Empowering People Via Oil Trading Education, Intelligence & Wisdom. High Resolution Pattern Recognition in Oil Markets. #Oil#NatGas#Energy#OOTT#OilChampions
⚡️BREAKING: The IRGC announces Closure of the Strait of Hormuz in response to Israel’s attacks on Lebanon
"The conditions of the ceasefire in Lebanon and the withdrawal of U.S. forces from the area have not been met by the United States
Ships approaching the Strait will be targeted"
Hormuz traffic shows recovery
Verified Strait of Hormuz crossings reached 25 on 18 June, marking a notable increase in daily maritime activity. Traffic was evenly distributed across both directions, with most vessels following established Iranian route patterns. Five sanctioned vessels were recorded among the crossings, while no additional physical attacks have been confirmed since 10 May. The latest figures coincide with discussions surrounding the implementation phase of the US-Iran 60 day memorandum framework, which aims to preserve the ceasefire, support navigation through the Strait and facilitate broader negotiations. While this d/d uptick points to improving operating conditions, unresolved implementation details and continued dark crossings indicate a continued elevated degree of caution with ship operators.
Stay ahead of the market with #Kpler Insight: https://t.co/x1J6Zb3ubY
“The immediate collapse of the first scheduled negotiation round represents a setback to regional stabilization efforts,” via Marisks>>
Hormuz Traffic Thins Friday as Shipowners Err on Side of Safety
Traffic through the Strait of Hormuz appeared to thin early on Friday, just a day after a burst of oil flows through the waterway as the US and Iran vowed to lift a dual blockade.
No tankers were seen moving outbound from the Persian Gulf on Friday morning, though one very large crude carrier re-appeared off the Omani capital Muscat, suggesting it had crossed the strait. An Iran-linked liquefied petroleum gas carrier and a Norwegian-flagged products tanker made inward transits.
The relative calm came as doubts emerged over whether the US and Iran would be able to work out contentious details in the memorandum of understanding in the 60-day period. Plans between the two sides to meet in Switzerland were canceled, while Israeli forces said they struck southern Lebanon despite warnings from Washington not to do so.
“The immediate collapse of the first scheduled negotiation round represents a setback to regional stabilization efforts,” maritime risk company Marisks said Friday in a note to clients seen by Bloomberg News. “Unless diplomatic engagement resumes, the security environment is likely to remain volatile, with maritime stakeholders facing continued uncertainty.” (Bloomberg)
President Trump: "we run out of reserves in about 4 weeks." We have for months said that tank bottoms would be hit by ~ July 1st (and US SPR in August). We view the US/Iran MOU as total capitulation by the US... no firm doctrine of "no tolls" = a "closed" Strait of Hormuz.
Traffic visible in the Strait of Hormuz via https://t.co/bYX0jXrfTw over the last 24 hours remains steady, with all transits, both inbound and outbound, observed utilizing the Iranian traffic separation scheme.
The end of this video is stunning. Trump signs the MOU, Macron says good job, everyone applauds and then Trump says "oil down, stocks up" - with hand motions!
*BBG: OIL STOCKPILES PLUNGE TO CRITICAL LOW AT BIGGEST US STORAGE HUB
Crude stocks in Cushing, OK, the physical settlement point for WTI, fell another ~1.6 MMbbl last week and are now sitting just above the oft-cited 20 MMbbl "floor"
Fresh lowest Cushing stock level since 2014.
EIA:
Commercial crude inventories fell sharply by 8.3 million barrels to 418.2 mb.
Gasoline inventories declined modestly by just 0.9 million barrels.
Distillate inventories increased by approximately 1 million barrels.
@BohuslavskaKate JUST IN: Moscow's largest fuel facility, the Kapotnya Refinery, struck by Ukrainian long-range UAVs. High-density smoke and flames seen rising from the facility following the air defense breach.
https://t.co/vOzzbFrejg
The AI boom is running into a physical constraint: power.
Some data centre projects cannot wait five to 10 years for grid upgrades.
That is changing how developers think about energy supply.
Watch the latest Energy Gang: https://t.co/sqLK7yT4aC
After Russia invaded Ukraine, many expected a lasting shift in gas markets.
Instead, the industry adapted.
Kristy Krammer explains why resilience remains one of the defining themes in global energy: https://t.co/MUqv2J9h1A
The first half of 2026 has been shaped by uncertainty, volatility and rapid change across European energy markets.
⚡ From energy security and LNG supply dynamics to battery storage, carbon markets, flexibility and renewable integration, the questions facing market participants continue to evolve.
That's why we've spent the past six months bringing the industry together through our Energy Day series across Europe.
📍 CSEE Energy Day – 5 March
📍 Danish Energy Day – 12 March
📍 Iberian Energy Day – 26 March
📍 German Energy Day – 23 April
📍 Swedish Energy Day – 28 May
📍 Finnish Energy Day – 11 June
Across each event, energy professionals, market experts, policymakers and industry leaders have shared insights, challenged assumptions and explored the developments shaping Europe's energy future.
As markets become more interconnected and complex, understanding what is happening is only part of the challenge.
Understanding what it means for your business, strategy and decisions is what matters.
A huge thank you to everyone who joined us, spoke at our events and contributed to the discussions so far this year.
And we're not stopping there.
🇳🇴 Next up: Nordic Energy Day in Norway on 20 August, where we'll continue the conversation on the trends and challenges shaping European energy markets.
Learn more about Montel and our upcoming events: https://t.co/enG1H6nzst
#EnergyMarkets #EnergyIntelligence #EnergyTransition #MarketAnalysis #EnergySecurity #Montel
#Malaysia has confirmed that its new #B15#biodiesel blend — a fuel mixture containing 15 per cent palm‑based biodiesel and 85 per cent #petroleum diesel — will be introduced across the entire transportation sector from 1 June.
https://t.co/lWWvugSErM
#biofuels#biodiesel