Wonder who the Saudi decided to target here @JoshYoung @Cole_Smead @ericnuttall

Good energy interview by @davidlin_TV welcoming @JoshYoung #oott #oil #iran #hormuz #trump m.youtube.com/watch?v=ytzDve…

The Oil Shock Is Forcing Asia to Find New Supply | Delayne Weeks - Angko... youtu.be/dvfMsZaY1Pw?si=amtM… via @YouTube

The gasoline market is getting extremely tight. In a normal market, future deliveries would trade at a premium... Now the market is paying a $0.73 premium for prompt delivery rather than waiting six months. This makes it almost free money to deplete inventories now, sell at a premium, and buy back cheaper future deliveries. Of course, this assumes there will actually be enough gasoline available for future delivery...

All systems go. This is spot on. In addition, Brent is sitting on the 100 day moving average after crossing the 50 and 200 day. Sentiment has shifted. The Munificent 7 are trading at or near ATHs. Gold, silver, BTC, copper all trading extremely well. Its HALO (hard assets local operations)!

RT @ericnuttall: The jokes write themselves these days.

RT @ericnuttall: Ninepoint Energy Strategies Weekly Update: how does this end???

RT @ericnuttall: We have absorbed ~300MM Bbls from global SPRs and ~140MM Bbls from floating storage in the Strait, and this has masked oil…

This morning Trump proudly announced a deal to lower beef prices by reducing quotas and tariffs on imported beef. But that's also an admission that tariffs increased prices paid by American consumers. If removing tariffs lowers prices, then imposing them must have raised prices.

BREAKING: Iran directly rejects Axios's claim and says "Trump is lying" about 16 million barrels of oil exiting the Strait of Hormuz on Friday night, saying Iran only allowed 3 Iraqi tankers to exit and explicitly blocked any other, including Chinese ships sailing on behalf of sanctioned countries, five Iranian officials told Magnier. This directly confirms Kpler satellite data showing zero west-to-east tanker crossings on Friday night and zero barrels of oil exiting through the Strait, as well as SAR image data and Sentinel-1B radar images from early Saturday morning, which all do not show that 40 oil tankers have crossed or are in the process of doing so, contradicting Barak Ravid’s claim of 40 tankers and 16 million barrels transiting.