Oil Oversupply Narrative Is Dead
Oil’s oversupply story faltered after conflict around Iran put the Strait of Hormuz at risk. USO rose on September 30, while weaker Chinese imports and higher Nigerian production complicate the…
Tara Burke6 min read
oil supply
Tara Burke6 min read
Russian Oil Is No Longer an Easy Bargain for India
India’s Russian crude purchases fell sharply in August even as refinery maintenance stayed limited and fuel demand remained firm. Lower Russian exports, Black Sea shipping risks and rising Chinese buying…
Aaron Roberts6 min read
Hormuz Stalemate Raises Risk of Oil Prices Hitting $120
Oil prices are holding steady for now, but a closed Strait of Hormuz and shrinking global inventories have analysts warning of a sharp price spike within weeks.
Logan Ruiz4 min read
Shadow Oil Fleet Moves 4 Million Bpd Through Hormuz Strait
Oil fund USO jumps 2.77% as Gulf producers route over 4 million barrels a day around the Strait of Hormuz through a shadow tanker network built to dodge the Iran…
Logan Ruiz4 min read
UAE Changes Offshore Oil Pricing To Target Asian Buyers
ADNOC just repriced three offshore crude grades away from Murban and onto the Dubai benchmark, handing Asian refiners fresh leverage as oil supply rebounds through Hormuz.
Logan Ruiz4 min read
Gulf Oil Leak: How Crude Is Escaping the Strait of Hormuz
The United States Oil Fund (AMEX:USO) traded at 130.66 dollars on August 19, up 0.28 percent on the day, sitting comfortably inside its 52 week range of 102.42 to 142.33…
Trevor Harris3 min read
Saudi Reroutes Oil as Capacity and Security Limits Emerge
: Wait, formatting error introduced accidentally. Traffic through Hormuz has ticked up again, still described by ING analysts as running in single digits but higher than before. U.S. Energy Secretary…
Tara Burke3 min read
Strategic Petroleum Reserve Explained: What It Is and How It Works
Oil prices sit near yearly lows as the U.S. Strategic Petroleum Reserve remains half empty. Here's what that means for supply security and future price shocks.
Logan Ruiz4 min read
