Diesel Nears New All‑Time High, Trump May Trigger
If diesel rises another 17 cents, it will pass its all-time high. They said it couldn't be done, but Trump might do it https://t.co/BZjCIh8l7U
Aramco May Push OSP Release to June 7‑8
The V7, the group of 7 in OPEC+ will meet on June 7. Historically, they met earlier than the 5th of each month and Aramco issues its OSPs on the 5th. Reason? Two meetings are scheduled that day:...
V7 Lifts OPEC+ Output Ceiling by 188,000 Bpd
OPEC+ group of 7, which I call now "V7," decided to increase production ceiling by 188 kb/d. Link: https://t.co/ENROe7PQye https://t.co/5nt5jnaFhJ
Japan's Crude Shortage Forces Rare Mexican Purchases
Japan needs Canadian crude oil, but can’t get it. Why? There’s no additional export capacity. That’s why Japan is making rare purchases of crude from Mexico.
Trump's Hormuz Blockade Halts Kuwait's Oil Sales
Thanks to the Trump Administration’s blockade of the Strait of Hormuz, KUWAIT CANNOT SELL OIL. https://t.co/p41AG1m4AD
Libya's Oil Revenues Triple, Currency Gains 34% Amid Iran War
Since the start of the Iran war, Libya’s oil revenues have nearly TRIPLED, from $1 billion in February to $2.9 billion in April. Not surprisingly, in the Feb-April period, the Libyan dinar has appreciated by 34% vs. the USD. LIBYA = ONE...
Chinese Solar Exports Jump 125% Driven by Policy Rush
Chinese solar exports surge 125% on policy change rush, not underlying demand acceleration #energysky -- via pv magazine global: https://t.co/PP9hio1bem
Spare Capacity only Matters when Instantly Available, Says Energy Expert
Spare capacity is meaningless if it's not available on demand--and it never has been @m_schouten Remember the Ukraine War? Biden got major heat for using SPR. He did it because OPEC couldn't deliver. I'm getting weary of dealing with the bullshit...
Hormuz Closure Drives Further Oil Price Spikes
My take on oil price spikes with @MarioNawfal : "On March 29th, I predicted that we would have a spike in the price of oil at the end of April, and we did. If Hormuz stays shut for much longer, more...
Ignore Spare Capacity; Market Already Lost a Billion Barrels
Why obsess over “spare capacity” when the market has already lost ~1 billion barrels since the Iran war @m_schouten ? You’re treating a hangnail while the system is bleeding out. https://t.co/Ch2wZqDzda
Trump's Strike on Iran Oil Could Cripple Global Supply
Targeting Iran’s oil infrastructure could be Trump's decisive move, writes @HolmanJenkins Losing that supply is a structural hit to a tight global system with lasting fallout. https://t.co/nRhyrPO9q8 #OilMarkets #IranWar #EnergyIsTheEconomy #Macro #Commodities
April RKEquity Scoreboard Highlights Lithium, Rare Earths
Check out latest #RockStockRecap, which includes a detailed run through #RKEquity April scoreboards for lithium, rare earths and minor metal equities. #GoLongWhereMemoriesAreShort 👇👇
Brent Climbs to $108.17, Monday May See Drop
Brent futures price rose $2.82 from $105.33 to $108.17 week ending May 1 Downward price pressure is likely on Monday based on 12-month spreads #energy #OOTT #oilandgas #WTI #CrudeOil #fintwit #OPEC #Commodities #commoditiesmarket https://t.co/rTch11BKet
US Still Reliant on Persian Gulf Oil and Resources
Tell me again how the Persian Gulf does not impact the US? 8% of our oil imports (approx 250M bbls) comes through the Strait of Hormuz. The world is pulling WTI crude out of the US at record levels, along with refined...
Rural Angst Spikes as Democrats Gain Iowa Foothold
"The ratings reflect rural America’s economic angst amid rising fuel, fertilizer and other prices after a year of depressed commodity trade following President Trump’s embrace of tariffs."
U.S. Retail Electricity Prices Surge Ahead of CPI
American retail electricity prices are running very far ahead of CPI - striking report by Grace Fan featured on today's Chartbook Top Links in the comment below. https://t.co/JRfEtYTzPA
Rising Fuel Costs Threaten Spirit's Low‑cost Flights
You wonder what happened to Spirit Airlines? Kerosene prices doubled in the past 3 months… now poor and middle class Americans lost their low cost flight options. https://t.co/eKxpFeDYms
Oil Retraces 78% of Decline, Iran Drives May Outlook
$USOIL - At the intra week high crude oil retraced 78.6% of the decline from the March high to the April low but closed the week at 102.49. The price of oil in May will keep being determined solely by...
