Oil Market News, OPEC+, sanctions and price shocks

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gcaptain.com

Trump Waives Jones Act for 60 Days—Shipping Interests Say It Won’t Help Lower Gas Prices

The White House has approved a 60-day Jones Act waiver, moving forward with a controversial policy that U.S. shipping interests warned just days ago would do little to lower fuel...
gcaptain.com gcaptain.com

gcaptain.com

Qatar Reports Extensive Damage at World’s Largest LNG Plant

A Qatari complex housing the world’s largest liquefied natural gas export plant suffered “extensive damage” after a missile strike, hours after Iran threatened energy facilities across the Persian Gulf.
gcaptain.com gcaptain.com
 
USO at 120. If thats what he means by keeping the prices down we are in trouble. Gas here is up a dollar in 3 weeks. Since these liars dont live in the real world I think they have no clue.
 
oilprice.com

Oil Extends Rally as Hormuz Stays Closed | OilPrice.com

Oil is heading for a fifth straight weekly gain, with Brent near $109, as the Strait of Hormuz remains shut for a third week, keeping supply tight despite policy efforts to ease the market.
oilprice.com oilprice.com

oilprice.com

Why the Global Oil System Cannot Replace Hormuz Flows | OilPrice.com

A prolonged closure of the Strait of Hormuz would create a massive global energy shortfall that emergency measures can only partially offset, leaving markets to rely on price shocks or rapid reopening.
oilprice.com oilprice.com
 
Diesel Costs Become New Worry as Gallon Surpasses $5

Mar 20, 2026 Latest Videos from Bloomberg Radio
The average price for a gallon of diesel in the US blew past $5 this week for only the second time in history. (Russia’s 2022 invasion of Ukraine marked the fuel’s first foray into previously unfathomable territory.) Although most consumers are far more concerned with the price of gasoline, it’s the even sharper increase in diesel that has businesses on alert. That’s because it powers nearly every industry, from the tractors plowing the fields to the machinery erecting buildings to the semitrucks, trains and buses that transport goods and people coast-to-coast. Diesel is the trucking industry’s second-largest expense, after driver pay, accounting for about a fifth of operating costs, according to Bob Costello, chief economist at American Trucking Associations. Bloomberg News Oil Reporter Nathan Risser joins Bloomberg Businessweek Daily to discuss. He speaks with Carol Massar and Tim Stenovec. Three weeks into the Iran war, there’s an ever-growing gap between the price of oil futures and supplies that determine costs for consumers in the real world.
The global Brent benchmark has jumped about 50% to around $110 a barrel as the near-complete closure of the Strait of Hormuz and attacks on Middle East energy facilities choke supplies. But the cost of almost every physical barrel is surging even more, as tight supplies boost prices of products that consumers actually use, like gasoline, diesel and jet fuel.
Read more below the vid on youtube.


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