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
uso etf
James Stephens3 min read
Russia Oil Export Capacity Strained by Massive Traffic Jam
Russian crude is piling up at sea as Ukrainian strikes cripple refineries, forcing Moscow to export more oil even as revenue shrinks and tanker gridlock spreads.
James Stephens3 min read
IEA Global Oil Inventories Show 1.8 Million Bpd Deficit
USO fell 1.53% as the IEA slashed its 2026 oil supply forecast, warning global inventories are draining fast amid a prolonged Strait of Hormuz standoff.
Jake Fox3 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
Oil Prices Jump on Renewed US Iran Hostilities
USO jumped over 4% as President Trump declared the Iran ceasefire dead and Tehran threatened to close the Strait of Hormuz, a chokepoint for a fifth of world oil supply.
Jake Fox3 min read