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East-west pipeline / Petroline has been hit again today for the third time this week. Let’s see how much longer @JavierBlas / US admin can gaslight you into believing this is an oil glut.
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Hedger retweeted
Jensen, you can fuck an employee sometimes, but you can't fuck all the employees all the time.
Hedger retweeted
🚨‼️ HERE IT IS! The chart that debunks the oil glut/Strait is open once and for all. It can also be used to predict the equilibrium oil price in the short-term. Link to article explaining it and how to use it for oil price and UST yield forecasting in article linked in comment. 🔗👇
Hedger retweeted
Over the past couple hours flight tracking has shown unusual movements of many US airforce tankers out of RAF Mildenhall in quick succession.
Experts note the activity is highly unusual for so many tankers to be leaving in such a short time.
Hedger retweeted
Every cycle with Oil and their equities, I notice one thing…
The only people telling you the “trade is over”, “there’s a glut”, “supply is outpacing demand”, etc. have over 50% of their net worth in real estate or technology stocks
Hedger retweeted
BANNON: We lost a kinetic war. We went into a regime change war. And here we are a long way from victory.
Who’s accountable for that? The commander-in-chief, SecDef, or CJCS?
But at some point, the buck’s got to stop about this war.
We just had a catastrophic defeat militarily.
Who made the decisions? Where the information came from? What did the Israelis have to say?
This is why I’m calling for a president’s commission now so we get all that on the table.
We can’t have fuzzy. We have to have amazing clarity.
Physical market conditions remain tight despite headline-driven price moves.
• Global observed oil inventories stood roughly 509 million barrels below end-February (pre-conflict) levels at the end of September, according to the IEA, with onshore stocks at their lowest levels since at least 2016. Cumulative draws since the onset of the conflict have exceeded 500 million barrels. Available commercial buffers are limited, and U.S. commercial crude inventories recently sat near 410 million barrels (about 4% below the five-year average), while distillate stocks fell to multi-decade lows.
• Middle East oil exports have partially recovered from their wartime lows but remain well below a sustained return to normal. Pre-conflict flows through the Strait of Hormuz averaged roughly 20–21 million barrels per day. Trackers show total regional exports (including bypass routes such as the Saudi East-West pipeline and Fujairah) approaching or briefly matching pre-war levels in parts of September and October, yet Hormuz-specific volumes have frequently run 50–80% of baseline (often in the 11–16 million b/d range depending on the week and tracker). October flows dipped from September highs, product exports continue to lag crude, and live AIS data reflect severely restricted visible traffic amid ongoing security risks.
• U.S. crude production is holding near recent highs of approximately 14 million barrels per day, but onshore (Lower 48) growth has slowed to near zero. Monthly gains have flattened, with the Permian still adding modest volumes while overall onshore output has plateaued—the weakest growth trajectory in years outside the pandemic period.
• Diplomatic signals have been intermittent and conditional. Qatari-mediated discussions continue, and U.S. officials have publicly expressed optimism that a settlement remains possible. However, Iran’s offers to restore transit have been tied to specific demands (sanctions relief, end of blockades, asset freezes, and related issues), prior interim arrangements have proven fragile, and recent incidents involving commercial shipping and infrastructure continue to demonstrate limited progress toward a durable reopening of unrestricted flows.
Note: Prices have repeatedly responded to reports of diplomatic progress and verbal assurances of near-term normalization. These moves have not been matched by a durable restoration of physical supply or a meaningful rebuild of depleted inventories. Verbal interventions and headline optimism can influence paper markets in the short term; they do not increase available barrels or eliminate the remaining constraints on Gulf flows.
Hedger retweeted
API
Crude -5.267 million (exp. +2.1 million)
Gasoline +1.427 million
Distillates -270,000
SPR actual -400,000
@JuliOnTwtr
Hedger retweeted
Proof that there isn’t a two-party system.
Democrats Haley Stevens is now endorsing Republican Mike Rogers in his race against El Sayed.
At the end of the day, it’s Israel against us.
COT Report on oil futures data. Not surprising that prices are still high, but what is strange is "commercial" traders are drastically pulling back their shorts. The majority of these commercial traders are producers who have been consistently net short since 2009. They use futures markets to lock in pricing on future production to ensure the best pricing for their production by waiting/hedging.
