Article
Global Oil Demand Growth Completely Wiped Out By Gulf Energy Shock
Global Oil Demand Growth Completely Wiped Out By Gulf Energy Shock
The global demand destruction playbook we outlined last month, describing how the Gulf energy shock would spread across continents, is now materializing on a large scale. The International Energy Agency said in a Tuesday update that global oil demand will decline this year for the first time since 2020.
"The Iran war has thoroughly upended the global outlook for oil consumption," the IEA wrote in its Oil Market Report. "Demand destruction will spread as scarcity and higher prices persist."
The IEA...
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Mar 18, 2026 / Tyler Durden
US Strikes Iran Energy Assets, Tehran Vows Retaliation; Iran Intel Chief Killed, Trump Muses On 'Finishing Off Terror State'
US Strikes Iran Energy Assets, Tehran Vows Retaliation; Iran Intel Chief Killed, Trump Muses On 'Finishing Off Terror State'
Summary
Israel says Iran's intelligence chief Esmail Khatib was eliminated overnight as pace of top leadership killings accelerates.
Iran says upstream oil and gas assets are under attack for first time since war began, readies retaliatory action against oil/gas assets in Gulf area, including Qatar, Saudi Arabia, & UAE
Iraq reroutes some flows through Ceyhan Pipeline to Turkey
Iran reiterates new rules in place for Hormuz transit as traffic remains de-minimus, sparking reports that "the...
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May 2, 2026 / Tyler Durden
Trump On Hormuz Blockade: "We're Like Pirates - And It's Very Profitable"
Trump On Hormuz Blockade: "We're Like Pirates - And It's Very Profitable"
Rare agreement with Iranian officials? President Trump has newly said the US Navy is acting "like pirates" as he described an operation about seizing a ship amid the ongoing blockade of Iranian ports.
"We … land on top of it and we took over the ship. We took over the cargo, took over the oil. It’s a very profitable business," Trump told a large audience at a rally in Florida on Friday. "We’re like pirates," he added as the crow...
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Apr 23, 2026 / Tyler Durden
"Mo Hire, No Fire" Economy Emerges As ADP Surges With Jobless Claims Flat
"Mo Hire, No Fire" Economy Emerges As ADP Surges With Jobless Claims Flat
Following the surge in ADP's weekly job additions index earlier in the week...
Today we see that the number of Americans filing for jobless benefits last week was just 214k - hovering back near record lows...
Continuing jobless claims inched back above 1.8 million Americans last week but remains near two year lows...
So are we morphing from "no hire, no fire" to a "mo more, no fire" economy?
Tyler Durden
Thu, 04/23/2026 - 08:34
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