VLSFO premiums up in UAE's Fujairah as supply dwindles | Latest Market News Very-low-sulphur fuel oil (VLSFO) bunker premiums have surged this week in the UAE port of Fujairah as local producers grapple with an acute shortage of low-sulphur feedstock and blend components, and...

this seems kind of interesting? difference between me, an energy enthusiast, and an energy professional is they can probably tell you what precisely this means

I remember reading this last month. The physical supply constraints are catching up. bsky.app/profile/alic...

said to colleagues today that the vibes amongst my oil industry friends are basically apocalyptic and that's even taking to account how relatively insulated we are in north america

Clearing Strait of Hormuz of mines could take 6 months, Pentagon tells Congress The Pentagon assessment, shared in a classified briefing for lawmakers, suggests gasoline and oil prices could remain elevated through the midterm elections.

so that's probably not good. "It could take six months to fully clear the Strait of Hormuz of mines deployed by the Iranian military ... the Pentagon has informed Congress" www.washingtonpost.com/national-sec...

ERCOT says Texas demand could quadruple but cautions forecast may be inflated The forecast is “preliminary,” said grid officials, who may request changes to the analysis. It is based on ERCOT forecasting, as well as utilities working directly with large load customers.

Texas doubling their power needs by 2032 seems crazy.

www.utilitydive.com/news/texas-d...

WOOOF need an article on this one

not just alaska bsky.app/profile/hora...

An Iranian gunboat fired at a container ship off the coast of Oman on Wednesday, causing damage but no casualties, the UKMTO maritime security agency says.

A IRGC gunboat "fired upon the vessel, which has caused heavy damage to the bridge. No fires or environmental impact reported," UKMTO says

United Airlines Cuts Full-Year Forecast on Rising Fuel Costs United Airlines Holdings Inc. slashed its full-year profit forecast as higher fuel prices caused by war in the Middle East batter global carriers.

"The airline said it expects to recapture about 40%-50% of higher fuel costs through pricing in the second quarter, rising to as much as 85%-100% by the fourth quarter."

I don't care what AI does. You see airfares double in a year, economic damage will be severe.

www.bloomberg.com/news/article...

You should have answered his question.

How much oil storage do the Iranians have available, some people say a few weeks, other say two months?

Iran has mentioned several times that the US needs to suffer for attacking them. So they need to keep the Strait of Hormuz closed until economic pain is felt at the $150-$200 a barrel.

Analysts warn the dual blockade is disrupting hundreds of millions of barrels of oil flows, with more disruption expected as tensions persist ahead of a looming cease-fire deadline.-Bloomberg

If Iran wants its future threats to re-close the Strait of Hormuz to be seen as serious leverage vs a future US administration, it's going to be tricky for Tehran to reopen the Strait before we see more acute—and truly undeniable—economic harm than we've currently seen realized.

Oil market has lost a billion barrels due to Iran war, Vitol boss warns Top energy traders warn of unprecedented hit to global energy supplies

The oil market will lose at least 1bn barrels of crude and refined products due to the war in the Middle East, even if the conflict ends tomorrow, the head of the world’s biggest independent oil trader has warned. ft.trib.al/roK3ruX

❗️Ukrainian SBU drones have struck the Samara oil pumping station, reportedly hitting five crude storage tanks of 20000 cubic meters each linked to Urals export supply. #Ukraine

'A clear step change': European EV sales jump by over 50 per cent in March Over 224,000 battery EVs registered last month, as businesses and consumers respond to soaring oil prices

EVs won the war.

Hey, folks, remind me—did the JCPOA cede any go-forward control of the Strait of Hormuz to Tehran?

Another increase just in time for the Texas summer.

Oncor rate increase OK'd, higher electric bills soon to be reality Oncor’s request to raise rates was approved by the Public Utility Commission of Texas on Friday.

Electric bills will soon be higher for Oncor customers after getting the green light from the Public Utility Commission of Texas late last week.

All the Kuwait shipments that left the Strait of Hormuz before the war started must have arrived in port by Friday.

*PRESIDENT SAYS WILL NOT OPEN STRAIT OF HORMUZ UNTIL DEAL SIGNED
*TRUMP SAYS CEASEFIRE EXPIRES WEDNESDAY EVENING WASHINGTON TIME
*PRESIDENT WILLING TO ATTEND TALKS BUT DOESN'T THINK NECESSARY
*TRUMP SAYS 'HIGHLY UNLIKELY' HE EXTENDS CEASEFIRE WITH IRAN

Economic tipping points are notoriously hard to forecast, but the next one is likely approaching. For several Asian economies in the near term, and for Europe down the road, if the Middle East War remains unresolved, the shock is moving quickly toward physical energy scarcity.
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Kuwait declares force majeure on oil shipments amid Hormuz blockade, Bloomberg News reports Kuwait has declared force majeure on ​shipments of crude oil ‌and refined products after a blockade of the ​Strait of Hormuz ​prevented some vessels from entering ⁠the Persian Gulf, ​hindering its ability to ​meet certain customer commitments, Bloomberg News reported on Monday, citing ​a document.

Kuwait declares force majeure on oil shipments amid Hormuz blockade, Bloomberg News reports reut.rs/4u2b5Cf

Gas price hikes could happen starting today/tomorrow for motorists in: NM, TX, IN, OH, MI, KY, SC, TN, FL (these are price cycling markets!)

Ukrainian drone strike sparks major fire at oil refinery in Russia's Krasnodar Krai Ukrainian drones reportedly struck the Tuapse Oil Refinery in southern Russia's Krasnodar Krai during an overnight attack on April 20, as Kyiv continues efforts to disrupt Moscow's war funding.

⚡️Update: Ukraine strikes oil refinery in Russia's Krasnodar Krai for 2nd time in a week, sparking major fire, General Staff confirms.

In addition to the oil refinery, Ukraine struck the Hvardiiske oil depot in Russian-occupied Crimea, as well as two landing ships of Project 1171 and Project 775.

The Asia-Pacific was hit hard and quick by the war in Iran and its energy bottlenecks. Scenes of crisis there indicate that problems are multiplying and spreading.

Holy shit!! This is a russian oil refinery in Tuapse tonight, don’t confuse it with hell itself! 🔥🔥🔥

Yeah this is the whole thing. It was the obvious path for the past six weeks.