People filled up for war... same as China SPR. Now comes the other side of that equation.
It's still pretty good demand - just last week was skewed
#OOTT#API
According to reports being received from Saudi sources, the IDF bombed a secret meeting of the entire Houthi leadership a few minutes ago. We are now awaiting the results. (Nir Dvori)
@joshyoung Goal seems to be destabilizing the regime, imo... hitting gas first... refineries next
All speculation at this point, but balkanization likely and who controls the oil after that will be chaotic
No need to destroy oil production capacity... but shipping / Kharg likely
#OOTT
"Thibs wouldn't play 9 guys in a baseball game" - Kenny Smith during Game 3
-Game 3: Played 9 guys double digit minutes, Knicks W
-Game 4: Played 8 guys double digit minutes (plus Delon Wright 9 mins)
-Game 5: Played 9 guys double digit minutes, Knicks W
DON'T USE LEVERAGE
Pierre Andurand's hedge fund, Andurand Commodities Discretionary Enhanced, lost about 19% in the first three weeks of April and about 52% this year. $USO $BNO $UCO #OOTT
The fund's losses may be due to turmoil in commodities such as oil and copper, which have been affected by US President Donald Trump's tariff agenda.
The fund has experienced significant swings in returns over the last three years, with double-digit gains and losses
Unpopular take:
All reporting agencies/bodies are irrelevant since 2022.
Only sentiment matters in modern markets.
It will change - but these trends last years
#OOTT
@SpotMonthEnergy Dude has been non-stop poli-tweeting... lost focus on his job.
Genuinely has me wondering if he is also caught up in Epstein Island or something else the cabal have to hold over him
#OOTT
"New (Iranian) oil sanctions target oil brokers in the United Arab Emirates (UAE) and Hong Kong, tanker operators and managers in India and China"
India and China getting all stick and no carrot...
#OOTT
@SheDrills Worldwide we have been about 1.3Mbpd undersupplied over 2024 if you look solely at declining stocks
The Biden admin lied about everything else, why not EIA and their new "adjustments"... the old man cared a lot about gas prices
#OOTT
IEA: OECD industry inventories continued to decline, by 26.1 mb to 2 737.2 mb, 91.1 mb below their five-year average. Preliminary data show total global inventories falling a further 49.3 mb in January, led by a large crude stock draw in China.
@staunovo