another instance of the same…
Exxon, Chevron Issue Apocalyptic Warning About What Happens Next To Oil
by Tyler Durden Just about two months ago, JPMorgan did the math on “How Long Before The World Hits Crude…
World’s Top Oil Trader Is Now A Used Car Salesman
Vitol Group, the world’s largest independent oil-trading firm, has been startled by the prospects of peak oil demand as it…
WTI Holds Losses As US Distillates Stocks Reach 38-Year Highs
Oil prices are lower overnight after a surprisingly large crude inventory build reported by API. The energy complex was not helped by…
“We Are Moving Into The End-Game”: 27 Tankers Anchored Off California, Hundreds Off Singapore As Oil Industry Shuts Down
Back in the late fall of 2014, when Saudi Arabia broke up OPEC for the first time and unleashed a…