Yttrium Shortage Threatens Aircraft; US Seeks New Sources
Yttrium is obscure and only traded in the thousands of tons each year. But aircraft will fall out of the sky without it. China controls production and has exported very little to the US over the past year. That might...
Wind and Solar Slash EU Power Prices by 24%
The data is in. Between 2023-2025, wind and solar slashed EU wholesale power prices by 24.2% on average. In Spain, the cut was nearly 40% This isn't a forecast, it already happened Renewables are the only cure for gas price insanity https://t.co/g6plOs37y2
This Cycle Hinges on Duration, Not Breakout Shocks
Last cycle the market basically instantly unwound on the gasoline breakout + vice versa Very diff situation as it forced the Fed's hand et Having said that was curious the overlay, obv this cycle is more about duration/absolute levels vs say breakout/shock...
India Faces Imminent Fuel and LPG Price Hikes
🚨 ANOTHER BAD NEWS FOR INDIAN PUBLIC 🚨 Insiders say - Fuel prices are set to rise in India soon. Petrol and diesel will get expensive by ₹4-5 per litre. Domestic LPG prices may go up by ₹50 per cylinder. WAS THE GOVERNMENT...
Falling On‑Water Oil Stocks Threaten Five‑Year Low
The @IEA report Oil Market Report for 14 April highlights the issue of falling stocks on water. Fortunately, inventories are high, but the rate of decline can place these inventories below the levels of the past five years very...
Oil Crisis Deepens: Shrinking Stocks Guarantee Higher Prices
From the article in The Economist on "The crisis in oil markets will get bigger before it goes away: As stocks dwindle, further price rises are inevitable." #economy #oil #energy #markets @theeconomist
Strait of Hormuz Closure Cuts 10M Barrels Daily
According to the World Bank’s NEW Commodity Markets Outlook report, the closure of the Strait of Hormuz wiped out around ~10 MILLION BARRELS/DAY of global oil supply. This is the LARGEST DISRUPTION ON RECORD https://t.co/ERT2BN8SaZ
Foregone Gulf Oil Costs Exceed $60 Billion
Cost of foregone Gulf oil production alone—not counting LNG, fertilizer, helium supply chain consequences—is currently valued at $60+ billion.
Join Saturday 7 Am Talk on Rising Oil Prices
“Hi, would you be interested in joining us for a conversation about oil prices at 7am Saturday morning?” https://t.co/28SRRhRIua
Spot Oil Prices Outpace Futures as Timing Drives Gap
"WTI and Brent are near $100, but physical crude is way higher." Isn't that just a timing issue? Real-time oil is obviously going to be way more expensive than oil contracts expiring in 1-2 months.
US‑Iran Talks Stall, Oil Stocks Dip Another 100 M Barrels
Every weekend half my feed expects a sudden breakthrough in US-Iran negotiations and the other half expects a sharp resumption of bombings. Of course, the most likely outcome is that absolutely nothing changes and we do this again next week, down...
High LNG Prices Curb China's Imports, Freeing Supply Globally
Zero signal about China here China is a discretionary LNG importer. It can generate with dirtier domestic coal if needed. High prices generally mean lower imports. Helps globally -- China is freeing up LNG for folks...
Crude Prices Surge as Iran War Persists, UAE Exits OPEC
🛢️ OIL & IRAN WAR CONTEXT WEEKLY 🛢️ Crude prices climb amidst ongoing deadlocked diplomacy, the third month of the Iran War, breaching the billion lost barrel threshold, and the UAE announcing an abrupt departure from OPEC. Summary below, link to full...
