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US Oil Premiums Hit Record High As World Scrambles For Crude
US Oil Premiums Hit Record High As World Scrambles For Crude
By Charles Kennedy of Oilprice.com
The premiums for U.S. West Texas Intermediate crude have soared in the spot market to a record high of between $30 and $40 per barrel above key regional benchmarks as Asia and Europe scramble for supply amid the de facto closure of the Strait of Hormuz.
WTI Midland is being offered for July delivery in north Asia at premiums of between $30 and $40 per barrel, depending on the benchmark against which they are marked, trading...
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Apr 22, 2026 / Tyler Durden
Duffy Seeking $10 Billion From Congress To Revamp Air Traffic Control System
Duffy Seeking $10 Billion From Congress To Revamp Air Traffic Control System
Authored by Aldgra Fredly via The Epoch Times,
U.S. Transportation Secretary Sean Duffy said on April 21 the department requires $10 billion in additional funding from Congress to overhaul the nation’s air traffic control with a new software system.
Duffy told Reuters in an interview that the additional funding would go toward developing new software aimed at improving the efficiency of air travel and reducing flight delays.
“This tool lets us see and then spread flights in a way that allows...
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Apr 12, 2026 / Tyler Durden
India's Nuclear Bet Is Starting To Pay Off
India's Nuclear Bet Is Starting To Pay Off
Authored by Haley Zaremba via OilPrice.com,
India's fast breeder reactor in Tamil Nadu achieved criticality earlier this month, making it self-sustaining and only the second commercial plant of its kind in the world.
The 500-megawatt plant advances India's goal of reaching 100 gigawatts of nuclear capacity by 2047, up from roughly 9 gigawatts today.
While the milestone is significant, experts warn India's 'all of the above' energy strategy may need to become more targeted as demand grows.
India has reached a milestone in its nuclear energy...
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Mar 7, 2026 / Mark Thornton
Iran War Hype, Gold, and the Fed’s Debt Bubble
Iran escalation, fragile debt markets, and gold flashing warning signs. Mark Thornton explains why this bubble won’t end gently.
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