We know what’s coming and we are prepared.
🛢 Oil prices to rise further on Monday as Mideast war escalates
Oil prices look set to rise further on Monday, having closed before the weekend at their highest in nearly four years, after U.S. and Iranian threats to target energy facilities, analysts said on Sunday.
U.S. President Donald Trump on Saturday threatened to "obliterate" Iran's power plants if Tehran did not fully reopen the Strait of Hormuz within 48 hours, a significant escalation barely a day after he talked about "winding down" the war, now in its fourth week.
Iran warned on Sunday it would attack U.S.-linked infrastructure, including energy and desalination facilities in the Gulf, if Trump carried out his threat.
On Friday, Brent futures for May settled up 3.26% at $112.19 a barrel, the highest since July 2022.
"President Trump's threat has now placed a 48-hour ticking time bomb of elevated uncertainty over markets," said IG market analyst Tony Sycamore. If the ultimatum is not walked back, oil prices will spike on Monday, he said.
"It clearly means more escalation which means higher oil prices. Some are incorrectly thinking, however, that Iran may cave," said Amrita Sen, founder of Energy Aspects. "Trump is trying to show he can out-escalate and that way ends in scorched earth for Gulf infrastructure."
Pedophile elites wanted to buy an Island, asked if it "comes with children".
Agent replied, the Island "does have a small school"
They don't know camera was rolling
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🇺🇸 #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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🇺🇸⚔️🇮🇷 Iran expects the U.S. to attack it soon — Fars News Agency
Deputy Inspector of the Khatam al-Anbiya Central Headquarters, Jafar Asadi: A renewed conflict between Iran and the United States is likely, and evidence has shown that the U.S. does not adhere to any agreements.
The actions and statements of U.S. officials are mostly media-driven, primarily aimed at preventing a surge in oil prices and secondly to escape the predicament they themselves have created.
The armed forces are fully prepared for any new American adventurism and recklessness.
Not only the armed forces and the people, but also political groups that sometimes had disagreements, have now come to understand the importance of maintaining unity.
🛢 JP Morgan: Oil Flash Note: The Illusion of Plenty
In this war-driven oil shock, inventories have become the market's primary balancing mechanism. Unlike a typical disruption where spare production capacity can be mobilized quickly, the location of the shock and the scale of the supply losses mean the immediate adjustment comes from barrels in storage. Inventories are acting as shock absorbers of the global oil system.
Of 8.4 billion barrels held in storage, 6.6 billion are onshore and 1.8 billion are offshore. Some of the offshore barrels are simply in transit from producers to customers, others — such as Russian or Iranian crude — effectively function as floating storage. By type, 5.2 billion are crude while 3.2 billion are refined products. Visibility varies wildly. OECD inventories are among the most transparent because member countries maintain strategic reserves, collect standardized data and publish timely statistics. Much of the world is less visible, particularly in developing countries. ...
🇺🇸🛢 The most visible oil inventories are about to plummet
Several things need to be noted first before looking at tanker data:
We are still offloading some of the tankers inbound laden with crude. These are temporarily keeping US crude imports elevated. The same VLCCs discharging crude turn into export volumes in 1-2 weeks.
We have an armada of empty VLCCs headed for the US, which will drain US commercial crude inventories dry.
All the while, we will continue to drain product inventories in the US. Petroleum product exports are expected to remain near all-time highs.
The snapshot above is our preliminary US crude storage estimate for next week, which includes 7.1 million bbls from the SPR. The final SPR release figure could be higher next Monday, so we will have finalized estimates out by then.
What’s not shown above is what happens to US commercial crude storage when 1) US refinery throughput ramps up to 16.8 to 17 million b/d and 2) US crude imports fall to 5.5 million b/d due ...
