Futures At New Record High On Tech, Tehran, Trade, Taiwan And Tariffs

Global Coal Demand Surges As Middle East Energy Crisis Deepens Authored by Tsvetana Paraskova via Oilprice.com, Global coal shipments and imports surged in March and April as buyers scrambled for fuel amid massively disrupted oil and gas supply from the Middle East. The trend has been accelerating in recent weeks, and global coal imports are on track to reach their third-highest monthly level on record, according to estimates by analytics platform Kpler cited by the Financial Times. In the wake of the worst oil and gas supply disruption in history, coal is back in...

Hormuz To Year-End: Bullish Or Bearish? With hopes of a permanent truce being continually undermined by minor skirmishes and blockade infringements, it remains unclear whether this war is close to ending. And while oil prices gyrate from one Trump Truth post to the next, two weeks of Brent above $100/barrel (only just inching below as of this morning) suggests the market is not buying into the quick resolution narrative. Though it is worth asking the question, what if the peace talks are truly different this time? Joining ZeroHedge tonight at 7pm ET...

Oil prices hovered around $90 per barrel: "Seven nations are scheduled to meet Tuesday to discuss a possible joint release of stockpiles to help ease the supply disruption."