In the latest escalation of maritime attacks in the Persian Gulf amid the ongoing Iran conflict, a fully laden Kuwaiti crude oil supertanker was struck early Tuesday by what authorities described as an Iranian drone or an unknown projectile while anchored in Dubai waters. The incident occurred at approximately 12:10 a.m. local time in Anchorage, […]
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In the high-stakes world of energy markets, not all oil prices are created equal. \”Paper oil\” refers to benchmark futures contracts traded on exchanges like NYMEX (WTI) and ICE (Brent)—financial instruments where the vast majority of trading volume (often 95%+) never results in physical delivery. These are the headline numbers investors see on CNBC or […]
Continue ReadingDaily Standup Top Stories Trump Threatens 50% More China Tariffs, Teases Talks With Others April 7, 2025 Clark Savage President Donald Trump threatened to slap additional 50% import taxes on China, while readying negotiations with Japan and Israel, leaving markets struggling to grasp his intentions for his sweeping tariff plans. Stocks swung wildly on Monday as […] Markets, Oil […]
Continue ReadingOil continued its downward trajectory on Monday afternoon, with the stock market briefly reversing losses after CNBC reported the White House was considering a 90-day pause in tariffs for everyone except China. Oil prices barely got to respond before the White House walked the report back as “fake news”. On Monday at 11:12 a.m. ET, […]
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