Hormuz Closure Threatens Solar Aluminium Supply Chain
How the closure of the Strait of Hormuz affects solar aluminium sourcing #energysky -- via pv-tech: https://t.co/NvUU88jGsi
U.S. Navy Blockade Pushes Iran’s Oil to Sea Storage
US Naval Blockade Squeezes Iran's Oil Exports, Forces Crude Onto Floating Storage. What us the Navy doing if there us no war? https://t.co/IVew9eYx3o
War‑Fueled Oil Surge Boosts Exxon, Chevron Profits
Exxon, Chevron Beat Profit Estimates on War-Driven Oil Rally. Americans paying higher gas prices to feed corporate greed? https://t.co/tsjWhL6DSr
Great Lakes Gas Prices Surge to $4.43 Average
$4.43 average gas price right now - massive w/w gains in the Great Lakes.. $1 or more in some spots https://t.co/2ER5bwqoz3
Higher Oil Prices Will Cripple Demand, Stalling Rises
"no, oil prices won't rise because demand will be destroyed due to rising prices.." https://t.co/pBEj3OkRN5
July Brent Prompt Surges $9, Outpacing Weekly Gain
Prompt Brent crude weekly price gain: +$3/bbl July Brent, now the prompt contract weekly gain: +$9/bbl
Gasoline Crack Spreads Hit 2022 High Ahead of Summer
US gasoline crack spreads sitting at their highest level since 2022. Brent crude is currently going for ~$107.50 per barrel. New York Harbor gasoline going for $150 per barrel. And summer driving season is about to kick off. https://t.co/nFAPXdyFZx
China Still Dominates US Soybean Exports Despite Low Volumes
🇺🇸🇨🇳Even though China.... ✔️Didn't start buying until late October ✔️Has secured the smallest U.S. tonnage in 19 years .... it's still by FAR the leading destination for U.S. soybean exports so far in 2025/26, a reminder of how hard China is to replace...
Iran War Stalemate Fuels Oil Price Gamble
The bottom line is the Iran War is "stuck." No War (shooting) No Peace No Shipping No Crude Oil, LNG, Fertilizer, and/or Helium And it will stay "stuck" until circumstances change. The most likely change ... * The US/Israel restart kinetic attacks with the goal...
Renewables Shield Consumers From Fuel Price Volatility
Retail electricity prices are influenced by fuel volatility, transmission upgrades, grid maintenance, and utility rate structures. Natural gas price spikes, such as those seen in 2022, directly raised electricity costs in gas-dependent regions because fuel costs are passed through to...
Short‑term Oil Loss From Hormuz Can Be Offset
In the short-term and for a limited time, the losses of oil from the Straits of Hormuz can be made up. More at today's Chartbook Top Links: https://t.co/xfKk6k7sQC
Gas Prices Surge From $2.80 to Over $4.60
How to win friends and influence people: National average gas price is $4.39 today, but heading to $4.60-ish over the next week. Was $2.80 at the start of the year. https://t.co/WZder6FJCU
Venezuelan Oil Becomes Viable only Above $110/Barrel
what changed? Oil prices & global inventories At $60/barrel Venezuelan oil is too risky/unprofitable. At $110/barrel Venezuelan oil looks investable
Silver's Next 7-Year Low Predicted for Late 2029
$Silver - The next 7 year cycle low is due in late 2029, let's say in November 2029. No one in the silversphere thinks that silver is in a bear market which probably means that it is. The January top...
Commodities Reemerge as Strategic Assets Amid Bull Market
The Bloomberg Commodity Spot index continues to show impressive strength, even as both oil and gold continue to churn. And the secular bull market (per the CRB index below) also remains intact. In an increasingly fragmented world, commodities are become strategic...
Brent Prompt Price Shifts From June to July Contract
On the Brent futures contract roll: The "price" everyone typically talks about is the prompt Brent (or WTI) futures price (white on the chart), which is the nearest-dated monthly contract. In April that was set by the June contract (blue), now in...
Oil Market Will Need 2.7 MMbpd Surplus Post‑Hormuz
We're actually really going to *need* a supply glut after this end to fill in the hole left by Hormuz. Minimum 1 billion barrels lost, requires an *annual* surplus of 2.7 MMbpd to recover. And that assumes Hormuz reopens today, which it...
Meeting Maurine Haver Before Oil Price Blockade Talk
This is me with Maurine Haver at the Cornell Club yesterday before I’m about to present on oil prices and the Iran blockade to the Forecasters Club of NY. Maurine built Haver Analytics from scratch and is one of the...
Geopolitical Turmoil Directly Raises UK/EU Household Energy Bills
Me in FT today: “Given that around 80 per cent of UK and European energy still comes from fossil fuels and a large share of that is imported, every geopolitical shock becomes a household bill shock.” More below. https://t.co/qH7tYyZDBT