|
|
|
|
|
|
|
09.05.26 - 18:42
|
DOJ Probing Suspicious Oil Trades Tied To Iran War (Bloomberg)
|
|
|
Chair of the SEC and CFTC Gary Gensler joins David Gura and Christina Ruffini on Bloomberg This Weekend to discuss the US Justice Department and Commodity Futures Trading Commission are probe into at least four suspicious transactions in the oil market where traders made more than $2.6 billion. (Source: Bloomberg)...
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
09.05.26 - 09:54
|
′We are talking about energy security for Europe′: Norway doubles down on oil and gas production (The Guardian)
|
|
|
Norway's energy minister says country has a 'responsibility' to address shortfalls caused by wars in Ukraine and Middle EastIn case of any doubt about Norway's commitment to maintain – and expand – its production of gas and oil offshore, the energy minister, Terje Aasland, has a pithy response: “We will develop, not dismantle, activity on our continental shelf.”This week, to the alarm of environmental campaigners, he announced that three gasfields off the country's southern coast would reopen by the end of 2028 – nearly three decades after they closed – to meet a shortfall caused by the impact of the war in Ukraine and disruption to supplies from the Middle East. Continue reading......
|
|
|
|
|
09.05.26 - 00:12
|
Traders Puzzled As Physical Oil Prices Tumble Amid Surging Chinese Crude Sales, Plunging Imports (ZeroHedge)
|
|
|
Traders Puzzled As Physical Oil Prices Tumble Amid Surging Chinese Crude Sales, Plunging Imports
Yesterday when discussing China's unexpected flip-flopping on its decision to order local banks to ignore the latest US sanctions on Chinese, followed days later by a demand that they pause loans to sanctions refiners, we highlighted something remarkable: in the aftermath of the Strait of Hormuz blockade, which throttled the transit of ~10% of global oil and sent physical prices soaring to record highs (especially for Dubai crude), resulting in a windfall for European refiners thanks to soaring gasoline premiums...
... the reaction in China was a mirror image, as already razor-thin independent refiner (teapot) margins plunged to record negative.
The reason for the margin collapse was China's domestic fuel policy: it has long been Beijing's policy to soften price hikes to help shield consumers and avoid social unrest; which while beneficial to end consumers is catastrophic to refiners and proce...
|
|
|
08.05.26 - 22:57
|
Massive Oil Slick Spotted Off Iran′s Kharg Island, Cause Unknown (ZeroHedge)
|
|
|
Massive Oil Slick Spotted Off Iran's Kharg Island, Cause Unknown
An apparent large oil spill spanning dozens of square miles of sea has been spotted off of Iran's main oil hub of Kharg Island, according to open source satellite imagery and reporting in both the NY Times and Reuters on Friday.
The reports cite images from Copernicus's Sentinel-1, Sentinel-2, and Sentinel-3 satellites taken from monitoring May 6 through 8 which show a huge grey-and-white slick extending out to the west of Kharg Island.
Image source: Soar
"The slick appears visually consistent with oil," said Leon Moreland, a researcher at the Conflict and Environment Observatory, to Reuters. He believes it to be covering an area of approximately 45 square km (or nearly 18 sq miles).
While it's unclear what may have caused it, or the extent of possible damage to Kharg Island infrastructure or possibly docked tankers, the island has been attacked by US aerial forces in the recent post.
One regional source provid...
|
|
|
|
|
|
|
|
Börsentreff auf Facebook |
Börsentreff auf X |
Börsentreff auf Instagram
