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On an official level at least, Oman remains a close strategic partner and key ally of the United States in the Middle East; however, that relationship has been severely strained this month amid apparent Iranian-Omani cooperation regarding a potential
...Pending Trump's Final Approval
The U.S. Department of Energy (DOE) announced Monday, May 11, that it will loan 53 million barrels of crude oil from the Strategic Petroleum Reserve (SPR) to petroleum companies in an effort to relieve elevated gas and oil prices amid the conflict wi
Global oil inventories and floating storage have acted as temporary shock absorbers against the Hormuz disruption.
The national average price for 87-octane gasoline at the pump has remained above the politically sensitive $4-per-gallon threshold for 57 days and counting, as the U.S.-Iran conflict continues to disrupt energy flows through the Strait of Hormuz chok
The Iran conflict and subsequent oil price surge have accelerated a long-term shift away from gasoline vehicles.
Europe risks a major gas storage shortfall if disruptions through the Strait of Hormuz continue for another 1–3 months, with inventories still far below normal seasonal levels.
The head of the UAE's state oil company said on May 20 that a major new oil pipeline designed to bypass the Strait of Hormuz is nearly 50 percent complete, as regional tensions and competing maritime controls reshape global energy routes.
A supertanker carrying 2 million barrels of Saudi crude is set to arrive in Japan early next week after clearing the Strait of Hormuz in late April, in the first shipment of Middle East crude to Japan via the chokepoint since the Iran war began on Fe
India's Prime Minister Narendra Modi has urged the government to urgently explore an increase in the use of alternative energy sources, including biogas as a substitute for liquefied petroleum gas (LPG), as the Middle East crisis is choking oil and
Estimates range from a few days to a few weeks. But is that the right question?
The American Petroleum Institute estimated that U.S. crude oil inventories fell by 9.1 million barrels in the week ending May 15, according to a report. Analysts had forecast a draw of 3.4 million barrels, making the decline nearly three times larger
In this week's Live from the Vault, Andrew Maguire explains how the UAE's exit from OPEC is accelerating the shift away from oil-backed dollar demand, and why he believes gold is the only asset capable of filling that role as the petrodollar weaken
A data-verified warning is now circulating that the United States will hit tank bottoms on oil by July 4th of this year. Europe is already there this month.
...of Peace Negotiations. About three months into the military confrontation in Iran wrecking the world's economy and sending energy costs skyrocketing, hope is kindled.
We are watching a slow-motion train wreck play out right in front of our eyes, and nobody can stop it.
Wrap your head around this: China is taking its place in the global Technocracy that is being built by Trump and his army of arch-Technocrat billionaires. Trump didn't go to China to beg for mercy, as some have speculated. Instead, he showed them h
Earlier today, in response to news that the number of tankers anchored at Iran's Kharg Island oil terminal had hit a post-blockade peak, we wondered if this means that Iran is running out of tankers to store oil, i.e., Trump' blockade of the blockade
Overseas buyers are depleting domestic oil reserves.
Using things like explosions and global conflicts as an excuse to gouge the consumer is a tactic as old as time itself, and now the word is getting around that the latest fiasco in a far away land is about to hit the motor oil industry causing shorta
US wheat production just hit its lowest point in over 50 years, motor oil shortages are quietly being warned about, and the military is moving in behind some of the biggest data centers in America, bypassing local votes entirely.
OPEC Is Unraveling--and That's a Problem for the Dollar
...with a massive US$25 billion investment under the new RIGI framework. The megaproject in Vaca Muerta is preparing to flood the global oil market and permanently transform the country's financial future under the government of President Javier Mi
Lookie here…
The United Arab Emirates is seeking to build an oil pipeline by 2027 which will enable them to bypass the Strait of Hormuz chokepoint and double their export capacity.
On Sunday morning I was driving to my son's house in the Manayunk section of Philly.
Europe Swaps Russian Gas Dependence for U.S. LNG Reliance as Middle East Turmoil Tightens Squeeze
This time it's because of the global oil crisis tied to the Iran war
Trump - who promised Americans a $5,000 DOGE rebate and that tariffs would replace income taxes (and the IRS) - is now dropping hint that he'll temporarily suspend the 18.4 cent federal gas tax, to reduce the costs imposed by the stupid, evil war h
On Sunday morning I was driving to my son's house in the Manayunk section of Philly.
