Energy

Russian Oil Production Climbs Above 9 Million Bpd in July

Russia increased oil production in July as stronger exports and recovering refinery runs gave producers somewhere to put more barrels. Crude oil and condensate output rose by roughly 100,000 barrels per day from June to more than 9 million bpd, two industry sources told Reuters on Thursday. Oil and

Source: OilPrice.com

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DW NOTE

Russia is pumping above 9 million barrels a day while the Strait of Hormuz sits functionally shut — only 8 ships passed through on August 5 versus the usual 130. When the world's most vital chokepoint is crippled and prices still fall 7.6% in a week, you're watching demand destruction in real time.

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Hedge Funds Pile Into Fuels as U.S. Supply Squeeze Deepens

For the first four months of the war between the United States and Israel and Iran, oil traders remained largely bearish. The overwhelming expectation was that the war would end soon—even as July rolled around—and oil flows out of Hormuz would recover. Instead, the world is slipping into a fuel shor

Russian Oil Production Climbs Above 9 Million Bpd in July

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Hedge Funds Pile Into Fuels as U.S. Supply Squeeze Deepens

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