Oil Market News, OPEC+, sanctions and price shocks

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www.construction-physics.com

Helium Is Hard to Replace

The war in Iran, and the subsequent closure of the Strait of Hormuz, has unfortunately made us all familiar with details of the petroleum supply chain that we could formerly happily ignore.
www.construction-physics.com www.construction-physics.com
 
oilprice.com

Brent Holds at $105 as Iran Talks Temper Rally | OilPrice.com

Oil prices are heading for a sharp weekly gain, with Brent steady at $105, but renewed hopes for U.S.-Iran diplomacy are capping further upside and keeping markets below the $110 threshold.
oilprice.com oilprice.com

oilprice.com

Is the U.S. Blockade of Iran a Winning Strategy or a Strategic Gamble? | OilPrice.com

A U.S. naval blockade has sharply reduced Iran’s oil exports and economic activity but has so far failed to compel Tehran into peace negotiations, raising the risk of prolonged conflict.
oilprice.com oilprice.com
 
www.csis.org

How to Interpret Wartime Oil Prices

Most oil market observers look to frequently quoted futures markets to represent the price of oil. But in the current supply disruption caused by the Iran war, the less publicized physical oil market is the best barometer of scarcity.
www.csis.org www.csis.org
 
An Aussie perspective as of 2217 hours, 25 April.

- Unleaded gasoline prices are down 50 cents per litre from their peak, average around my parts now seems to be $1.77/L
- Diesel has come off the boil pretty hard too, back to $2.50/L (hit $3.60 not two weeks ago).
- LPG has gone up 25c/L since a month ago, that one is completely unexplained and no correlation to anything as so much is made here.
 
splash247.com

Qatar LNG faces long road back after unprecedented disruption - Splash247

Qatar’s LNG export machine has suffered its most severe disruption in more than two decades, with analysts warning that while flows could partially recover within months, a full return to pre-war levels may take years. Data compiled by tanker and gas analyst Nikolas Zannikos at AXSMarine shows...
splash247.com splash247.com
 
Whoa...

Just days after the UAE publicly signaled liquidity concerns by requesting swap lines from the Federal Reserve to ease pressures on the country's banks, major Gulf oil producer, the UAE, has decided to exit the oil cartel - an unexpected development that crossed Bloomberg headlines on Tuesday morning around 0822 ET.
...
Click to expand...

First Of Many? UAE Exits OPEC As Iran Chaos Triggers Nationalistic Realignment Among Producers<!-- --> | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com
 
chieftain said:
An Aussie perspective as of 2217 hours, 25 April.

- Unleaded gasoline prices are down 50 cents per litre from their peak, average around my parts now seems to be $1.77/L
- Diesel has come off the boil pretty hard too, back to $2.50/L (hit $3.60 not two weeks ago).
- LPG has gone up 25c/L since a month ago, that one is completely unexplained and no correlation to anything as so much is made here.
Click to expand...

Grab as much as you can because i imagine that was all fake paper fuckery.
 
Is the UAE/OPEC move a quid pro quo move instigated by the USA in exchange for a USD swap line? I posted this on X earlier today:

I think KSA is the lynchpin. Petrodollar was protected by KSA's influence in OPEC. Once MbS ascended to power, KSA's relationship with the USA has been a bit more contentuous. Their flirtations with the BRICS is also a concern I would imagine.

I could see the UAE/OPEC news as a signal that the USA wants to weaken OPEC/KSA power over the market. But this isn't my wheelhouse, so I could be way off base here.
 
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