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US Gasoline Inventories Plunging On Surging Exports, Resilient Demand
US Gasoline Inventories Plunging On Surging Exports, Resilient Demand
Prompt Brent/WTI crude nearby futures increased by 5/7% week-over-week to $105/101 as flows through the Strait of Hormuz remained very low and on limited signs of progress on a US-Iran deal.
Meanwhile, as global oil inventories collapse at a record pace yet sliding Chinese demand and strategic releases from Beijing keep crude prices relatively stable, Goldman writes that the US gasoline market has become very tight, with inventories drawing at a rapid average pace of 0.7mb/d since April 1st to 5% below their...
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Apr 7, 2026 / Tyler Durden
US Already Spent Over $42 Billion & Counting On Iran War
US Already Spent Over $42 Billion & Counting On Iran War
This week will see the Iran war reach 40 days of fighting, which is a far cry from the mere "four days" some US administration officials offered as a possible 'optimistic' timeline at the very opening of Trump's Operation Epic Fury.
According to the Iran War Cost Tracker portal, the US military operation has cost more than $42 billion thus far. The tracker has arrived at this figure largely based on a Pentagon briefing to Congress on March 10, which disclosed...
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Apr 29, 2026 / Tyler Durden
US Oil Exports Soar To New Record High As Inventories Tumble, SPR Drained Most Since October 2022
US Oil Exports Soar To New Record High As Inventories Tumble, SPR Drained Most Since October 2022
One week ago we lamented that the record oil inventory drawdown, which has seen over 250 million barrels drained from storage since the start of the war, has not led to higher oil prices (for those who missed it, Goldman forecast that global visible oil inventories are likely to reach record-low levels even in an optimistic scenario where Hormuz flows start to recover by the end of April).
Moments ago the already precarious inventory picture...
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Apr 17, 2026 / Tyler Durden
"Mr. Biden Lives Abroad": Hunter Leaves Country As Former Lawyers Seek Millions
"Mr. Biden Lives Abroad": Hunter Leaves Country As Former Lawyers Seek Millions
Authored by Jonathan Turley,
“Mr. Biden lives abroad.”
Those four words in a filing from Barry Coburn confirmed what had long been rumored about his client: Hunter Biden has left the country as his former lawyers and creditors seek millions in unpaid debts.
He added, “He cannot pay his current lawyers.”
As I wrote about years ago, Biden’s art grift would dry up as soon as he could no longer deliver influence and access to power. Reportedly unable to move art, Hunter has moved...
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