A couple of counter-points: 1) Gasoline and Jet Fuel inventory are higher than historical norms 2) Refining Margins have slipped quite a bit in recent weeks 3) Distillate inventory position is bullish but may not be enough to carry the day x.com/ArjunNMurti/st…

The Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) affirms that there are currently no developments in supply or market dynamics that warrant unnecessary measures. Today’s statement in social media by the IEA executive director regarding

"Long-takes" of Israel-Iran on oil markets. S-T, yes prices spike. L-T, it depends. 1980-8 Iran-Iraq war (-); Gulf War 1 (=), Gulf War 2 (+). Demand trend relative to non-OPEC supply the difference in all 3. Bearish in 1st, neutral in 2nd, bullish in 3rd. arjunmurti.substack.com/p/super-spiked…

Top Iranian oil terminal of Kharg Island continues to load tankers (although waiting - empty - tankers appear to have moved away). Oil loading continues as usual at 🇸🇦🇰🇼🇮🇶🇦🇪🇶🇦 terminals. Strait of Hormuz traffic appears normal. (per Copernicus EU Sentinel 2 today) #Iran #OOTT

*SANTOS SHARES JUMP 15% AFTER ADNOC MAKES $18.7B TAKEOVER OFFER

Brent crude futures curve, today (white) vs this time last week (blue) Backwardation back with a vengeance.

Jeff is always a must listen. The geopolitical driver of new energies I whole heartedly agree with. And reassuring commentary for oil bulls.

Super guest line next week on NinjaTrader Live! in the 8:00 AM ET Macro segment with Anthony Crudele Jim Cagnina and me! Monday: arjun⚡️murti Tuesday: PiQ Wednesday: EconstratPB Thursday: Hyperpyron youtube.com/@NinjaTrader/f…

Whatever you read about the closure of Hormuz Strait is written years ago! There is nothing new. The Iranian regime threatened to close it about 15 times since 1980!

Up today in the 8:00 AM hour on NinjaTrader Live we have arjun⚡️murti (timing could not have been better) with Jim Cagnina Anthony Crudele and me to talk recent events on markets, oil markets and more! (link below)

Will New York be the first state in the U.S. to build a new AP1000 after Vogtle? The race to 10 GWs under construction by 2030 is apparently on.

If you missed the outstanding interview with arjun⚡️murti today on NinjaTrader Live with Anthony Crudele and me, you can catch the replay via the link below! (O&G traders definitely want to catch this one!)

great to be on with Tracy Shuchart (𝒞𝒽𝒾 ) Anthony Crudele today to discuss oil outlook.

Credit to Anas Alhajji for as best as I can tell having the only unequivocal “it’s not closing” call of any oil expert.

The news of ending hostilities between Israel and Iran is bearish for oil, but since all political premiums have been eliminated, no significant declines are expected. Oil prices may rise tomorrow.

Congratulations to my friend and colleague Paul Dabbar on his confirmation as Deputy Secretary of Commerce. Really outstanding to see.

US Crude Oil industry is least protected U.S. industry of its scale. •No tariffs, no quotas, no Buy American, no reviews for foreign producers. •Domestic producers compete head-to-head with Saudi Aramco, Canadian heavy, Nigerian sweet..on U.S. soil. 1/2

Great to join my friend and colleague Jason Bordoff on his podcast. There are few people I more enjoying discussing and debating energy and the environment than Jason. Thank you for having me on. There is a lot we agree on and some things we don’t. It’s what I appreciate most