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SHOCKING: Spr - What They Never Told You

US oil reserves are so low amid Trump’s Iran war the caverns holding them could be damaged

The supply strain comes as drivers face unprecedented late-summer pump prices, with the national average hitting a mid-August record of $4.07 per gallon

The Independent UK

Trump has no remaining levers to pull as oil hovers near the $100 ‘psychological’ threshold

Depleted emergency oil reserves create a dangerous game if the Strait of Hormuz and the Red Sea are effectively shuttered.

Fortune

EVs Are Big Winners of the Iran War—Just Not American Ones

The Iran war's oil shock highlights a global energy divide: Record U.S. oil production insulates domestic markets while global EV adoption rapidly accelerates.

MarketBeat

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America’s emergency oil reserve is about to hit its lowest level since Reagan was in office

The Trump administration has drained 66 million barrels from the SPR since the war in Iran began.

Fortune

The Great SPR Arbitrage: An Oil Market Glitch Fuels Sector Gains

A historic market dislocation is creating an arbitrage window for refiners Valero Energy and Marathon Petroleum and integrated energy firm ExxonMobil.

MarketBeat

Ruben Gallego Wants Energy Department To Elaborate On Its Oil Reserve Release Plan

Last week, the DOE announced a plan to release 172 million barrels of oil as part of a broader planned release of 400 million barrels from various member governments of the International Energy Agency.

Latin Times

SPR drawdown might not be enough for consumers, Democrats say

President Donald Trump’s decision to draw crude oil from the Strategic Petroleum Reserve received little criticism on Capitol Hill Thursday, although Democrats expressed reservations that it would not do much to insulate Americans from global price volatility resulting from the war in Iran. Senate Energy and Natural Resources ranking member…

Roll Call

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The Room in the Tower: the ‘real’ hauntings that inspired this year’s BBC Ghost Story for Christmas adaptation

This year’s BBC Ghost Story for Christmas is an adaptation of E. F. Benson’s 1912 tale of vampiric horror and haunted sleep, The Room in the Tower.

The Conversation

Chasing the Dark by Ben Machell review – the original ghostbuster

An entrancing biography of Tony Cornell, who displayed a scientist’s commitment to impartiality as he investigated the paranormal

The Guardian - UK

Boeing-Spirit AeroSystems Merger Gets Green Light From UK Competition Watchdog

The UK government's Competition and Markets Authority, or the CMA, has cleared Boeing Co.'s (NYSE:BA) acquisition of Spirit Aerosystems Holdings Inc. (NYSE:SPR).

Benzinga

US Buys 6 Million Barrels Of Oil For Strategic Petroleum Reserve

The government is trying to replenish the sale of 180 million barrels from the reserve in 2022.

International Business Times

Boeing to Acquire Spirit AeroSystems: What to Know

Boeing will buy Spirit for $4.7 billion in stock as it looks to improve the safety and quality of its airplanes. Here's what you need to know.

Kiplinger

Women in Tech Survey: 73% Experience Gender Bias in the Workplace

Half (50%) also said they believed there was a gender pay gap at their company

TV Tech

Who you gonna call? Meet the real ghostbusters

Ghost hunting is having a moment... in graveyards, pubs, old houses, and on social media. Sally Howard meets the new spirit seekers

The Guardian - UK

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Top News

SC Magdeburg defeats SPR Wisła Płock 28-22 in Handball match

SC Magdeburg emerged victorious in a thrilling Handball match against SPR Wisła Płock, with a final score of 28-22. The match was full of intense action an...

Barchart

Crude Oil: Does OPEC Have a Problem?

OPEC’s biannual meeting in late November establishes the cartel’s production policy for the coming year. The cartel scheduled the late 2023 meeting for Sunday, November 26, but the oil ministers could not agree on output quotas during preliminary meetings, causing a delay in the meeting until the end of November.

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USAFacts

What impacts the price of oil?

Many factors can influence the price of a barrel of oil, including social and economic events, natural disasters, and geopolitical conflict.

Barchart

Energy Update: Down 14% From it's 2023 High, is Now a Good Time to Scoop Up Crude Oil?

Crude oil prices have been highly volatile. Winter is an off-season for crude oil because gasoline demand declines as drivers put less mileage on automobiles. Meanwhile, the geopolitical landscape and the level of the U.S. Strategic Petroleum Reserve remain compelling reasons for a higher low in the oil futures market…

Zenger

Energy Analyst Questions U.S. Department Of Energy’s Move To Purchase Oil For Strategic Petroleum Reserve

Analyst raises concerns over bid solicitation for oil purchases while prices remain high.

Barchart

Will Gasoline’s Price Fall Going into the Off-Season?

While the number of electric vehicles on the road continues to rise, gasoline remains the fuel powering most vehicles. Gasoline is a seasonal energy commodity that tends to increase during spring and summer, the peak driving season, and fall during fall and winter. At the end of the 2023 summer,…

Barchart

How High Will Oil Prices Rise?

Nearby WTI and Brent crude oil futures settled at $70.64 and $74.90, respectively, at the end of Q2 2023. WTI futures were 6.65% lower in Q2 and fell nearly 12% over the first half of 2023. Brent fell 6.25% in the second quarter and was almost 12.75% lower over the…

Barchart

Can Gasoline Make A Move During the Driving Season?

With the July 4 holiday on the horizon, the 2023 vacation season is underway. Travel during school and work vacations peaks, and so does the demand for fuel. Gasoline remains the energy commodity that powers most cars.

Barchart

Crude Oil- Back in the U.S. Administration’s Buying Zone

In October 2022, the Biden administration told the crude oil market that the target range for replacing barrels sold from the U.S. Strategic Petroleum Reserve was $67 to $72 per barrel. The price is back at its buying level, and time will tell if the administration pulls the trigger to…

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