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Iraq Tells Buyers To Collect Crude Which Can Now Cross Hormuz, While US Boosts Ship Reinsurance Guarantees To $40BN
Iraq Tells Buyers To Collect Crude Which Can Now Cross Hormuz, While US Boosts Ship Reinsurance Guarantees To $40BN
Over the long weekend, we reported that with traffic across the Hormuz strait continuing to rise, and reaching the highest since the war began, one particularly favorable development was Iran's permission for Iraqi ships to use the Strait. We also noted that this declaration had the potential to unleash as much as 3 million barrels a day of Iraqi oil cargoes.
That said, there was the caveat that it was not immediately clear...
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Jun 1, 2026 / Tyler Durden
BP Sells 5% Stake In Australia's Newest $35 Billion LNG Project
BP Sells 5% Stake In Australia's Newest $35 Billion LNG Project
By Tsvetana Paraskova of OilPrice.com
BP will sell 5% in the $35-billion Browse LNG project in Australia, which Australian energy giant Woodside is looking to progress, the UK-based supermajor told Reuters on Monday.
BP is selling the 5% stake, out of its total of its 44% interest, to South Korea's GS Energy.
“The dilution reflects BP’s disciplined approach to portfolio management by bringing in a committed partner,” BP said in a statement emailed to Reuters.
The Browse LNG project in Australia, proposed by...
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Mar 28, 2026 / Tyler Durden
'No Kings' Rallies Erupt Nationwide
'No Kings' Rallies Erupt Nationwide
Latest developments:
Crowds are described as “massive” in St. Paul, with live video showing thousands filling the capitol grounds and surrounding streets in cold weather.
Confirmed speakers at the St. Paul flagship event include Minnesota Gov. Tim Walz, U.S. Sen. Bernie Sanders, Rep. Ilhan Omar, Jane Fonda, Joan Baez, and singer Maggie Rogers.
Bruce Springsteen is scheduled to perform his January 2026 protest anthem “Streets of Minneapolis,” written after the fatal shootings of Minnesotans Renee Good and Alex Pretti during federal immigration enforcement operations earlier this year.
Parallel marches...
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Apr 8, 2026 / Tyler Durden
Evidence Points To Ukraine Being Behind TurkStream Attempted Sabotage (To No One's Surprise)
Evidence Points To Ukraine Being Behind TurkStream Attempted Sabotage (To No One's Surprise)
Via Remix News,
Secret service documents allegedly prove that the Ukrainians planned to blow up the Turkish and Blue Stream pipelines years ago, permanently cutting Europe off from cheap Russian gas, reports Magyar Nemzet, citing a report out of Ellenpont.
However, Serbia’s intelligence chief is denying that Ukrainians were the perpetrators, instead claiming that they had reports of a possible attack planned by a certain migrant gang group of radical muslims but had not considered it legitimate intel.
However, this same chief also...
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