#crude — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #crude, aggregated by home.social.
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Again the same Drama to kick out retailers 🏑
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#OilSpill off #Oman from tanker under sanctions against #Russia spreads over huge area
Leaking #crude #oil from a tanker grounded off a #NatureReserve in Oman has created a slick covering almost 400 square kilometres, the country's government said Monday.
#EcologicalDisaster #MarineLife #seabirds #HumpbackWhales #ecosystems #HallaniyatIslands #ArabianSea
https://www.reuters.com/business/energy/oil-spill-off-oman-tanker-under-sanctions-against-russia-spreads-over-huge-area-2026-08-10/ -
#OilSpill off #Oman from tanker under sanctions against #Russia spreads over huge area
Leaking #crude #oil from a tanker grounded off a #NatureReserve in Oman has created a slick covering almost 400 square kilometres, the country's government said Monday.
#EcologicalDisaster #MarineLife #seabirds #HumpbackWhales #ecosystems #HallaniyatIslands #ArabianSea
https://www.reuters.com/business/energy/oil-spill-off-oman-tanker-under-sanctions-against-russia-spreads-over-huge-area-2026-08-10/ -
New Friday, new EIA data on the strategic petroleum reserve. Weeee!
As of 7/31 the reserve is down another 2841 (2.8 million barrels) to 304809 (thousand barrels). Lowest level since late Feb, early March 1983.
- This week's draw was slower than last week's, which was also below the weekly average since 3/27. This week's draw was the slowest since April when things were just getting going.
- 🚨 Important psychological threshold: At revised average we'll be at the lowest level recorded (Aug 1982) in under 6 weeks, projecting Sept 10 now. (9/5 last week)
- EIA guessed the draw down committed in March would wrap up in 120 days, ~7/25. At the current average we'll meet the committed goal on October 12.
- SPR is down 26.6% since March.
- SPR is at 42% of the 2010-2011 high
- This admin is burning the SPR 2.7X faster than Biden did during his 30-month draw.
- Brent is now trading at $82 that's down a good bit from early July at $100. My guess is they think they can slow the draw to ramp later and buy cover for midterm season. -
New Friday, new EIA data on the strategic petroleum reserve. Weeee!
As of 7/31 the reserve is down another 2841 (2.8 million barrels) to 304809 (thousand barrels). Lowest level since late Feb, early March 1983.
- This week's draw was slower than last week's, which was also below the weekly average since 3/27. This week's draw was the slowest since April when things were just getting going.
- 🚨 Important psychological threshold: At revised average we'll be at the lowest level recorded (Aug 1982) in under 6 weeks, projecting Sept 10 now. (9/5 last week)
- EIA guessed the draw down committed in March would wrap up in 120 days, ~7/25. At the current average we'll meet the committed goal on October 12.
- SPR is down 26.6% since March.
- SPR is at 42% of the 2010-2011 high
- This admin is burning the SPR 2.7X faster than Biden did during his 30-month draw.
- Brent is now trading at $82 that's down a good bit from early July at $100. My guess is they think they can slow the draw to ramp later and buy cover for midterm season. -
The Iran Oman deal developments
Iran is demanding a fee of 7% on all commercial ships passing through the Strait of Hormuz, with Chinese and Russian vessels exempt from the fee, while Oman is discussing smaller fees of around 3% and the US wants no fees at all, per Reuters and an Iranian source.
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The Iran Oman deal developments
Iran is demanding a fee of 7% on all commercial ships passing through the Strait of Hormuz, with Chinese and Russian vessels exempt from the fee, while Oman is discussing smaller fees of around 3% and the US wants no fees at all, per Reuters and an Iranian source.
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It's FriYAY, so you know what that means. New EIA data on the strategic petroleum reserve.
As of 7/24 the reserve is down another 3797 (3.8 million barrels) to 307650 (thousand barrels). Lowest level since late Feb, early March 1983.
