Ben Winkley

G7 crisis meeting will be six people saying 'what the fuck, Scott'

four Barron's headlines about "stocks with upside", accompanied by live prices showing price falls

Days like this I enjoy Barron's having a live price next to each booster article

Rystad coming in with $135/bl Brent if the situation persists for 4 months. Seems low, tbh. Still: any advance on $135/bl?

not now, meteorite

G7 crisis meeting will be six people saying 'what the fuck, Scott'

G7 to assess Mideast Gulf crisis as oil tops $100/bl | Latest Market News G7 finance ministers will hold an emergency video conference at 13:30 Paris time (12:30 GMT) today to assess the economic impact of the US-Iran war as crude prices surge past $100/bl.

G7 crisis meeting today.

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Crude pares gains on IEA stock release report: Update 2 | Latest Market News Crude futures surged by more than 30pc on Monday in one of the biggest single-day increases on record, but later gave up some gains after the <i>Financial Times</i> (FT) reported that the Internationa...

Just waking up? Crude futures surged by more than 30% earlier, but later gave up some gains after the FT said the IEA and G7 countries are considering a joint release of oil stocks. Still firmly into 3 figures now, $108/bl for Brent and $103/bl for WTI.

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Kuwait cuts crude output on Hormuz disruption: Update | Latest Market News Kuwait's state-owned oil firm KPC has started to reduce crude output and refinery runs after oil exports were effectively halted by the war in the Middle East, the company said.

First force majeure of the war, from Kuwait KPC on its crude and refined products exports.

Kuwait exported about 1.9mn b/d of crude and 860,000 b/d of refined products in 2025.

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Kuwait cuts crude output after Hormuz disruption | Latest Market News Kuwait's state-owned oil firm KPC has started to reduce crude output and refinery runs after oil exports were effectively halted by the war in the Middle East, the company said.

Kuwait cuts oil production

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I'd say so, given the pace to today's increase

you really do got to hand it to Barclays, they weren't far off.

So with that in mind it's worth paying attention when they say today that $120/bl Brent could happen within 2 weeks

Front-month Ice Brent crude futures rose by nearly 30pc this week is not a sentence I ever thought I'd write because that would mean someone had made a stupid decision that had caused everything to go catastrophically wrong

Brent above $93/bl

also, Goldman oil research isn't like that any more

Iran's president says mediation underway: Update | Latest Market News Iran's president Masoud Pezeshkian said on Friday that mediation efforts are underway to help end the war in the Middle East.

Iranian president says mediation under way to end war. US president says unconditional surrender the only solution.

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Brent above $91/bl

Brent above $90/bl

NWE propane heads for sharpest weekly gain on record | Latest Market News The northwest European large cargo propane price is heading for a weekly gain of more than $160/t, the biggest on record, after hitting a three-year high on Thursday.

Got propane, running around my brain

European price up this week like never before, and could be some way to go because it's still well short of the Russia-Ukraine shock price

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S Korea considers SPR release, oil product export ban | Latest Market News South Korea's government is in talks with the country's refiners about measures to manage the fallout from the Iran conflict, including tapping the country's strategic petroleum reserve (SPR) and poss...

South Korea government in talks with the country's refiners about tapping the country's strategic petroleum reserve and possibly imposing a ban on oil product exports

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Brent goes above $89/bl

aaaaand *boink* Brent goes above $88/bl

a man in a military uniform is talking and says `` no problems , everything is fine . '' Alt: Baghdad Bob says everything is fine

IAE's Birol: "Today there is plenty of oil in the market. I repeat: there is plenty of oil in the market."

I've added some live footage of his presser here

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Crude futures rise to fresh highs on Qatar warnings | Latest Market News Ice Brent crude futures rose to new highs near $88/bl today as the US-Iran conflict continued and Qatar's energy minister reportedly warned of prolonged production shutdowns and the risk of further sh...

Ice Brent crude futures near $88/bl after the Qatari minister said the quiet thing out loud

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Bangladesh buys premium price LNG on Middle East war | Latest Market News Bangladesh has secured two prompt spot LNG cargoes at above $20/mn Btu, as the country looks set to face an LNG supply shortage due to the ongoing war in the Middle East.

Bangladesh paying through the nose for LNG, out of necessity. How long can it keep that up?

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ENDLESS SCREAMING

This appears to have focused some minds, with Brent pushing up and up

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Iran war collapses visibility in European jet market | Latest Market News Extreme volatility triggered by the war in the Mideast Gulf has collapsed price visibility in the European jet fuel market, leaving participants unable to agree on price levels, traders told <i>Argus ...

The market for jet fuel in Europe is *broken*.

"No one knows" what level to trade because the paper market is moving too quickly. The market is "stupidly wild" and "incredibly unclear".

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Is the US government about to short the oil market? Wild times.

Rare ARA-east gasoline booking hints at growing demand | Latest Market News A rare high-volume gasoline cargo booking from Amsterdam-Antwerp-Rotterdam (ARA) to Singapore, even though it failed today, signals growing demand east of Suez for European oil products as the Iran wa...

Asian buyers sniffing around European refined products.

This is unusual

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