The crude inventories are in good shape for this time of year...
It should be noted that the total inventory of Petroleum and Petroleum products are at the highest since April, 2022.
Consumption is near year ago levels, with pricing slightly down.
Am I the only one noticing that Venezuela crude and Urals crude is similar?
Am I the only one noticing how the same people saying Trump does nothing but lie, lie, lie, are in a rush to treat his every utterance as the Gospel? I guess irrational behavior would create such opposing views.
I periodically watch a certain UK news station. It was a constant bombardment of the U.S. seizing an oil tanker in the North Atlantic... until is was announced the UK had participated. The is was all rah-rah for the UK military.
Then is was all about whether the UK was now undertaking a more active role. Yet, it came out the UK vessel was not crewed by Royal Navy, but rather by merchant marines. So who will become more active.
Of course, internation law is bandied about, but there has been literally dozens, if not hundreds of violations of "international law" over the previous decades.
If there is no one to enforce the law... is there really a law??