- Slower draw this week, just 63% of the weekly average since 3/27.
- 🚨 Important psychological threshold: At revised average we'll be at the lowest level recorded (Aug 1982) in just over 6 weeks, projecting Sept 5 now.
- EIA guessed the draw down committed in March would wrap up in 120 days, ~7/25. At the current average we'll meet the committed goal on October 7. If prices are high now, imagine what they'll be if/when the SPR spigot is shut off. Just in time for midterms. 🤡
- SPR is down 26% since March.
- SPR is at 42% of the 2010-2011 high
- This admin is burning the SPR ~2.6X faster than Biden did during his 30-month draw. -
It's FriYAY, so you know what that means. New EIA data on the strategic petroleum reserve.
As of 7/24 the reserve is down another 3797 (3.8 million barrels) to 307650 (thousand barrels). Lowest level since late Feb, early March 1983.
- Slower draw this week, just 63% of the weekly average since 3/27.
- 🚨 Important psychological threshold: At revised average we'll be at the lowest level recorded (Aug 1982) in just over 6 weeks, projecting Sept 5 now.
- EIA guessed the draw down committed in March would wrap up in 120 days, ~7/25. At the current average we'll meet the committed goal on October 7. If prices are high now, imagine what they'll be if/when the SPR spigot is shut off. Just in time for midterms. 🤡
- SPR is down 26% since March.
- SPR is at 42% of the 2010-2011 high
- This admin is burning the SPR ~2.6X faster than Biden did during his 30-month draw. -
At current trend we are:
- Less than seven weeks from the lowest published EIA measurement back in August 1982. 🚨 Big psychological milestone, uncharted territory 🚨
- About 11 weeks from reaching the target, more than two months later than they projected.Let's assume things continue as-is: We'll reach the target in October. That's SUUUUPER inconvenient for this admin and its party, given a lot of folks have a big plans on November 3. No way they will allow an even deeper oil shock right as voters are making decisions, right? Riiiiiight?
YIKES.
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At current trend we are:
- Less than seven weeks from the lowest published EIA measurement back in August 1982. 🚨 Big psychological milestone, uncharted territory 🚨
- About 11 weeks from reaching the target, more than two months later than they projected.Let's assume things continue as-is: We'll reach the target in October. That's SUUUUPER inconvenient for this admin and its party, given a lot of folks have a big plans on November 3. No way they will allow an even deeper oil shock right as voters are making decisions, right? Riiiiiight?
YIKES.
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We started (Mar '26) at ~415MM barrels and committed to 172MM draw down landing around ~243MM barrels.
That's a ~41% reduction from already low levels. We did not recover from Biden's draw related to Russia's invasion of Ukraine, though it's been a generally downward trend since 2010-2011.
The EIA claimed (link above) the draw down would take 120 days at "planned discharge rates." We're one week's data away from 120 days and are only at 42% of target.
The target is...
-- *well below* the first (and lowest) number the EIA makes available, Aug 1982: 270MM.-- 33% of the peak from 2010-11.
-- 60% of what Biden spent over 2.5 years.
#Oil #Crude #StrategicPetroleumReserve #EIA #EnergyInformationAdministration
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We started (Mar '26) at ~415MM barrels and committed to 172MM draw down landing around ~243MM barrels.
That's a ~41% reduction from already low levels. We did not recover from Biden's draw related to Russia's invasion of Ukraine, though it's been a generally downward trend since 2010-2011.
The EIA claimed (link above) the draw down would take 120 days at "planned discharge rates." We're one week's data away from 120 days and are only at 42% of target.
The target is...
-- *well below* the first (and lowest) number the EIA makes available, Aug 1982: 270MM.-- 33% of the peak from 2010-11.
-- 60% of what Biden spent over 2.5 years.
