General Discussion

gab13by13

(32,949 posts)

20. Nice post,

Wed Jun 10, 2026, 01:30 PM

18 hrs ago

Chinese reduction of demand is significant. OPEC should be worried in the future.

Don't forget the damage that Ukraine has done to Russian oil and gas facilities and ports, I have not seen anyone phase that into the equation.

Time is on Iran's side and Krasnov must understand that he can't bomb the shit out of Iran again, and Iran also knows that.

Iran doesn't want a peace deal, having civilian officials doing the negotiations is a tell, the Iranian Revolutionary Guard is in charge of any agreements. The Iranian Revolutionary Guard isn't going to give up control of Hormuz, Krasnov made Iran relevant in the world.

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I Told You The Price Of Crude Is Being Rigged [View all] gab13by13 20 hrs ago OP

Oil prices have always been rigged. They go up and down when opec leaders need new stuff. Srkdqltr 20 hrs ago #1

They've been rigged (subsidized) to keep prices low for the last 60 years about. eom Exp 13 hrs ago #36

The EIA reported this morning UpInArms 20 hrs ago #2

i have no idea what that means. dem4decades 20 hrs ago #3

The EIA reports on our inventory of fossil fuels UpInArms 19 hrs ago #7

If they have that much control and wanted to help Trump, why don't they lower price to where it was in February? onenote 19 hrs ago #4

It's a happy medium right? gab13by13 19 hrs ago #8

Let's see what happens as the November elections near Raven123 18 hrs ago #19

Another article Takket 19 hrs ago #5

Yes, and the people who set the prices are very much aware of that scenario. gab13by13 19 hrs ago #9

The oil companies fucking suck. Yet we're practically forced to buy their products. Initech 19 hrs ago #6

It's all going to hit a wall at some point this year SamuelTheThird 19 hrs ago #10

You should buy as much oil futures as you can then MichMan 15 hrs ago #35

I think you've missed some other influencing factors Fiendish Thingy 19 hrs ago #11

From my co-pilot search gab13by13 19 hrs ago #13

I think the markets pay more attention to actual production of oil Fiendish Thingy 19 hrs ago #14

I have been following the price of crude for 3 months, gab13by13 19 hrs ago #15

See post #17 Nt Fiendish Thingy 18 hrs ago #22

You Do Realize That ProfessorGAC 17 hrs ago #23

It goes back up when the deal fails to materialize or an attack happens. maxsolomon 17 hrs ago #28

That's Not What The OP Said ProfessorGAC 17 hrs ago #29

This. Track Brent Physical Delivery Melon 19 hrs ago #17

How can you say the price is in line with Brent futures when gab13by13 18 hrs ago #18

Reserves are just that: reserves. They can only put down pressure on prices for months ... marble falls 17 hrs ago #27

Exactly what I said. Current available oil is tracking with futures Melon 16 hrs ago #30

Exactly right. This is all about pricing, not availability. marble falls 15 hrs ago #31

The only way to end this is to remove Krasnov and get out. GoodRaisin 19 hrs ago #12

Shared frustration and crushed optimism relogic 17 hrs ago #24

Seriously: If the US wanted to clear the Straights and the Gulf, the Navy with all the aircraft carrier groups in ... marble falls 15 hrs ago #33

This isn't the entire story. Supply chains have changed. Melon 19 hrs ago #16

Nice post, gab13by13 18 hrs ago #20

I wouldn't be surprised if Drumpf wasn't bribing and/or threating the players to keep the price artificially low ToxMarz 18 hrs ago #21

It's traders and speculators fiddling with the Commodities Market by disaster investing. marble falls 17 hrs ago #25

They control the oil... kentuck 17 hrs ago #26

Did Trump admit to piracy today? LR3 15 hrs ago #32

Didn't TACO actually joke about being a pirate a few weeks ago? marble falls 15 hrs ago #34

He did some rigging in early 2020 when the pandemic started Jbraybarten 13 hrs ago #37