China's private refiners snap up Middle East oil as prices slide

OIL PRICES PLUMMET AND RUSSIAS REALITY WORSENS The price of crude oil for delivery in three months is crumbling and the reality for Russia is incredibly harsh. With caps and forced discounts the reported crude price for Urals oil is down to $45 a barrel. Russia thought the Iran war would bring huge

“America has never been stronger than it is now, and Gas Prices will soon be back to the Record Low Prices Americans enjoyed at the pump before our very successful ‘excursion’ in Iran.”

I previously estimated that the Iran war was worth 300-400bn rub/month to Russia. If oil prices are truly down this much, then they should be back to the prewar trajectory. Taxes will be affected from August onwards.

“Crude prices collapsed by almost 30% last quarter — wiping out all of the gains from the conflict — as the US & Iran struck an interim peace deal”. 🙋‍♀️ Was this illegal & unconstitutional war simply a ploy to up oil demand & price? financialpost.com/pmn/business... www.reuters.com/markets/comm...

Ristiriitaiset ovat talouden viestit: maailmalla ennakoidaan Hormuzin sotkun vasta alkavan vaikuttaa, meillä kasvua; "Johns Hopkins economist Steve Hanke warned the US is heading toward an economic catastrophe unless the Strait of Hormuz reopens and oil prices retreat from their war-driven highs."

It recently received 50,000 tons of emergency supply from Kazakhstan, 30,000 from Belarus and is seeking to import up to 400,000 tons per month in total at standard market rates. ​Consequently, russia is now buying back its own oil in refined form at premium prices. 4/

Trump cannot order Big Oil to give gas away for free to save his ass. also, high gas prices do not "cause inflation" Trump is too stupid to understand that, like Netanyahu and Putin, he is now in bunker mode with no options. His handlers can't think of anything anyway either

And the only reason gas prices are falling is because the oil's coming from the strategic fuel reserve--which, I might add, is currently at its lowest level since 1983. ground.news/article/oil-...

They really didnt get much from those temporary spikes of oil prices caused by war in Iran. And now considering how many refineries were hit again, oil depots, pumps and all other infra... I really wonder what are debts of three largest oil producers in russia.

Diesel prices have fallen by the largest monthly amount in more than a quarter of a century after the cost of oil plummeted as the Iran crisis eased, new figures show

Don't think the oil companies didn't collude to get trump elected either, keep prices high when Biden was president, drop them when trump got elected, and take a hit on their margins to keep prices reasonable during the war no one wanted. Its billionaires working on behalf of billionaires.

At least the cash isn’t on a pallet. More seriously, this is a feature not a bug. They want to crash the oil price for the midterms and have negative MoM CPI prints. If you can’t get your voter suppression law passed, “prices at the pump” is the next best thing. Oil to $50.

Bloomberg: China’s independent refiners are taking advantage of cheaper Middle Eastern oil after flows accelerated through the Strait of Hormuz, snapping up barrels from producers including Saudi Arabia and Iraq

🛢️ #Oil "Palm oil edged lower, weighed down by declining crude prices and expectations for strong output from the second-biggest grower, Malaysia."

The Strait of Hormuz appears “closed” now for at least a week-plus that I can see. Minimal to no oil tankers passing thru. Why is Trump covering this up? Why is the media not questioning this? How are gas prices not skyrocketing like it had in past closures? Questions? Manipulating?