…as an oil trading legend. The SPR is an emergency stash of crude oil — the world’s largest — that was created to ease oil supply problems or shortages. It…

…2019. Average monthly U.S. crude oil production established a monthly record high in December 2023 at more than 13.3 million b/d. The crude oil production record in the United States…

If you have been reading and earlier commentary Oil Prices are Up, you will get a pretty idea of what is happening with Oil Prices since Trump decided to bomb…

…based in the Dutch East Indies, now Indonesia, originally actually dealing in shells but then in oil production), Sir John John Campton, Chairman of then Anglo-Persian Oil Company, which became…

…today’s world the marginal oil supply is US fracked oil. But the economics of fracked oil differs from traditional oil in that the current cost of production is very high…

…with SPR at a 34½ year low & US oil supplies at a 17 year low; total oil + products inventories at a new 13½ year low even with highest…

The concept of the so-called Oil Curse is that countries that have an abundance of oil tend to be basket cases – undemocratic, kleptocratic, and poorly developed. The Oil Curse…

RJS Focus on Fracking Summary: Oil price sees highest weekly close in 13 years; natural gas price hit new 13 year high before falling back Oil prices rose for a seventh…

…release of oil from the SPR. Granted much of this may have been sweet oil which the US refining capability is in sour oil. hopefully there are safeguards in place….

Some of the latest oil news from Oil Price, March 6, 2027 March 6. 2026: Brent tops $90 as the Strait of Hormuz closure halts Gulf oil flows and Iraq…