#Oil #Crude #StrategicPetroleumReserve #EIA #EnergyInformationAdministration
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Happy Friday, folks. The EIA numbers for last week have posted. The strategic petroleum reserve is (as of 7/10) at 316504* barrels of crude. This week's draw is less than half of the weekly average since the drawdown began (March 27 numbers)
We're at 95.2% of the amount the US has committed to release. Assuming we draw an average amount this week (now, for report next Friday) we've already crossed the 100% target. If today's number indicates a new normal then we have a little over a week to go.
🚨 We're very likely at an inflection point.🚨 Recall that crude peaked in late April / early May just as the release (coordinated w/ other global reserves) was getting underway. Trump's war with Iran is back at it. Even with us still tapping the SPR, crude is back up sharply. Brent, the international standard for the price of crude ~$87.47. It was $65 on July 1. And around $61 in Feb, before the war.
Have we already met 100% of the commitment? If so, are we done? Is that stoppage already reflected in today's Brent? Will we authorize more to be released? No news on this that I can find.
SPR Facts
- Lowest level since April 1983 back when we were filling it after creation.
- Reserve is at 43.5% of the 2010-2011 peak
- In under four months we've drawn down 34% of what Biden did over his 30-month draw period.
- At the this week's adjusted average, in less than 8 weeks we'll be below the lowest level ever recorded: The first measurement available, back in August 1982*thousand
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Happy Friday, folks. The EIA numbers for last week have posted. The strategic petroleum reserve is (as of 7/10) at 316504* barrels of crude. This week's draw is less than half of the weekly average since the drawdown began (March 27 numbers)
We're at 95.2% of the amount the US has committed to release. Assuming we draw an average amount this week (now, for report next Friday) we've already crossed the 100% target. If today's number indicates a new normal then we have a little over a week to go.
🚨 We're very likely at an inflection point.🚨 Recall that crude peaked in late April / early May just as the release (coordinated w/ other global reserves) was getting underway. Trump's war with Iran is back at it. Even with us still tapping the SPR, crude is back up sharply. Brent, the international standard for the price of crude ~$87.47. It was $65 on July 1. And around $61 in Feb, before the war.
Have we already met 100% of the commitment? If so, are we done? Is that stoppage already reflected in today's Brent? Will we authorize more to be released? No news on this that I can find.
SPR Facts
- Lowest level since April 1983 back when we were filling it after creation.
- Reserve is at 43.5% of the 2010-2011 peak
- In under four months we've drawn down 34% of what Biden did over his 30-month draw period.
- At the this week's adjusted average, in less than 8 weeks we'll be below the lowest level ever recorded: The first measurement available, back in August 1982*thousand
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The Next Bull Market Could Be Built on Inventory Replenishment
The Middle East is once again at the center of global energy markets due to the renewed military…
#NewsBeep #News #Business #CA #Canada #Crude #Irán #oil #oilinventories #OilMarkets #oilprices #SPR
https://www.newsbeep.com/ca/796642/ -
The EIA numbers for last week have posted. The strategic petroleum reserve is (as of 7/3) at 319489 barrels of crude. This week's draw is an acceleration from the week prior and roughly average since drawdown began (3/27 numbers)
We're at 92% of the amount orange fella committed to release. Which means there's a good chance we've already hit 100% this week or next will next. Good thing things are going well with Iran! Oh, wait...
- Lowest level since May 1983.
- Reserve is at 44% of the 2010-2011 peak
- In just three months we've drawn down 33% of what Biden did over his 30-month period.
- Recall that crude peaked in April just as the release (coordinated w/ other global reserves) was getting underway
??? What happens if the spigot is turned off? Brent is roughly where it was when the war began but with this draw down still in play.
??? What happens if it isn't? At the current rate (average), in less than 8 weeks we'll be below the lowest level ever recorded: The first measurement available, August 1982#Oil #StrategicPetroleumReserve #Crude #CrudeOil #BrentCrude
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The EIA numbers for last week have posted. The strategic petroleum reserve is (as of 7/3) at 319489 barrels of crude. This week's draw is an acceleration from the week prior and roughly average since drawdown began (3/27 numbers)
We're at 92% of the amount orange fella committed to release. Which means there's a good chance we've already hit 100% this week or next will next. Good thing things are going well with Iran! Oh, wait...
