Global inventories are drawing down at a record pace, leaving the market increasingly vulnerable to fresh disruptions.

The artificial manipulation of oil prices will cease sooner rather than later, and the impact on the global oil market will be massive.

HOUSTON/NEW YORK, June 5 : Global oil inventories are running dangerously low as a deal to re-open tanker traffic through the Strait of Hormuz has proven elusive, and industry…

Global oil prices are defying expectations, staying below $100 a barrel even after the Strait of Hormuz was effectively blocked. Record US oil exports and a significant drop in…

It’s now been more than three months since the waterway was effectively blocked, creating the worst supply shock in modern history.

Oil prices remain below $100 despite the Strait of Hormuz closure. New all-time high by September 30 at 18% YES.

Global inventories are drawing down at a record pace, leaving the market increasingly vulnerable to fresh disruptions.

Global oil inventories are running dangerously low as a deal to re-open tanker traffic through the Strait of Hormuz has proven elusive, and industry executives and analysts warn…

When the Strait of Hormuz tightened, many braced for $200-a-barrel oil. More than three months on, that nightmare scenario is still nowhere in the picture.

Oil prices are likely to rise further as the Strait of Hormuz remains closed, and once it opens, the market will take months to normalize.

Markets may be underestimating the risk, with traders betting on a Hormuz reopening even as physical oil stocks approach critically low levels and tanker traffic remains disrupted.

One of the biggest mysteries of the global economy is why the oil market has remained so calm during one of the greatest supply shocks in history.