Article
WTI Holds Rebound Gains As US Fuel Exports Hit Record High, Production Dips, Huge SPR Drain
WTI Holds Rebound Gains As US Fuel Exports Hit Record High, Production Dips, Huge SPR Drain
Oil prices are lower overnight (but dramatically off their lows) amid on-again, off-again optimism of an imminent US-Iran peace deal.
Benchmark Brent fell as much as 12% to $96.75 a barrel in London, while West Texas Intermediate dropped up to 13%. European natural gas plunged as much as 14%.
Oil and gas later pared about half of those losses after Trump said in a Truth Social post on Wednesday that if Iran doesn’t agree, “the bombing...
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Mar 3, 2026 / Dave DeCamp
Trump Says US Has ‘Virtually Unlimited’ Munitions to Fight Wars ‘Forever’
President Trump insisted in a post on Truth Social on Tuesday that the US has “unlimited” munitions to fight wars “forever,” an apparent response to the concern over the US depleting its air defenses and other types of munitions in its war with Iran and questions about how long the conflict will last. “The United […]
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Jul 23, 2026 / Tyler Durden
What Is The UK Government So Afraid Of?
What Is The UK Government So Afraid Of?
Authored by Steve Watson via Modernity News,
The British government is in court to stop the public seeing the full picture of migrant crime rates.
After the Information Commissioner ordered the Ministry of Justice to release nationality-linked conviction data from 2018 to 2024, officials have launched an appeal, claiming it risks identifying offenders and costs too much.
Campaigners say the real fear is what the numbers will show about open-border policies that have left British streets, transport and communities less safe.
'Apparently in Britain we...
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May 13, 2026 / Tyler Durden
Japan's Refinery Utilization Hits 73% As Strategic Oil Stocks Flow In
Japan's Refinery Utilization Hits 73% As Strategic Oil Stocks Flow In
With global refineries working overtime to convert oil into much needed product, Japan's refinery utilization rates also surged in May, as releases from petroleum reserves and increased supply of non-Middle East crude are easing the crude supply crunch seen in March and most of April, OilPrice reported.
For the first time since March, refiners in Japan have boosted their average utilization rate to above 70% in the past two weeks, data from the Petroleum Association of Japan (PAJ) showed on...
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