- Lowest level since May 1983.
- Reserve is at 44% of the 2010-2011 peak
- In just three months we've drawn down 33% of what Biden did over his 30-month period.
- Recall that crude peaked in April just as the release (coordinated w/ other global reserves) was getting underway
??? What happens if the spigot is turned off? Brent is roughly where it was when the war began but with this draw down still in play.
??? What happens if it isn't? At the current rate (average), in less than 8 weeks we'll be below the lowest level ever recorded: The first measurement available, August 1982#Oil #StrategicPetroleumReserve #Crude #CrudeOil #BrentCrude
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Fed Sees Oil Prices Cooling Despite Renewed Iran War
The Federal Reserve still thinks energy prices are headed lower even as missiles are flying again in the…
#NewsBeep #News #BreakingNews #breakingnews #Crude #Fed #Iran #iranwar #monetarypolicy #Oil #oilprices
https://www.newsbeep.com/635564/ -
Russian drones and the shadow fleet
Russia likely used shadow ships to launch drones over Europe that repeatedly disrupted civilian aviation, as it monitored…
#NewsBeep #News #Headlines #chevron #China #Crude #diluent #Energy #exports #Exxon #imports #maduro #Oil #oilproduction #PDVSA #petroleum #Sanctions #Trade #Trump #Venezuela #venezuelan #World
https://www.newsbeep.com/625155/ -
OK false alarm. This week's data is up. As of June 26 we're sitting at 325,655K barrels of crude in the SPR. Down another 5,536K over the past week, slightly less than the 15-week average since draw began.
- Lowest level since June 1983.
- 45% of the 2010-2011 peak
- In just three months we've drawn down 31% of what Biden did over his 30-month period.
- Recall that crude peaked in April just as the release (coordinated w/ other global reserves) was getting underway
??? What happens if the spigot is turned off? Brent is roughly where it was when the war began even with the straight open and draw down still in play.
??? What happens if it isn't? At the current rate (average), in less than 9 weeks we'll be below the lowest level ever recorded: The first measurement available, August 1982
The next two EIA updates on July 8 and 15 will be VERY be interesting.#Oil #Crude #CrudeOil #FossilFuel #StrategicPetroleumReserve #iranwar
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OK false alarm. This week's data is up. As of June 26 we're sitting at 325,655K barrels of crude in the SPR. Down another 5,536K over the past week, slightly less than the 15-week average since draw began.
- Lowest level since June 1983.
- 45% of the 2010-2011 peak
- In just three months we've drawn down 31% of what Biden did over his 30-month period.
- Recall that crude peaked in April just as the release (coordinated w/ other global reserves) was getting underway
??? What happens if the spigot is turned off? Brent is roughly where it was when the war began even with the straight open and draw down still in play.
