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Oil Conundrum: Record Inventory Draws And Stable Crude Prices
Oil Conundrum: Record Inventory Draws And Stable Crude Prices
Something strange is taking place in oil. Crude prices have been remarkably stable over the last week, with Brent mostly trading in the high 90s on mixed prospects for the resolution of the over 7-week conflict in the Persian Gulf, despite signs to the contrary: the second round of talks between the US and Iran has been postponed indefinitely following Iran’s decision not to participate; President Trump extended a ceasefire “until such time as their proposal is submitted, and discussions are...
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EU's Russian LNG Imports Hit Record High Ahead Of 2027 Ban
EU's Russian LNG Imports Hit Record High Ahead Of 2027 Ban
Authored by Alex Kimani via OilPrice.com,
The European Union imported a record 9.97 million metric tons of liquefied natural gas (LNG) worth €5.96 billion (~$6.82 billion) from Russia's Yamal LNG facility in the first half of 2026, marking a 16% increase compared to the same period in 2025 as they front-loaded Russian energy supplies ahead of impending phase-out bans.
Kpler data shows that European buyers absorbed over 97% of the Siberian facility's total output during the first half of the year, despite...
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May 11, 2026 / Jason Ditz
UN Peacekeepers Report 1,296 Israeli Strikes in Three Days in Lebanon Despite ‘Ceasefire’
A growing number of Israeli strikes on Lebanon has led to death tolls once again on the rise, despite what is notionally a ceasefire in place between the two countries. The UNIFIL peacekeepers documented 1,296 Israeli military strikes in the past 72 hours. This left at least 87 people killed over the weekend in over […]
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