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From Hormuz To Houston: The US Takeover Of Global Energy Flows Ramps Up

From Hormuz To Houston: The US Takeover Of Global Energy Flows Ramps Up Authored by Simon Watkins via OilPrice.com, The Americas are replacing the Middle East as the key source of global oil supply, with crude exports from the Western Hemisphere hitting a record 14.5 million bpd while Strait of Hormuz traffic collapsed. Trump’s broader energy strategy aims to weaken OPEC’s influence and cement U.S. dominance over global energy markets. Venezuela, Argentina, and Brazil are emerging as the biggest growth engines, with Venezuela rebuilding output, Argentina rapidly expanding Vaca Muerta shale production, and...
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Jul 7, 2026 / Tyler Durden
Monaco Bombing Attack Suspect Shot Dead In Ukraine, Intelligence Officer In Custody
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Mar 28, 2026 / Tyler Durden
The Weird Obsession With Flying First-Class Among America's Anti-Capitalists
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Aug 26, 2026 / Tyler Durden
India's Crude Import Bill Surges As Hormuz Shipping Rates Soar
India's Crude Import Bill Surges As Hormuz Shipping Rates Soar Authored by Tsvetana Paraskova via OilPrice.com, India's crude oil import bill has soared since the Iran war choked Middle Eastern oil supply, raised benchmark crude prices, quadrupled freight rates, and boosted insurance on a single Strait of Hormuz voyage to never-before-seen highs. India has been paying elevated prices to import Middle Eastern crude not only because of the spike in oil prices, but also due to the surging costs to bring supply from the nearest region from which it can import crude. The...
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