China Refinery Runs Fall to Pandemic Level Lows
Crude oil ETF USO climbs 1.26% even as China refinery runs sink to pandemic era lows, driven by a historic drop in crude imports and softening fuel demand.
James Stephens3 min read
crude oil prices
James Stephens3 min read
Gulf Oil Exports Briefly Hit Pre War Levels Before New Escalation
Gulf oil exports briefly rebounded to pre conflict levels before fading again as US Iran tensions choke tanker traffic through the Strait of Hormuz, rattling crude markets.
Edward Byrd3 min read
Saudi Red Sea Crude Exports Drop 41% From March Peak
Saudi Arabia leaned on the Red Sea to dodge Hormuz risk, but Houthi tanker strikes near Bab el Mandeb now threaten the very route it built its export strategy around.
James Stephens4 min read
Red Sea Tanker Traffic Falls to Multi Month Low After Houthi Threats
Crude oil ETF USO climbed 1.34% as red sea tanker traffic hit a multi-month low amid Houthi attacks on Saudi oil infrastructure, forcing tankers to reroute or go dark near…
Jake Fox3 min read
Russian Crude Exports Fall to Lowest Level Since May
Crude oil fund USO climbed 1.34% as Russian seaborne exports hit their lowest since May. Port strikes, refinery repairs, and tanker shortages are squeezing Black Sea and Baltic loadings alike.
Holly Herrera4 min read
BP to Take Full Control of Trinidad Calypso Gas Project
BP takes full control of the Calypso gas project from Woodside Energy while crude oil, tracked via the USO fund, drifts lower. Here is what the deal signals for regional…
Jake Fox4 min read
Japan Trade Chief Warns Strait of Hormuz Closure as Tensions Rise
Crude climbs as shippers abandon the Strait of Hormuz over renewed danger, forcing Japan to tap emergency reserves and hunt for oil far from its usual Middle East suppliers.
Jake Fox3 min read