US commercial crude oil inventories are reaching critical levels:
Crude inventories at Cushing, Oklahoma, the largest commercial storage hub in the US and the pricing point for WTI Crude, dropped -1.6 million barrels last week, to 20 million barrels, the lowest since 2014.
This marks the 8th consecutive weekly decline, totaling -8.3 million barrels.
As a result, Cushing now holds less than 2 days worth of US crude production, approaching the minimum level at which the facility can continue pumping oil efficiently.
Once inventories fall below ~20 million barrels, extracting crude becomes technically difficult and more costly, while oil quality can deteriorate due to water and sediment.
Meanwhile, the Strategic Petroleum Reserve is down to ~340 million barrels, the lowest since 1983, after 172 million barrels were released to contain war-driven fuel price increases.
US oil inventories down to levels rarely seen in modern energy markets.
Anyone remember the good old days when CNN didn't issue propaganda for NAZIS ??? NO ??
I DONT either....as seems they have done now for over 12 years .. happily !
CNN filmed the 28th Ukrainian Nazi tank brigade near Bakhmut, this is the brigade that carries a flag with a Nazi eagle holding a Black Sun and have appeared in previous videos.
◾ According to CNN this Nazi tank brigade helped "liberate" Kherson, one of the towns where the repression against civilians was most brutally carried.
The most devastating blow to "united Europe" will be the corruption-fueled downfall of Zelensky, who has been photographed with every single "united European."
Imagine the abject horror of these Europeans when it turns out they've been embracing a hardened crook?
President Trump appears to mix up countries here
“I think Ukraine—militarily, they’re defeated. They had 159 ships. Every ship is underwater. Every one of their planes has been shot down.”
🇷🇺 BREAKING!!! Russia’s Defense Ministry released locations of EUROPEAN, ISRAELI, and TURKISH facilities tied to Ukrainian companies producing drones used for strikes against Russia.
Key points from the MoD statement:
➡️Several European countries, facing Ukrainian battlefield setbacks in late March, decided to scale up drone production and deliveries to Kiev.
➡️Expansion is being driven by increased funding for Ukrainian and joint ventures operating in Europe.
➡️Moscow views these moves as a deliberate step toward sharp military-political escalation.
➡️Using Europe-based production to support drone attacks on Russia risks unpredictable consequences.
➡️European governments are, in Moscow’s view, steadily drawing their countries deeper into the conflict.
➡️Some European states are becoming a de facto strategic rear for Ukraine.
➡️European publics should understand the security risks and be aware of the locations of these drone production sites.
LET'S GO!!!
I am genuinely struggling to understand this logic.
If the rest of the world is willing to pay a small toll to Iran to keep oil flowing and stabilise markets, then why does the U.S. feel the need to block all shipping, especially when it is not dependent on that oil?
🚨BREAKING: Donald Trump is getting mocked after video shows him walking away without even closing his own umbrella before boarding the plane.
This is a man who’s had everything handed to him his entire life. Never worked a real job.
Pure entitlement.