Only Eight Hormuz Crossings, Far Below Normal Levels
“As of 23 April, eight total crossings were recorded through the Strait of Hormuz, flat d/d but still far below normal traffic levels, with most crossings seen west-to-east” https://t.co/C8Cl7uvlPD
Oil Market Hopeful Hype Masks Underlying Pessimism
not sure where all the hope is coming from in the oil market today. This is not a hopeful sign.
Oil Output Doubled Since 2008; China Dominates Reserves
Very interesting. This does not mean Brent should be priced in the $200s today. In 2008 US oil production was around 5 million bpd. Today is around 13 million bpd. China’s oil stocks are higher than everyone else’s put together. But...
Iran's Missile Fleet Underutilized Despite Active Air Force
This article is potentially pretty damning. But I'd like to know whether the 50% of the ballistic missiles + launchers can be utilized, why if Iran still has an Air Force was it not being used & are all these...
Could a Government-Owned Spirit Airline Stifle Competition?
So will Spirit be the new gov airline? Will federal workers have to fly Spirit on gov business? In an industry as heavily regulated as air travel having an airline owned by the fed gov could be seen as …...
Shadow Fleet Still Moves Despite US Trade Halt Claim
“While the US military says it has turned around over 20 vessels and ‘completely halted’ Iranian trade, Lloyd’s List Intelligence shows a steady flow of shadow fleet traffic in and out of the Middle East Gulf” Personally, I trust @TankerTrackers https://t.co/Uu0qgzUlPk
Joining Bloomberg TV to Discuss Iran Oil Developments
I’ll be on @BloombergTV Surveillance in a few to discuss #Iran #oil and the latest with @annmarie @lisaabramowicz1 & @FerroTV #oott https://t.co/2dEIjcL92p
Trump’s Market‑soothing Rhetoric Threatens Iran Leverage
Trump should stop saying things just to calm markets that either don’t reflect real life or he has zero intention of following through on. If he gives up the blockade he loses his leverage against Iran.
SCOTUS Moves Chevron Case to Federal Court
SCOTUS just ruled on this case today...unanimous ruling that Chevron's case can be heard in Federal Court rather than State Court #oott $CVX #climatelawsuits
Iran's “Open” Hormuz Route Fails to Reassure Shippers
"The Iranian foreign minister’s announcement on Friday that the Strait of Hormuz is “completely open” for ships that use an Iranian-prescribed route doesn’t give the shipping industry assurances to resume traffic through the strait" https://t.co/9MdBedoMmR
Prolonged Conflict Will Drive Economy-Wide Price Hikes
“While Americans are currently seeing higher gas prices and haven't felt it in other areas, Wald says that the longer the conflict continues, the more prices across the economy will increase.” https://t.co/oTyVnpjsgT
Red Sea Ports Can't Match 7 M Bpd Pipeline Capacity
just because East-West pipelines can carry ~7 million bpd doesn't mean Red Sea ports can handle that volume of exports
Trump’s Iran War Timeline Sparks Blockade, Peace Talks, GOP-Pope Feud
Catch my comments on @NPR @MorningEdition Trump's Iran War Timeline, Iran Blockade And Peace Talks, GOP And Trump Pope Feud https://t.co/ehOwdmamYm via @nprone
Saudi Crude Routed Through Red Sea, Oman, Kazakhstan Supply
Saudi crude secured via Red Sea, other sources are Oman and Kazakstan. #oott #oil https://t.co/XbR2pdl7Lw
US Blockade Halts Iran's Oil Shipments to China, India
"The U.S. blockade of Iranian ports has all but stopped Iran-controlled or dark-fleet tankers moving Iranian oil to importers mainly China and India." https://t.co/UXsjqOp2by