??? What happens if it isn't? At the current rate (average), in less than 9 weeks we'll be below the lowest level ever recorded: The first measurement available, August 1982
The next two EIA updates on July 8 and 15 will be VERY be interesting.#Oil #Crude #CrudeOil #FossilFuel #StrategicPetroleumReserve #iranwar
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Iraq to export crude, naphtha through Syria after Hormuz shock
Iraq plans to export crude oil and naphtha through Syrian ports after the Iran war cut off Gulf shipping routes, with Syria expanding facilities in Baniyas to handle the shipments. #News #Reuters #Newsfeed #iraq #gulf #crude Read the story here: 👉 Subscribe: Keep up with the latest news from around the world: Follow Reuters on Facebook: Follow Reuters on X: Follow Reuters on Instagram:
https://fllics.com/en/video/iraq-to-export-crude-naphtha-through-syria-after-hormuz-shock/
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Iraq to export crude, naphtha through Syria after Hormuz shock
Iraq plans to export crude oil and naphtha through Syrian ports after the Iran war cut off Gulf shipping routes, with Syria expanding facilities in Baniyas to handle the shipments. #News #Reuters #Newsfeed #iraq #gulf #crude Read the story here: 👉 Subscribe: Keep up with the latest news from around the world: Follow Reuters on Facebook: Follow Reuters on X: Follow Reuters on Instagram:
https://fllics.com/en/video/iraq-to-export-crude-naphtha-through-syria-after-hormuz-shock/
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How the U.S.-Iran Deal Put A Higher Floor Under Oil Prices
Analysts are back to expecting a huge oil glut next year as they see the U.S.-Iran deal as…
#NewsBeep #News #Business #crude #GB #IEA #Inventories #IranWar #Oil #oilsupply #SPR #SupplyGlut #UK #UnitedKingdom
https://www.newsbeep.com/uk/646188/ -
How the U.S.-Iran Deal Put A Higher Floor Under Oil Prices
Analysts are back to expecting a huge oil glut next year as they see the U.S.-Iran deal as…
#NewsBeep #News #Business #CA #Canada #Crude #IEA #Inventories #Iranwar #oil #OilSupply #SPR #SupplyGlut
https://www.newsbeep.com/ca/745891/ -
Oil Prices Are Crashing. Inventories Tell A Different Story.
Oil traders have gone from pricing in the worst supply disruption in modern history to pricing in a…
#NewsBeep #News #Business #Brent #crude #Energy #GB #Oil #OilInventories #oilmarkets #oilprices #UK #UnitedKingdom
https://www.newsbeep.com/uk/645997/ -
Israel land seizures | AP News
Over the past two and a half years, Israel has taken control of swaths of Gaza, Lebanon and…
#NewsBeep #News #BreakingNews #breakingnews #chevron #China #Crude #diluent #Energy #exports #Exxon #imports #Israel #maduro #Oil #oilproduction #PDVSA #petroleum #Sanctions #Trade #Trump #Venezuela #venezuelan
https://www.newsbeep.com/598537/ -
🔥 TRENDING
📢 WISDOMTREE BRENT CRUDE OIL 3X DAILY SHORT ETC | Realtime-Kurs | Nachrichten | - boerse.de
#Ai #Wisdomtree #Brent #Crude #GlobalFeed #News #DE
*Automatisch gepostet von Global Feed Bot*
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🔥 TRENDING
📢 WISDOMTREE BRENT CRUDE OIL 3X DAILY SHORT ETC | Realtime-Kurs | Nachrichten | - boerse.de
#Ai #Wisdomtree #Brent #Crude #GlobalFeed #News #DE
*Automatisch gepostet von Global Feed Bot*
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Idemitsu tanker reaches Japan with Saudi crude after Hormuz transit
An Idemitsu Tanker Co. crude carrier arrived in Ise Bay, central Japan, on Monday morning, May 25, making it the first oil tanker to reach Japan after travelling through the Strait of Hormuz during the conflict involving the US-Israel side and Iran. The vessel, t…
#Japan #JP #JapanNews #CRUDE #iran #news #straitofhormuz #tanker
https://www.alojapan.com/1490711/idemitsu-tanker-reaches-japan-with-saudi-crude-after-hormuz-transit/ -
https://www.alojapan.com/1490711/idemitsu-tanker-reaches-japan-with-saudi-crude-after-hormuz-transit/ Idemitsu tanker reaches Japan with Saudi crude after Hormuz transit #CRUDE #iran #Japan #JapanNews #news #StraitOfHormuz #tanker An Idemitsu Tanker Co. crude carrier arrived in Ise Bay, central Japan, on Monday morning, May 25, making it the first oil tanker to reach Japan after travelling through the Strait of Hormuz during the conflict involving the US-Israel side and Iran. The vessel, the Idemitsu Maru, is operated by a unit of Idemitsu Ko
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#russia has revised down numerous #oil and #gas #forecasts for the next three years, including on #crude and gas output as well as exports.
