The number of oil tankers that are transiting through the Strait of Hormuz is an important indicator, but a more important indicator is the number of oil tankers that are entering the Persian Gulf through the strait vs. the number exiting. That number provides a strong indication of mid-term crude oil supplies/prices.
There are rumors that the number of oil tankers exiting through the strait exceeds the number entering, by a significant amount. If true, then higher oil prices will be with us for quite a while.
In around a couple of weeks, the U.S. strategic oil reserve will be at its minimum required level. If/when that level is hit (It should be hit, since Iran's crude has be re-blockaded,), then sh!t's gonna get real.
AI sayts "On Sunday, a combined total of only 6 to 14 ships (including about 4 to 6 oil tankers) transited the Strait of Hormuz in both directions. This volume represents a dramatic drop of about 60% compared to previous days, marking a multi-week low as operators exercise extreme caution amid escalating strikes and tensions between the U.S. and Iran." ... much more than one.
This simply is not possible. Trump said we won the war over 3 months ago. Trump said he destroyed all of Irans military capability. Trump said gas would go right back down to $2 a gallon. Gas is $2 a gallon right?
Some of the best info available here. The felon in chief is killing world trade and only making china stronger and the USA and the $ weaker. A despicable troglodyte who destroys everything he touches.
Having all this knowledge and watching this play out is very surreal. There are so many headwinds, but they're all being ignored because as long as the money keeps getting pumped into stocks, number goes up. People don't want to back out at any point for fear of missing out. It doesn't seem sustainable for much longer, but I bet the market will keep going up at least into 2027
2019: bank intra-night lending rates break all records for increase/time.
(Early) 2020: oil prices start to decline prior to illness of unknown origin.
I’m not saying, but I am saying…
In the IEA June - 2026 Report, they say that prior to the war, supply was 108.4 mb/d and demand was 104 mb/d (there was a surplus of about 4.4 mb/d.) By June, 2026 supply was down by 13.6 mb/d. Supply in June's Report (from May's numbers), was 94.5 mb/day and demand is still 104 mb/day. That means that we had a shortfall in May of 9.5 mb/day. And keep in mind, using the IEA numbers, they are already taking into account ALL supply sources like the pipeline across Saudi Arabia and Venezuela (for instance), and given ALL oil, from ALL sources, in May there was still a global shortfall of 9.5 mb/day. So where has the world made up those 9.5 mb/day? Well from the SPR of course. The IEA says that as of may, the world has taken 3.8 mb/day from the global SPR (since the start of the war). The math says that at 3.8 mb/day since the start of the war, we had pulled 349.6 million barrels from the global SPR. If you extrapolate that out through June, that means we have pulled 463.6 million barrels from the global SPR. Take China out of the equation and there was less than a billion barrels of oil in all of the other Global SPR's combined. We have burned through more than half of the global supp
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There are rumors that the number of oil tankers exiting through the strait exceeds the number entering, by a significant amount. If true, then higher oil prices will be with us for quite a while.
In around a couple of weeks, the U.S. strategic oil reserve will be at its minimum required level. If/when that level is hit (It should be hit, since Iran's crude has be re-blockaded,), then sh!t's gonna get real.
for over two years - looks like aa good entry point might be forming here.
Although it is not as long as the longest 24 hours still going on today.
Very confused for 60 days already.
Now what?
(Early) 2020: oil prices start to decline prior to illness of unknown origin.
I’m not saying, but I am saying…