Mideast Chaos Sends Supertanker Rates Soaring To Near Record $1 Million A Day
Adds another layer of inflation pressure for global central banks
Adds another layer of inflation pressure for global central banks
"MAXXED OUT at $9.999!! GasBuddy data showing 5 stations..."
Just chaos...
Oil prices climb, nearing worst levels of war...
“We're still not running enough refining capacity to prevent those draws, and we keep eating into the surplus that exists around the world”
Oil tanker rates have jumped to record highs as escalating risks to shipping in and out of the Middle East are prompting traders and tanker operators to undertake inefficient and more expensive trade routes.
The Qatari cargoes would go some way towards alleviating the energy crisis in Pakistan...
Some environmental advocates opposed the approach, however...
US Crude production hit a new record high...
The deal is also part of a broader push under Vision 2030 to build out nuclear power alongside renewables and diversify an economy still tied to oil exports...
The challengers include the National Association of Home Builders, Restaurant Law Center, National Apartment Association, Maryland Building Industry Association, Washington Gas and two labor unions...
....realized skew volatility settling at a materially higher post-shock baseline, suggesting Hormuz is no longer a far-tail risk but a central risk factor to oil markets...
The Chinese government has already had to clamp down on EVs and solar panels, and now, it seems, it’s the turn of batteries.
Labor Day was more of a nuclear launchpad than a quiet weekend off…
"We raise our Brent/WTI price forecasts by $5 to $85/80 for Dec2026 and to $80/75 for 2027, reflecting our new assumption that Mideast shipping disruptions continue into 2027" - Goldman
Russia will remain a key crude oil supplier to India, Russia’s Ambassador to India, Denis Alipov, said in an interview with Asian News International...
More nuclear energy seems to be the only thing Washington can agree on…
Atomic power improves its political standing in the Empire State…
Washington's nuclear fast track is getting a much bigger roster...
Oil would give Citadel another physical position behind its commodities trading business.
