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This is from an X Post from Jack Prandelli, The Merchant’s News Substack. This is an excellent observation on how the oil markets are changing in real time. I also did not have on my bingo card that North Korea would have benefited from the Ukraine/Russia War, but here we are.
Story 1: India just put half its oil supply on Russian barrels. Russian crude arrivals to Ind...
Oil futures traders appear remarkably calm amid escalating risks in one of the world’s most critical energy chokepoints. While headlines focus on whether the Strait of Hormuz is “open or closed,” the physical oil market is grappling with far more complex and costly disruptions that futures prices are largely ignoring.
A recent analysis from OilPrice.com highlights how ...
China’s aggressive push to power its rapidly expanding AI data centers with renewables is running into practical resistance from grid operators, who warn that the sector’s inflexible power demands could increase reliability risks and complicate grid planning.
Industry analysts and officials told Reuters that Beijing’s strategic goal of having renewables supply the majo...
In a striking development reported today by energy expert Dr. Anas Alhajji, more than 30 oil tankers carrying Iranian crude—with their AIS transponders visibly active—are currently heading to Asia. These vessels are loaded with over 50 million barrels of crude oil, according to shipping data from Kpler.
This visible convoy marks a significant shift following the recent...
In a significant development tied to ongoing U.S.-Iran diplomatic efforts, the U.S. Treasury Department has issued temporary waivers suspending key sanctions on Iranian oil exports. This move, reported in connection with a preliminary agreement or memorandum of understanding from recent talks (including the Lake Lucerne Summit mediated by Pakistan and Qatar), allows Iran to r...