Secretary Wright Sees "Few More Weeks" Of High Gas Price As Memorial Day Travel Nears

Oil Tanker Rates Hit Record Highs as Middle East Shipping Risks Soar By Tsvetana Paraskova of OilPrice.com Oil tanker rates have jumped to record highs as escalating risks to shipping in and out of the Middle East are prompting traders and tanker operators to undertake inefficient and more expensive trade routes. While the crude oil supply is actually there, shipping it through the Strait of Hormuz remains a very risky endeavor, especially in light of the escalating U.S.-Iran tanker war in the Persian Gulf and the Gulf of Oman, while Saudi Arabia...

Global Diesel Crunch Deepens As Record US Distillate Exports Race To Supply-Starved Europe US distillate exports surged to a record last week as global supplies tightened. Disruptions across the Gulf area and various surrounding maritime chokepoints, as well as Ukrainian one-way attack drone strikes that have paralyzed portions of Russia's energy infrastructure, have been a major boon for US refiners and export terminals along the Gulf of America. To begin the week, Samantha Dart, co-head of global commodities research at Goldman Sachs, told Bloomberg TV, "The situation in Russia is really...

Spain Gasses Its Own People; Police Probe Migrant/Soros NGO Acid Buys In Ceuta Authored by Steve Watson via Modernity News, Spanish National Police have been examining a bulk purchase of hydrochloric acid and aluminium foil in Ceuta after supermarket staff flagged a large group of migrants, reported as mostly Moroccan, buying the two products together. Spanish outlets citing police sources identified activists from the NGO No Name Kitchen as accompanying those buyers. Investigators have been trying to establish whether the materials were meant for homemade "acid bombs" - plastic bottles packed with...