US Admiral Brad Cooper has presented a plan for another intensive 10-14 campaign to reduce Iran’s missiles. Ship-to-ship transfers off Oman and the UAE have surged, satellite images show tankers lining up to quietly hand off crude outside the danger zone, and Bloomberg data shows volumes climbing back toward 4–7 million barrels a day for …
China cut oil imports hard — and why it is not and may never rush back. China cut crude imports from 11.7 million b/d in February to just under 9 million by late May, and by May imports hit 7.8 million b/d — the lowest since 2018 — with state refinery run rates at 66.3%, …
Traffic has rebounded sharply since the US-Iran MoU/deal around June 17–18, 2026, which eased the effective blockade and sanctions waivers. However, it remains volatile, below pre-war levels. Traffic has rebounded sharply since the US-Iran MoU/deal around June 17–18, 2026, which eased the effective blockade and sanctions waivers. However, it remains volatile, below pre-war levels June …
Based upon oil flows Hormuz were 15-20% open at 3 to 4 mbpd last month (May) but yesterday 17 mbpd. This means Hormuz was 85% open. 17 mbpd is 85% of 20 mbpd. It was 20% open with complete opposition from Iran. And now it is 85% open. The ships know they are getting through. …
Gasoline futures for July are under $3 per gallon and Oil is $76 per barrel. AAA Gasoline prices are almost under $4 per gallon. Brian WangBrian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many …
There could be a deal between the USA and Iran. This would restore oil traffic over the next 30-60 days. The US has a southern route through Hormuz that has about 3-7 million barrels per day which is two to four large oil supertankers per day. US Energy Secretary Chris Wright said vessels under US …
There are three pipelines operating now to take oil around the Hormuz blockage. The East-West Crude Oil Pipeline (Petroline) in Saudi Arabia, and the UAE’s ADCOP pipeline and the Iraq Kirkuk–Ceyhan (Turkey) Pipeline. The Iraq Turkey pipelin is at an initial ~250k bpd but could ramp over the next month or two to 400k-650k bpd. …
Commissioned in May 2015, the Edmonton Rail Terminal is one of the largest crude oil loading facilities in North America. It will accommodate up to three unit trains per day comprised of 150 railcars each. The facility is capable of loading 76 individual railcars at one time, achieving an ultimate capacity of approximately 250,000 barrels …
The UAE had steadily increased production to around 3.6 million bpd. The UAE’s stated crude oil production capacity currently stands at 4.85 million bpd, with an official target to raise that to 5.0 million bpd by 2027 through continued upstream investment led by ADNOC. Only the UAE and Saudi Arabia currently have pipelines around the …
US has total oil products production equal to Saudi Arabia and Russia combined. The US exported over 5 million barrels of oil per day last week, a record high, amid the Iran War. In aggregate, the US exported a record 12.7 million barrels of crude oil and refined products per day last week. Total extra …
Iranian retaliation has caused an effective closure of the Strait of Hormuz since ~March 2–4. Traffic has dropped from 150+ vessels/day to near-zero on many days, with 21+ confirmed attacks on merchant ships. This matches the scenario’s description of disruption, price spikes, and US-led response pressure. Reopening Hormuz is economically non-optional. It carries 20% of …