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IEA Delivers No SPR Action After Extraordinary Meeting As Crude Jawboning Mania Enters Day Two
IEA Delivers No SPR Action After Extraordinary Meeting As Crude Jawboning Mania Enters Day Two
Update (1514ET):
For a second straight day, G-7 leaders attempted to push crude prices lower with headlines about an "emergency meeting" to discuss a possible Strategic Petroleum Reserve (SPR) release aimed at containing Brent and WTI crude prices. However, by late afternoon in New York, the Financial Times reported that the International Energy Agency (IEA) had concluded the meeting without reaching a decision on a coordinated release of crude stockpiles.
Today's slide in Brent and WTI was...
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May 6, 2026 / Tyler Durden
UK Faces Summer Flight Disruptions As Jet Fuel Risks Mount
UK Faces Summer Flight Disruptions As Jet Fuel Risks Mount
Via City AM,
Ministers are expected to warn Britons that flight cancellations could disrupt summer holiday plans.
Allianz Trade research says the UK is especially exposed to jet fuel shortages because of import dependence.
Airlines are weighing cancellations, surcharges, and ticket price adjustments as fuel supply risks rise.
Ministers are set to warn the British public that flight cancellations will hit summer holiday plans as new research suggested that the UK is more exposed to jet fuel shortages than other European countries.
Heidi Alexander, the...
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Apr 5, 2026 / Tyler Durden
What Season Is It?
What Season Is It?
March temperatures across the Mid-Atlantic region were all over the place, swinging from the low 70s to cold and snowy the next day; the same pattern appears to be carrying into early April.
Temperatures across the Washington, DC-Baltimore metro area were in the low 80s on Saturday, while New York City was in the high 60s.
More of March's schizophrenic weather looks set to return Monday night into Tuesday, with meteorologist Ben Noll forecasting a late-season round of snow showers across parts of the Mid-Atlantic and Northeast...
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May 10, 2026 / Tyler Durden
Secret Israeli Base Hidden In Iraqi Desert Backed Operations Inside Iran
Secret Israeli Base Hidden In Iraqi Desert Backed Operations Inside Iran
In a revelation sure to outrage Baghdad and broad swathes of the Iraqi public, Israel established a secret military base in Iraq's desert region to support air operations against Iran, related to the start of Trump's Operation Epic Fury, The Wall Street Journal reported Saturday.
Israeli forces even at one point launched airstrikes early in the conflict on Iraqi troops who approached the site and risked exposing it, per sources cited in the report. The outpost was reportedly erected under...
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