Bloomberg: US-made Patriot air-defense missiles have been largely successful in stopping the Iranian Shaheds and other ballistic missiles, with interception rates over 90%, according to the UAE. But using $4 million missiles to destroy $20,000 drones illustrates a problem that

A CONTAINER SHIP TRYING TO ENTER THE STRAIT OF HORMUZ HAS BEEN HIT BY 2 DRONES

Your brain on 'charts'. Yikes!

Man will do anything not to model S&D.

Jeff Currie from Goldman Sachs is probably the best person I know regarding commodities. His take on oil prices:

My face when nothing burning 😮‍💨

Something burning 🫠

Perhaps the most important thing that Jeff Currie highlights, and is something that all people should be aware of, is flow rates from the collective SPRs. The maximum flow rate is 2 million barrels per day, versus impacted volumes that exceed this, materially. In the United

Razor has pointed this out many times, but it's important to repeat here again. Canada has no SPR. Canada could barely save Alberta back in 2018 when WCS-WTI differentials blew out. Canada has one of the best gas basins in the world (Montney) and somehow couldn't even build

Truth. But hindsight would say that the major projects of past in Canada such as the TransCanada Pipeline, the Interprovincial Pipeline (Enbridge), the Canadian Pacific Railway and the St. Lawrence Seaway would never have had a chance of succeeding in today’s consultation /

"If you zoom out and look at oil in nominal terms relative to recent history + in real prices (deflated by CPI) + relative to the rest of commodities, the latest flare-up doesn’t look all that flarey" Callum Thomas Topdown Charts

🇺🇸🇮🇷 #Trump Postpones Strikes on #Iran Energy Targets - Bloomberg

🇮🇷 🇺🇸 *#IRAN'S STATE-RUN MIZAN CITES IRANIAN FOREIGN MINISTRY - BBG *IRAN'S MIZAN: THERE ARE NO TALKS BETWEEN THE US AND IRAN *MIZAN: REQUESTS TO REDUCE TENSIONS SHOULD BE PUT TO THE US *IRAN'S MIZAN: TRUMP'S COMMENTS ARE ATTEMPT TO CUT ENERGY PRICES

53% of Americans think Saudi Arabia is their biggest oil supplier. They're completely wrong, and it matters more than ever right now. PERCEPTION: 🇸🇦 #SaudiArabia 53% 🇨🇦 #Canada 22% 🇷🇺 #Russia 9% REALITY: 🇨🇦 Canada 61.6% 🇲🇽 Mexico 9.6% 🇸🇦 Saudi Arabia 4.3% Canada

DATED BRENT OIL PRICE SOARS TO $141 A BARREL, HIGHEST SINCE 2008

The oil market now reminds me of when prices were around $30 in March 2020. Plenty of people who never looked at oil were going long oil futures, not realising what could happen to the roll. A few weeks later prices traded negative, with a $50+ contango for WTI a day before

OIL & DIESEL: THE NEW “BLACK GOLD”? Jefferies says oil markets are mispriced and raised long-term forecasts, citing tighter supply and rising geopolitical risk. New targets: WTI ~$70–$82, Brent ~$75 Supply is constrained (millions of barrels offline), but reserves and storage

One of these things is the S&P 500. The other two are diversifying stores of value. Name them only looking at the picture.

Every day of stalemate, the world forfeits another 12MM Bbls of production. That’s 360MM Bbls a month with most safety buffers now becoming exhausted, meaning going forward either visible onshore inventories plummet, or demand falls due to much higher pricing.

Curious how Jane Street made $40 billion last year with few negative days? Here’s one example: - Between 1990-2000, there was only one exchange-listed product to trade natural gas: the NYMEX (now CME) physically-settled futures contract - In 2000, ICE realized there was demand