These are the companies that physically produce, refine, trade, and consume oil, from major producers and refineries to shipping firms and industrial users.
Short positions have DOUBLED since the start of the year.
By comparison, the 2022 energy crisis peak was ~$155 billion.
By selling futures contracts at today's prices, producers are agreeing to sell their future oil at ~$100+ per barrel, even if the market price falls by the time they actually pump it.
This guarantees their revenue regardless of where prices go next, protecting their margins when prices normalize.
Oil producers are seeing unprecedented profitability.
Wandering around aimlessly is a sign of dementia
Seeing reports that Iran launched the missiles before the ceasefire came into effect and they landed after. Buzzer beater missile attack.
If Israel responds, they break the ceasefire, and if they don't, they look weak. Very cheeky move by Iran, and it seems to indicate they feel they've won.
He thought all cheese was as delicious as the Wisconsin cheddar he had during his semester abroad in Iowa.
Congratulations to the PRC for lasting longer than the Soviet Union.


BREAKING: President Trump says Iran is doing a “very poor job, dishonorable some would say, of allowing oil to go through the Strait of Hormuz.” “That is not the agreement we have,” Trump says.