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Analysis: G7 oil stock release will only briefly cool prices, analysts warn
Brent dropped roughly 3% to $99.25 after the G7 pledged up to 100 million barrels from strategic stocks, yet Barclays lifted its fourth quarter forecast to $115 as inventories shrink and Gulf flows stay restricted
Europe to release huge share of its diesel reserves, says Trump, as G7 puts 100 million barrels on the market
US President says Europe has agreed to release a large share of its strategic diesel reserves, while the G7 says 100 million barrels will reach the market over the next four months
First meeting at Maximos Mansion today on international oil prices as difficult winter looms
The situation calls for intervention and there are fiscal reserves, but they are not unlimited – Based on the data available so far, there appears to be no intention of a unified European response to the sharp rise in prices
Strait of Hormuz: Only two tankers passed in 24 hours — new three-month low in transits
One VLCC and one VLGC were the only cargo vessels to pass through the strait toward the Persian Gulf on Monday — the “dark” side of traffic and the 5 million barrels not fully captured by AIS
Secret tanker crossings are keeping oil prices from soaring through the Strait of Hormuz
Satellite imagery shows dozens of tankers switching off transponders daily as producers reroute supply through pipelines and reserves, while Washington shifts to sustained pressure on Iran, pushing crude toward $100 amid Gulf attacks this week
Abu Dhabi cuts economic ties with Iran, with Fujairah’s maritime gateway at the epicenter
All commercial and financial transactions are frozen until further notice - The decision threatens to block payments, refueling & cargo transshipments, while only six vessels crossed the Strait of Hormuz on Tuesday
The War of the Straits: 3+1 chokepoints are reshaping the map of global shipping
Hormuz, Bab el-Mandeb, Suez and the Black Sea are increasing distances for ships, fuel costs, insurance premiums and freight rates, and are altering the geography of energy flows
