Clayton Warren

BREAKING: The average price of diesel in the U.S. has now jumped $1 per gallon since the U.S. began attacks on Iran Feb 28.

Aramco sees 'catastrophic consequences' for oil markets if Hormuz strait remains blocked Saudi Arabia's Aramco , the world's top oil exporter, said on Tuesday there would be "catastrophic consequences" for the world's oil ​markets if the Iran war continues to disrupt shipping in the Strai...

Aramco CEO said the same. www.reuters.com/business/ene...

Report: Saudi Aramco Shuts Down Two Supergiant Offshore Oil Fields

maritime-executive.com/article/repo...

Aramco sees 'catastrophic consequences' for oil markets if Hormuz strait remains blocked Saudi Arabia's Aramco , the world's top oil exporter, said ​on Tuesday there would be "catastrophic consequences" for the world's oil markets if the Iran war continues to disrupt ‌shipping in the Strait of Hormuz.

Saudi Arabia's Aramco, the world's top oil exporter, predicts "catastrophic consequences" if the Iran war continues to disrupt ‌shipping in the Strait of Hormuz. www.reuters.com/business/ener...

QATAR FOREIGN MINISTRY SPOKESPERSON: IRAN CONTINUES TO ATTACK QATAR'S CIVILIAN INFRASTRUCTURE

*IRAN'S IRIB: EXPLOSION OF AN OIL TANKER NEAR ABU DHABI

Early spring break for the kids.

Nope, still nothing moving.

The national average price of diesel has jumped 11.5c/gal today and stands at $4.726/gal. Crude oil prices are moving back down- if that trend sticks, diesel prices may top out in the next 48 hours around $4.75-$4.85/gal before starting to ease.

Still a big parking lot.

Strait of Hormuz oil transport grinds to a near-halt... for now

US SPR can only release 4 to 5 million b/d, how much oil can other countries release per day?

Huthis would be targeting this as well.

I don't think you have to Nostradamus to figure that bombing Iran might raise oil prices. And it seems pretty obvious that buying oil in advance of causing an oil price spike might just save Americans a lot of money. But...

...maybe there wasn't much planning?

Does anyone have a list for this? If not i might try and make one. There is some good ones on storage and ports

Al Ma'ameer oil refinery was hit and Bahrain issued a force majeure.

On the one hand, the Strait has been effectively closed for a week and can’t get anymore closed.
On the other, the longer it stays closed the more production shuts down as storage runs out and the longer it takes to restore volumes when it finally does reopen.

Iran struck Bahrain's Bapco refinery processing 267,000 barrels per day, attacked the US Fifth Fleet base in Manama and a US base near Erbil, Iraq. Brent crude topped $119 per barrel. Trump called critics of rising oil prices "stupid" for opposing the campaign against Iran's nuclear threat. #Iran

❗️This morning an Iranian attack drone struck the BAPCO oil refinery in Bahrain, causing a large-scale fire.

South Korea gets 70% of its oil from the Gulf. Are countries just going to let their refineries shut down because they can't get enough oil? Japan is already talking about tapping their SPR.

As long as none of those countries buy our Canadian oil we need for our refineries.

What are the jet fuel prices doing?

Not only does Norway have all the oil - they moved to 90% EV car market years ago. Whereas Southern states in America are stuck at 3% because electric cars are zesty.

We're in uncharted territory- if WTI crude holds these gains tomorrow- the current rise of 29.9% or $27.16/bbl would be its largest single day price jump- in both percent and amount- ever. Ever. EVER.

Not only is there no oil and gas getting through the straight, but each side is actively destroying oil and gas infrastructure. Oil and gas fields are shutting in, because storage is either being blown up, or full. When the straight opens back up, how much oil will be able to be shipped?

WTI crude oil now UP 25% tonight...
$114.39/bbl

Plumes of smoke rose from the BAPCO oil company in Manama after it was struck by an Iranian drone.

Gap!

Expect over 150 some analysts see even 200