WTI At 5-Week Highs As US-Iran Fighting Resumes; US Production At Record High As Cushing & SPR Hit 'Tank Bottoms'

Kuwait Joins "Dark-Mode" Tanker Traffic Through Hormuz By Tsvetana Paraskova of OilPrice.com Kuwait appears to have joined a growing bunch of Middle Eastern oil and gas producers that have moved to ship energy cargoes in dark mode through the Strait of Hormuz. The liquefied petroleum gas (LPG) carrier Gas Umm Al Rowaisat, which is owned by the national Kuwait Petroleum Corporation, has passed through the Strait in recent days, then transferred the cargo onto another ship which is currently en route to an Indian port, vessel-tracking data compiled by Bloomberg showed on...

Contaminated Meat From Brazil Hits The EU, As Mercosur Opponents Are Proven Right Via Remix News, Opponents of Brussels’ deal with Latin American countries to import agricultural products are being proven right, unfortunately. Meat containing a banned growth hormone has shown up in the EU, a Dutch authority has reported, leading Polish authorities to order urgent inspections by the relevant inspectorates. EU farmers and multiple groups warned that the lack of safety regulations in use across the Mercosur countries would lead to such outcomes. The Dutch Food and Consumer Product Safety Authority announced...

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...