Omani oil prices are surging
- $173 per barrel
- up almost 190% YTD
Refineries would rather pay $173 per barrel than have no oil at all, which shows how inelastic demand becomes during supply shocks.
So much for demand destruction.
"Acá en la Argentina no se dicen las cosas como se tienen que decir, acá no se ha dicho nada de los 257 periodistas que mataron en Gaza... porque ustedes son periodistas y no salen ni en defensa del periodismo."
DOMARON AL PELADO DE UNA MANERA MAGNÍFICA!!
🇮🇷🇸🇦🇦🇪🇺🇸⚡️– IRGG Statement: "To citizens and residents in the vicinity of the following facilities:
1- Samref Refinery - Kingdom of Saudi Arabia
2- Al-Hasan Gas Field - United Arab Emirates
3- Jubail Petrochemical Complex - Jubail, Kingdom of Saudi Arabia
4- Mesaieed Petrochemical Complex and Mesaieed Holding Company (affiliated with Chevron) - Qatar
5- Ras Laffan Refinery (Phases 1 and 2) - Qatar
These sites have become direct and legitimate targets and may be subject to attacks in the coming hours.
Therefore, all citizens, residents, and workers are requested to evacuate these areas immediately and move to safe distances without any delay, in order to protect their lives."
We have already issued clear and repeated warnings to your rulers about engaging in this dangerous path and involving their people in a major gamble with their fate. However, they have chosen to continue their blind subordination and make decisions that do not represent the will of their people, but are imposed on them from outside their borders, in the absence of any real sovereignty.
Therefore, they bear full responsibility for all the consequences that will result from this path.
BREAKING: US oil prices surge above $113/barrel for the first time since June 2022.
Oil futures are now up +68% this month, on track for their biggest monthly gain in history.
🚨$111 a barrel for oil now. Up 22% and climbing.
Qatar said $150 is coming. The Strait is still effectively closed. Iran's oil infrastructure is burning. Gulf states are cutting production.
The pump price follows.
The Spectator Index
This is truly incredible to watch:
5 minutes ago, US crude oil prices surged above $91.50/barrel.
Now, we are above $92.50, adding +$1/barrel in 5 minutes.
This puts prices up +$12/barrel in 9 hours.
We are witnessing a historic short squeeze as we speak.