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#russia has revised down numerous #oil and #gas #forecasts for the next three years, including on #crude and gas output as well as exports.
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No, he doesn't care about it. He cares about very little.
Sorry to be crude, but I previously said about the man "If he can't eat it, fuck it, or skim a buck off the top of it, then it may as well not exist as far as he's concerned."
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No, he doesn't care about it. He cares about very little.
Sorry to be crude, but I previously said about the man "If he can't eat it, fuck it, or skim a buck off the top of it, then it may as well not exist as far as he's concerned."
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PM Modi’s call to use fuel judiciously, avoid gold purchases and cut foreign travel signals that the economic pain of the war in West Asia is not going away anytime soon and the economy will have to make adjustments to cope with the fallout. With state polls over, mitigation is likely to top the agenda. We looked at India’s response, global comparisons and the costs ahead in today's HT. https://www.hindustantimes.com/editors-pick/indias-reckoning-with-the-wars-economic-cost-begins-number-theory-101778547715147.html
#IranWar #WestAsia #India #MastIndia #Crude #Modi #Economy #Energy #Oil #DataViz
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Its is no longer simply US taxpayers paying the price for #FarRght Extremist Fallacies From #WhiteHouse...
While #Europe is losing nearly €500 million a day due to rising fuel costs alone brought by the US created conflict in the #PersianGulf...Iran has walked away from negotiations while the US thinks its strategy will cause Iran's oil infrastructure to collapse due to lack of ability to store the excess #crude.
Across the globe the sudden oil shortage is pissing off US Allies, ranging from far eastern countries like #Thailand & #Bangladesh on to #EU president von der Leyen who told the #Hague last wk that in just 60 days of US driven conflict, “our bill for #fossilfuel imports has increased by over €27 billion, without a single molecule of additional energy”
On April 26, 2026 #DJT told #FoxNews #Sunday Briefing the goal of USA shutting down Iranian oil wells was to trigger production shutdowns of Iranian #oil and cause their pipelines to explode from pressure...
The US administration’s belief that their bullying blockade will simply destroy Iranian resolve and infrastructure, and trigger immediate economic collapse, #hyperinflation, and global shortages, has also been echoed by #NewYorkTimes, which recently repeated creepy claims from U.S. officials stating that Iran's oil wells “cannot be turned on and off, and they would be damaged if they are forced to shut down,” and arguing that these risks will force #Iran to the table to quickly “make a deal to avoid such long-term problems.”
The US President echoed this strategy last week on #Foxnews
“What happens is that line explodes from within. Both mechanically and in the earth, something happens where it just explodes, and they say they only have about three days left before that happens,” Drumpf said “And when it explodes, you can never rebuild it the way it is.”Treasury Secretary Scott Bessent, went on #MelonHusk's X platform to claim “IRGC Leaders are trapped like drowning rats in a sewage pipe,” adding that “Iran’s creaking oil industry is starting to shut in production thanks to the U.S. BLOCKADE. Pumping will soon collapse. GASOLINE SHORTAGES IN IRAN NEXT!”
Iran simply disputes these assessments, saying they have far more capacity for oil and the western propaganda is always "trying to sow fear among the Iranian public"
“Iranian oil fields, wells, and pipelines aren’t going to explode from being shut down,” assures Robin Mills, of the Center on Global Energy Policy.
“It certainly is a major gamble from the Trump administration.” said Brett Erickson, a sanctions and geopolitics expert of strategic consultancy firm Obsidian Risk Advisors. “They better be holding all the cards as they say they are, otherwise Iran is going to beat us on the river card, and the entire world economy is going to pay the price.”
https://open.substack.com/pub/dropsitenews/p/trump-iran-oil-infrastructure-explode
