Oil Market News, OPEC+, sanctions and price shocks

[chieftain]

Grab as much as you can because i imagine that was all fake paper fuckery.

They've come down more since.

 

[searcher]

US Seeks Forfeiture of Seized Oil Tankers Linked to Iran

The US is seeking forfeiture of two Iran-linked oil tankers seized by naval forces enforcing a blockade against the Islamic Republic, according to a senior administration official.

gcaptain.com

 

[searcher]

Trump met with oil firms on possible months-long extension of Iran blockade​

WASHINGTON, April 29 (Reuters) - U.S. President Donald Trump met with top officials from Chevron and other energy companies on Tuesday to talk about possible steps to calm oil markets if the blockade of Iranian ports continues for months, a White House official said on Wednesday.

The talks focused on U.S. oil production, oil futures, shipping and natural gas, the official said.

"They discussed the steps President Trump has taken to alleviate global oil markets and steps we could take to continue the current blockade for months if needed and minimize impact on American consumers," the White House official said.

Chevron's spokesperson said CEO Mike Wirth attended the meeting to discuss global oil markets, which have been roiled by the U.S.-Israeli war with Iran.

More:

https://www.msn.com/en-us/money/mar...of-iran-blockade/ar-AA220nG4?ocid=socialshare

 

[searcher]

Alaska proved reserves increased in 2024, while nationwide proved reserves fell - U.S. Energy Information Administration (EIA)

www.eia.gov

 

[searcher]

 

[searcher]

How an Oil Refinery Works

Though wind and solar continue to carve out larger and larger shares of world energy supply, the modern world still runs on petroleum, and will continue to do so for the foreseeable future.

www.construction-physics.com