U.S. Oil Reserves To Dry Up Before August?

"Approaching Unheard Of Inventory Levels": Exxon, Chevron Issue Apocalyptic Warning About What Happens Next To Oil Just about two months ago, JPMorgan did the math on "How Long Before The World Hits Crude Oil Operational Minimum." The punchline was that while the market can hold hundreds of millions of barrels, it would still become fragile once working stocks fell too low. Like blood pressure in the human body, the issue is circulation.  Then, approximately 4 weeks later, the bank followed up this analysis with some more math, explaining "Why Hormuz Will...

Japan Crude Imports Fall 66% To Record Low By Tsvetana Paraskova of OilPrice.com Amid the supply disruption in the Middle East, Japan’s crude oil imports crashed by 66% in April from the same month last year, dropping to an all time low, official Japanese data showed on Friday. Japan imported 4.07 million kilolitres, or about 850,000 barrels per day (bpd), of crude oil last month, down by 65.7% from the April 2025 levels, the monthly petroleum statistics of the Ministry of Economy, Trade and Industry (METI) showed. Crude imports from the Middle East...

UK Adopts 'No Gain, No Loss' Tax Treatment For Crypto Lending And Liquidity Pools Authored by Micah Zimmerman via BitcoinMagazine.com, The United Kingdom’s HM Revenue & Customs will treat certain disposals involving cryptoasset loans and liquidity pools as “no gain, no loss,” deferring Capital Gains Tax until a user makes an economic disposal of the underlying cryptocurrency. The measure, published Monday, takes effect 6 April 2027 and applies to individuals and trustees who enter cryptoasset loan and liquidity pool arrangements, according to the policy paper.  It amends the Taxation of Chargeable Gains Act 1992. The rules cover three scenarios....