DARK SECRETS: 5 - The Real Truth

Crude Prices Sharply Lower as Oil Supplies Move Through Strait of Hormuz

October WTI crude oil (CLV26 ) closed down -2.05 (-2.35%) on Monday, and October RBOB gasoline (RBV26 ) closed down -0.0780 (-2.56%). Crude oil and gasoline prices settled sharply lower on Monday on signs that crude supplies are moving through the Strait of Hormuz. Also, Monday’s dollar strength weighed on...

Barchart · Aug 24

Crude Prices Fall as Oil Supplies Move Through the Strait of Hormuz

October WTI crude oil (CLV26 ) is down -2.06 (-2.35%) today, and October RBOB gasoline (RBV26 ) is down -0.0820 (-2.69%). Crude oil and gasoline prices are under pressure today from a stronger dollar. Also, signs that crude supplies are moving through the Strait of Hormuz are undercutting oil prices....

Barchart · Aug 24

US refiners face historic stress test as global crisis looms

US refineries are running near maximum capacity to fill global fuel shortages caused by the Iran war and disruptions in Russia. While this has delivered record profits, prolonged high utilisation raises the risk of equipment failures that could deepen the global fuel crisis.

The Economic Times · Aug 24

Crude Prices Supported by Dollar Weakness and Middle East Tensions

September WTI crude oil (CLU26) is up +1.42 (+1.67%) on Tuesday, and September RBOB gasoline (RBU26) is down -0.0122 (-0.37%). Crude oil and gasoline prices are mixed today, with crude oil posting a 3-week high. Today’s sharp decline in the dollar index ($DXY ) to a 2.5-month low is bullish...

Barchart · Aug 19

Crude Prices Gain on Reduced Middle Eastern Oil Supplies

September WTI crude oil (CLU26) closed up +0.44 (+0.52%) on Tuesday, and September RBOB gasoline (RBU26) closed up +0.0316 (+0.97%). Crude oil and gasoline prices extended Monday’s sharp rally on Tuesday and posted 3-week highs as the US and Iran remain deadlocked over control of the Strait of Hormuz, limiting...

Barchart · Aug 18

Crude Prices Supported as Strait of Hormuz Remains Closed

September WTI crude oil (CLU26) is up +0.80 (+0.95%) today, and September RBOB gasoline (RBU26) is up +0.0232 (+0.71%). Crude oil and gasoline prices extended Monday’s sharp rally today and posted 3-week highs as the US and Iran remain deadlocked over control of the Strait of Hormuz, limiting crude supplies...

Barchart · Aug 18

Crude Prices Jump as US-Iran War at a Standstill

September WTI crude oil (CLU26) closed up +2.10 (+2.55%) on Monday, and September RBOB gasoline (RBU26) closed up +0.0860 (+2.70%). Crude oil and gasoline prices rallied to 3-week highs on Monday and settled sharply higher. Concerns that the US-Iran war will remain unresolved and keep Middle East oil supplies limited...

Barchart · Aug 17

Crude Prices Slightly Lower as Oil Supplies Transit Through the Persian Gulf

September WTI crude oil (CLU26) today is down -0.03 (-0.03%), and September RBOB gasoline (RBU26) is up +0.0219 (+0.69%). Crude oil and gasoline prices are mixed today. Crude prices gave up an early advance today and turned slightly lower on signs that larger-than-expected volumes of crude oil are moving out...

Barchart · Aug 17

In 1956, solar power was priced at about $1,865 per watt and survived largely because spacecraft needed lightweight power. Decades later, prices fell below 50 cents per watt and solar became the cheapest new electricity

Solar power once cost a staggering $1,865 per watt in inflation-adjusted terms. Today, solar panels can cost only a fraction of a dollar per watt. That extraordinary collapse changed the energy market. The first practical solar cells found a home in spacecraft because ordinary electricity could not justify their price.…

The Economic Times · Aug 16

Crude Prices Higher as Iran Continues to Disrupt Vessel Traffic in Strait of Hormuz

September WTI crude oil (CLU26) on Friday closed up +1.15 (+1.42%), and September RBOB gasoline (RBU26) closed up +0.0561 (+1.79%). Crude oil saw support Friday after reports that Iran on Thursday night attacked two Abu Dhabi oil vessels transiting the Strait of Hormuz. Those attacks suggested that Iran intends to...

Barchart · Aug 14