Fuel, food rebates ‘would not bring down’ prices amid Iran war: economists
The Iran war has raised the price of crude oil beyond US$110 per barrel in international markets, spurring affordability concerns in Canada and around the world.
#Canada #Consumer #Economy #Affordability
https://globalnews.ca/news/11739680/fuel-food-rebates-not-bring-down-prices-iran-war/
Iran hits Gulf energy sites, escalating war, as U.S. mulls sanctions rollback

As attacks rattled markets, Treasury Secretary Scott Bessent said the Trump administration might lift restrictions on Iranian oil already loaded onto vessels.

The Washington Post

All of this is reason to end the #oil #addiction
API gravity tells us how light or heavy the oil is.

• US WTI: ~40° API — light, golden, and easier to refine

• Iran Light: ~34° API

• Russia Urals: ~31° API

• Venezuela: ~8–12° API — extremely heavy, like tar

Oil quality plays a major role in global energy economics and politics — not just the amount of oil a country has.

The lighter the crude, the cheaper and easier to refine into gasoline and diesel. Heavier crude requires more refining.

#energy #crude #pimpsofthepumps #fossilfools

Discrepancy Between Oil Futures and Physical Oil Prices Amid Middle East Tensions

📰 Original title: El petróleo de papel vale 100 y el petróleo real vale 138

🤖 IA: It's clickbait ⚠️
👥 Usuarios: It's clickbait ⚠️

View full AI summary: https://killbait.com/en/discrepancy-between-oil-futures-and-physical-oil-prices-amid-middle-east-tensions/?redirpost=1bd8747a-41ae-4c85-b9ac-753090c1014b

#economy #oil #futures #crude

Discrepancy Between Oil Futures and Physical Oil Prices Amid Middle East Tensions

The article discusses the current divergence between oil futures traded on the market and the prices of actual physical crude oil. While futures, sometimes called ‘paper oil…

KillBait Archive

Crude Mission

I just heard that the first crude mission to the Moon since the seventies will happen shortly. I just wonder what the crude part of it meant.

Maybe they’ll be using crude oil. Now that Iran is blocking a lot of crude oil in the Strait of Hormuz, of course the US would use up a lot more in a space mission.

Maybe they’ll be using even cruder methods. Perhaps they’ll pull back a giant elastic with a giant Chevy truck and let go when the ship is aligned inside just right.

Maybe it’ll be even cruder. They might build a giant cannon (just like they did in one of Jules Verne’s books), with the cannonball being the ship.

Maybe it’ll be cruder. Perhaps some cavemen will throw a bone in the air and miraculously it’ll turn into a spaceship.

Maybe it will be crude because they won’t send anything special for when they meet up with moon people. No language programs, no interpreters, no gifts of frankincense, gold and myrrh.

Maybe it’ll be crude because it will be done by the USA and they have no regal royalty. Shut up Donald Rump, you have to be born into it for it to count.

Maybe it’ll be crude in that they will be using foul language. “F’n Ground Control this is F’n Major Tom. What $#!+ are you talking about today?”

Maybe it’ll be crude in that they aren’t sending up much water. In other words, the ship will have to recycle the astronauts urine.

Maybe it’ll be crude because the astronauts won’t be decent unless they do a space walk.

And what was crude about the seventies missions​?

Then again I herd this. So perhaps it is a crewed mission that hasn’t been to the moon since the seventies. That might be slightly more likely.

#cavemenWillThrowABone #ChevyTruck #crewed #crude #crudeOil #foulLanguage #giantCannon #giantElastic #Iran #JulesVerne #moonPeople #noInterpreters #noRoyalty #recycleUrine #ship #shipAsConnonball #StraitOfHormuz #TheMoon #theSeventies #US #wonTBeDecent

The IEA’s latest Oil Market Report opens with a stark warning that the war in the Middle East has caused the biggest supply disruption in global oil market history. With Trump downplaying oil price risks and Iran warning crude could hit $200, this shock could become especially painful. Today’s HT Number Theory explains why.

https://www.hindustantimes.com/editors-pick/this-oil-jolt-is-unlike-the-previous-ones-number-theory-101773370799499.html

#Iran #US #Crude #OilPrices #Oil #War #IEA #EnergyPrices #Economy #Markets #DataViz

@aaron.rupar except 70% of US #oil #refining is designed for higher sulfur crude not the light #crude we produce in the US. This is why Trump wants to control foreign heavy crude oil. Too many people don't understand this
Oil prices jump, U.S. markets retreat as Iran war worsens supply concerns
U.S. benchmark crude oil jumped US$4.52 to US$91.77 a barrel. Brent, the international standard, climbed US$5.34 to US$97.32 per barrel after briefly eclipsing the US$100 level.
#Economy #Money #World #Iran
https://globalnews.ca/news/11727259/oil-prices-us-markets-iran-war/