Brandon Garcia5 min read
Why Are Gas Prices So High Now
Crude oil has plunged toward a 52-week low after a US-Iran peace deal reopened the Strait of Hormuz. Now President Trump is directing the DOJ to probe why gasoline prices…
crude oil
Brandon Garcia5 min read
Louis Fleming6 min read
Oil Drops Below $75 for the First Time
Crude oil has shed roughly 27% over the past month as a US-Iran peace deal promises to reopen the Strait of Hormuz. But depleted strategic reserves, razor-thin Cushing storage and…
Louis Fleming5 min read
VLCC Rates Surge to 470000 Dollars a Day
Tanker rates on Persian Gulf routes have gone vertical since the U.S.-Iran MOU, with one VLCC booked at 897% of benchmark costs. Yet USO is falling toward its 52-week low.…
Jorge Hernandez5 min read
What Is Driving Global Oil Prices Down?
Crude oil plunged nearly 5% Wednesday to its lowest level since before the Iran war, as U.S. and Iranian negotiators opened formal peace talks in Switzerland and Trump confirmed toll-free…
Tommy Spencer6 min read
Oil Storage May Drive the Next Billion Barrels
The Strait of Hormuz closure left SPR stocks at 1983 lows and Cushing near operational minimums. Now India, Australia, and Saudi Aramco are racing to build reserve capacity — and…