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Dubai Benchmark Slips Into Contango For The First Time Since July

Dubai Benchmark Slips Into Contango For The First Time Since July The curve of the Dubai benchmark is showing signs that rising oil flows from the Middle East are exceeding demand for the first time since early July, when the three-week U.S.-Iran ceasefire allowed millions of barrels to leave unhindered the Strait of Hormuz.Physical flows have been gradually rising for the past two months as Gulf producers accelerated shuttle-shipping through Hormuz with ship-to-ship (STS) transfers in the Gulf of Oman, once tankers have cleared the chokepoint.As a result, the November...
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May 5, 2026 / Tyler Durden
"Moderate" Democrat Abigail Spanberger Considers Tax On Gym Memberships And Streaming Services, Among Other Ideas
"Moderate" Democrat Abigail Spanberger Considers Tax On Gym Memberships And Streaming Services, Among Other Ideas Virginia Governor Abigail Spanberger is facing backlash after refusing to rule out new taxes on everyday services like gym memberships and streaming subscriptions, according to the Daily Mail. During an interview with 8News, the Virginia governor was asked whether she would sign legislation expanding the state’s sales tax to cover a long list of services. Rather than rejecting the idea outright, Spanberger said any proposal that seems “reasonable” should at least be part of the conversation as...
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Jun 10, 2026 / Tyler Durden
These Are The Six States Celebrating America 250 By Raising Your Gas Tax
These Are The Six States Celebrating America 250 By Raising Your Gas Tax Authored by Larry Behrens via WattsUpWithThat.com, The final countdown for America’s 250th birthday is on. Families will be planning road trips, parades, vacations, reunions, and cookouts to celebrate the greatest nation in history. But in six states, politicians have a different idea for the party: raise taxes. Beginning July 1, drivers in California, Washington, Illinois, Maryland, Virginia, and Mississippi are scheduled to see higher state gas taxes. In other words, as the country prepares to celebrate casting aside a tax-heavy king in favor...
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Apr 9, 2026 / Tyler Durden
New Jersey Governor Sherrill Lifts 40-Year Nuclear Moratorium
New Jersey Governor Sherrill Lifts 40-Year Nuclear Moratorium Governor Mikie Sherrill signed legislation that scraps New Jersey’s 40-year de facto moratorium on new nuclear power plants, clearing the way for expanded baseload generation in a state long plagued by some of the nation’s highest utility bills.  The bill, S3870/A4528, amends the Coastal Area Facility Review Act to remove an outdated permitting roadblock tied to Nuclear Regulatory Commission waste-disposal rules that no modern project could satisfy. The NJ Department of Environmental Protection can now approve permits based on proven, NRC-compliant storage methods that...
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