We know what’s coming and we are prepared.
🇨🇴✔️🇺🇸 — 🇻🇪 The president of Colombia, Gustavo Petro, officially acknowledges that the United States bombed an ELN factory in Maracaibo, Venezuela, and contradicts Nicolás Maduro, who denies that this happened:
“It turns out that many boats attacked with missiles, as is happening in the seizures we carry out in Colombia or, with our help, outside Colombia, were not carrying cocaine but cannabis.
A paradoxical problem: in the U.S., in many places it is legal. And the Colombian Congress should not have allowed its illegality; it was lost by one vote. That vote has taken the lives of many humble boatmen, and not of a single U.S. consumer or consumer anywhere in the world. Trump is completely wrong. Cocaine to Europe is moving by submarine and container. Cannabis is what is being illegitimately attacked.
The ELN in Catatumbo, and the 33rd Front, must decide whether they are going to compete for cocaine or for Peace. Only about 5% of the cocaine produced in Colombia passes through there.
We know that Trump bombed a factory in Maracaibo; we fear that they mix coca paste there to make cocaine and take advantage of the location on Lake Maracaibo.
It is simply the ELN. The ELN is allowing, through its racketeering and its mental dogma, the invasion of Venezuela.
The Colombian army must immediately take a ‘Gringo edge’ in Catatumbo and replace crops. Today, due to the expansion of coca leaf cultivation in Latin America, faced with a demand that is growing only too much in Europe, the price of cocaine has collapsed. There are huge warehouses in Africa storing dozens of tons of cocaine, and the price of coca leaf in Colombia has collapsed; cannabis and illicit gold are now more profitable than cocaine.
It is time for substitution; the state must take advantage of it.
They have made Trump believe that I am a front man for Maduro, hence his recent references to me. I thought U.S. intelligence was more professional, or that, if it is, the president of the U.S. does not listen to it and surrounds himself with greedy far-right figures who are not seeking the truth.
A few days after the New Year, I will recount the particularities of my relationship with Chávez’s progressive movement and my frustrations about what remained of his government after his death.
I do not know whether Maduro has illegitimately taken wealth from Venezuela; in our country there is no evidence of drug trafficking on his part. The generals we proved were negotiating cocaine were in sedition with the support of the Colombian government, seeking a coup in Caracas.
But by now professional investigators in the U.S. should have verified that neither I nor my close relatives have assets outside the country or in Colombia, other than my home, for which I am still in debt.
Even The New York Times has already published a journalistic article saying that they have found no evidence against me to keep me on the OFAC list.
What a mess by the U.S. government. My last phone conversation with Maduro was about how to jointly strike the ELN on the border. I am a free man and always will be, and I do not care about greed.”
Gustavo Petro (@petrogustavo) on 𝕏 🖇
🇺🇸 #Oklahoma high school principal (Kirk Moore) seen charging at and disarming a school shooter.
The suspect, identified as 20-year-old Victor Hawkins, was a former student who said he wanted to shoot up the school “like the Columbine shooters did.” While taking down the shooter, Moore was shot in the leg. He is expected to recover.
When the Principal woke up that day, he never thought he would be tackling a gunman.
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🇨🇳🛢 How much strategic oil does the world actually have in reserve?
Global strategic crude oil inventories stood at ~2.5 BILLION barrels as of December 2025, according to the US Energy Information Administration.
China holds by far the largest stockpile at 1,397 million barrels, more than 3 times the US Strategic Petroleum Reserve of 413 million barrels, which itself sits at only 58% of its full storage capacity of 714 million barrels.
China added an average of 1.1 million barrels per day to its strategic inventories throughout 2025, with preliminary data suggesting it continued building stockpiles in early 2026 ahead of the Iran War.
Japan holds the 3rd-largest reserve at 263 million barrels, followed by OECD European countries at 179 million barrels.
Meanwhile, the US is releasing 172 million barrels from its Strategic Petroleum Reserve to suppress oil prices, part of a broader 400 million barrel coordinated release agreed by 32 IEA member nations in March.
🔗 ...
🛢 JP Morgan Warns Oil Market Out of Balance, Prices Must Rise
🔸The closure of the Strait of Hormuz, through which roughly 20% of the world’s oil flows, has removed 13.7 million barrels per day from global supply in April alone. A JP Morgan research note warns the market has no good way to replace it.
🔸Normally, spare production capacity in Saudi Arabia and the UAE acts as the market’s shock absorber. But that buffer has effectively been removed, eliminating the system’s first line of defense.
🔸With spare capacity unavailable, markets turned to inventories
➤ Global stockpiles are now being drained at ~7.1 mbd in April, an extraordinary pace, according to the note.
🔸Meanwhile, demand is collapsing because supply simply isn’t reaching users — “forced demand destruction.”The hardest hit sectors include:
▪️ Petrochemical plants across Asia are shutting down or slashing output as LPG, ethane, and naphtha flows from the Gulf collapse
▪️ Airline jet fuel ...
🛢⛽️ Global oil inventories are heading toward RECORD LOWS:
Global visible oil inventories have fallen -255 million barrels since the start of the conflict on February 27, to 7,864 million barrels.
Total estimated oil draws, including non-OECD refined products storage, have accelerated to 10.9 million barrels per day in April, the largest monthly draws on record since 2017.
Cumulative estimated draws since the start of the war now stand at 474 million barrels, with Hormuz flows holding at ~10% of normal, or 2.0 million barrels per day.
Meanwhile, even in an optimistic scenario where Strait of Hormuz flows begin recovering by late April, it is unlikely to prevent global visible inventories from reaching all-time lows, according to Goldman Sachs.
As inventories keep falling, physical oil markets are likely to require sharply higher prices for immediate delivery, since buyers cannot wait months for cheaper futures delivery when stocks are running critically low.
Goldman also warns...
