Category: Gasoline

Anas Alhajji Asks the Right Questions: How Long Can Strong U.S. Petroleum Product Exports Continue Before Causing Domestic Shortages and Price Spikes?

Clark Savage2375

Energy markets are flashing warning signs as U.S. petroleum product exports remain near record highs while domestic inventories tighten amid escalating geopolitical risks in the Middle East. Veteran energy analyst Anas Alhajji (@anasalhajji) highlighted these concerns in his July 9, 2026, Daily Energy Report on X and Substack, posing a series of pointed questions that […]

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Calls for Oil Glut May Not Consider Realistic Oil Movements and Exploration

Clark Savage1293

Recent analyst predictions of an impending oil glut and sharply lower prices have gained traction amid falling benchmark crude prices and reports of recovering tanker flows through the Strait of Hormuz. However, a closer look at actual oil movements, inventory dynamics, refinery constraints, and exploration activity suggests these calls may be getting ahead of reality. […]

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Russia’s Fuel Crisis Deepens as Putin Acknowledges Growing Gasoline Shortages

Clark Savage478

Putin admitted Russia is experiencing fuel shortages and long lines at gas stations, while insisting the situation remains manageable. Ukrainian drone attacks on refineries, pipelines, and oil terminals have forced fuel restrictions across numerous Russian regions. Moscow is considering a diesel export ban and prioritizing fuel supplies for agriculture as it seeks to stabilize the […]

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Jeff Currie: Oil Market in Surplus Today, But That Tells Us Nothing About Tomorrow

Clark Savage1880

In a sharp and timely appearance on CNBC’s Squawk Street today (June 26, 2026), veteran commodity strategist Jeff Currie delivered a clear-eyed assessment of the oil market’s current dynamics. While acknowledging a near-term surplus, Currie stressed that today’s conditions offer almost no guidance on what lies ahead. Currie, Senior Advisor at the Carlyle Group and […]

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Phillips 66 CEO Mark Lashier warned of greater refining and petrochemical earnings volatility from Hormuz disruptions

Clark Savage802

Phillips 66 Chairman and CEO Mark Lashier issued a clear warning on June 24, 2026, at the Reuters Global Energy Forum in New York: refining and petrochemical earnings face greater volatility due to ongoing uncertainty from disruptions in the Strait of Hormuz. Lashier highlighted how uncertainty in crude supply and shipping lanes causes refining margins […]

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Russia Rations Fuel in Crimea as Ukraine Targets Oil Infrastructure

Clark Savage473

Occupation authorities have halted fuel sales to private individuals and businesses, reserving supplies for government agencies and essential services. Ukrainian forces have intensified attacks on fuel depots, transport routes, and oil infrastructure supplying Crimea and southern Russia. The fuel shortage is disrupting Crimea’s tourism-dependent economy and exposing growing vulnerabilities in Russian logistics. Russian-installed authorities in […]

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