It is strange to see prices moving up and their net short positioning being pulled back. The ADNOC has been using this technique to artificially suppress brent pricing by shorting markets and picking up discounted Iraqi oil (from hormuz ordeal) then using STS transfers to avoid Iranian attacks… that hasn’t been going as planned lately.
Essentially, this is blatant evidence that producers are expecting another major spike in Brent futures contracts.
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Hedger retweeted
While this is obviously IRGC trolling, it does raise a concern that has been rolling around in my head for some time in the event the United States resumes combat operations against Iran, specifically against Iranian energy infrastructure.
Iran has little domestic capacity for developing heavy conventional bombs like the GBU-43/B, mostly because Iran has no domestic capability to deliver such a weapon.
However, Iran does have the capacity, the raw materials, and the technical know-how to develop and deliver an improvised explosive device with an energy output far higher than that of the MOAB.
Iran is one of the top producers of ammonia globally and operates a well-established petrochemical and nitrogen-based fertilizer industry. Iran has also demonstrated a willingness to use explosive-laden USVs and skiffs against merchant vessels before, including during this conflict. It would not be hard for them to scale that tactic up to an ammonium nitrate/fuel oil-laden merchant vessel.
As a point of reference, consider the 2020 Port of Beirut explosion. That was 2,750 metric tons of ammonium nitrate that had been aboard a derelict 86m general cargo vessel that made an unscheduled stop in Beirut before being abandoned. The cargo was eventually off-loaded and improperly stored within the port, where it degraded over the course of 6 years and eventually detonated.
The Beirut explosion was the equivalent of around 1 kiloton (1,000 metric tons) of TNT. It was, and remains, the sixth-largest accidental artificial non-nuclear explosion in history. For comparison, the MOAB yields 0.011 kilotons (11 metric tons) of TNT.
Even a much smaller improvised device could cause considerable damage and would be even easier to deliver. The Oklahoma City bombing was also an ammonium nitrate/fuel oil-based device containing around 2 metric tons of ANFO mixture that was possibly spiked with acetylene cylinders. That explosion was the equivalent of just 0.002 kilotons (2 metric tons) of TNT and destroyed most of a nine-story reinforced concrete and granite building.
Given that the United States seems uninterested or unable to prevent Iranian-linked vessels from operating in and around the Persian Gulf, Strait of Hormuz, and Gulf of Oman, it would be fairly easy for Iran to slip an ANFO-laden merchant vessel amidst other merchant traffic and even possibly into regional ports and anchorages. A number of Iranian shadow fleet vessels are in these anchorages already.
If the indications that the United States will resume combat operations against Iran and specifically target Iranian energy infrastructure after the midterm election come true, this is how I would expect Iran to strike back. Iran will not let attacks against energy infrastructure go without an equivalent response.
It is one of the many reasons why the constant narrative that Iran's military capabilities are degraded, if not obliterated, is misleading. Iran does not need an Air Force or Navy to cause immeasurable harm to the United States and its regional partners, and based on what we have seen over the last 8 months, I see little evidence that the United States or its regional partners would be able to prevent such an attack.
Welp.
Kpler is publishing fake data again. The oil market isn’t even paying attention anymore. @Kpler have destroyed their own credibility for two weeks of headlines. Was it worth it guys? 🤡
Hedger retweeted
The macro repricing of energy is now underway. Check out today's move in long dated oil - that's calendar 2027 WTI. When long dated oil moves this strongly in tandem with energy equities making new ATHs, financial markets need to listen. This is not a transient spike in prompt oil. It's far more structural. Get long, buckle your seat belt, and hang on for the ride.
Mario, do you still believe oil is flowing 23mbpd because Kpler said so? Bali would be receiving oil now from the promoted "glut" of September.
We live in a giant psyop.
🇮🇩 This is how catastrophic fuel shortages have become in Bali.
With the Iran war having no end in sight, we can only expect the situation to become truly HORRIFIC before it gets any better!
Writer: Mhedi
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Hedger retweeted
Oil market manipulation and front running by the Trump administration?



























