DBurton retweeted
MAJOR: Reuters is citing MULTIPLE sources that the SAUDI ARAMCO HEADQUARTERS is on fire!
“One source said the Aramco headquarters was on fire. An evacuation order for the building had been issued, four of the sources said.
A source with direct knowledge of the matter told Reuters the Aramco headquarters had been struck.”
DBurton retweeted
Aramco CEO Amin Nasser says diesel is currently around $200 a barrel and commercial onshore inventories are well below 6 billion barrels, most of them locked up. Refilling them while meeting demand could take up to two years, he told the WPC Energy Congress in Riyadh. #Oil #Diesel #Aramco #Hormuz
ALT Quote card on a navy background with a large red quotation mark: 'Diesel is currently around $200 per barrel.' Attributed to Amin Nasser, President & CEO of Saudi Aramco, at the 25th WPC Energy Congress in Riyadh on Oct 12, 2026. Below it, two more quotes: 'Commercial onshore inventories are now well below six billion barrels… the vast majority of these barrels are locked up.' and 'Re-filling inventories while meeting demand could take up to two years.' Source: Aramco speech transcript. OilPrice.com logo.
DBurton retweeted
Almost nobody can afford to wait for oil right now.
That is why the cost of shipping 2 million barrels from West Africa to China jumped by several dollars again yesterday to $33 per barrel.
Look at the chart and compare this move with the shock in March and April.
DBurton retweeted
MAJOR DEVELOPMENT
U.S. OFFICIAL: MORE THAN 2,000 NEW MARINES ARE HEADING TO THE MIDDLE EAST, BY THE END OF NOVEMBER THERE WILL BE 3 AIRCRAFT CARRIERS AND 2 AMPHIBIOUS ASSAULT GROUPS DEPLOYED NEAR IRAN
🇺🇸🇮🇷‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️
DBurton retweeted
The smoke plume identified by OSINT sources doesn't seem to originate from the main Abqaiq oil processing facility.
NASA FIRMS confirms the smoke originates from the following coordinates: 25°50'21.3"N 49°13'36.3"E -
Near a processing facility south of the Ayn Dar oil field.
DBurton retweeted
UPDATE: Saudi crude exports from Yanbu are accelerating. All 7 berths at Yanbu + Muajjiz were occupied on 27 Sept., with 12.5 mb loaded onto 9 tankers in just 72 hours.
The post-attack recovery is now feeding through to Mediterranean and Indian crude flows. #OOTT #SaudiArabia @Kpler
DBurton retweeted
Oh wait but the strait is “open” and “safe”. Let’s get a reality check, more flows don’t mean back to pre war conditions #OOTT
Qatar extended force majeure on LNG shipments to Asian and European customers by another month due to the near-closure of Hormuz 🇶🇦🚢
Shipments to Asian buyers were canceled into November, European buyers into December
bloomberg.com/news/articles/…
DBurton retweeted
Iran also denies Al Jazeera's claims that Iranian technical experts have been sent to New York to join talks as completely untrue - Fars
@HormuzLetter
DBurton retweeted
BREAKING: Iran has reportedly sent a seven-day proposal through Qatari mediators to reopen the Strait of Hormuz if the U.S. lifts its blockade, according to CBS.
- Negotiations are now said to be entering a more technical phase
- The Qatari state-owned network reported that technical experts have joined the negotiations in New York
- The Iranian delegation reportedly faced an initial delay in securing U.S. visas, but the approvals were granted quickly enough for the team to participate in the talks
Some details here that makes this version of a deal sound potentially more credible, the problem is if the US rejects all their terms like we did in June, can a deal actually still get done soon?
DBurton retweeted
Moving Houston crude to Asia now adds about $26 a barrel, roughly a quarter of WTI. Physical Dated Brent traded above $131 while futures topped near $110 as refiners chased short-haul barrels. When freight is a quarter of the cargo, proximity is the price. gcaptain.com/world-running-s…
DBurton retweeted
BREAKING: Iran directly rejects the Reuters report claiming that US and Iranian negotiators are exploring a phased path out of the war, saying the report is "false and its goal is to control the price of oil," and that "no negotiations are underway," per Iranian state media journalist Mohammad Ghaderi.
He says Iran's position remains unchanged and that the US "must fulfill the stipulated conditions in a single step so that the Strait of Hormuz can be opened under Iranian control."
Brent crude oil fell 3% on the Reuters report.
DBurton retweeted
#OOTT | Crude Volumes At Saudi East-West Pipeline Is Building Up, Tanker Loading Yet To Resume At Yanbu – RTRS Sources
DBurton retweeted
WHITE HOUSE OFFICIAL SAYS REPORT THAT US IS CONSIDERING A DIESEL EXPORT BAN IS 'FAKE NEWS'
DBurton retweeted
The US 10Y Note Yield is now moving in a literal straight-line higher, up to 5.13%.
This is no longer an issue that we have months or years to address.
This is unsustainable.
DBurton retweeted
France is running out of fuel. 11% of France's stations nationwide are now out of petrol or diesel, one in nine, with 16% of stations short in Grand Est, 15% in Pays de la Loire, 14% in Occitanie, and 13% in Centre-Val de Loire, per government figures published this morning.
DBurton retweeted
this talk of “running out” of diesel is THE madness. the U.S. is sitting on 4.08 BILLION gallons of (<15ppm) distillates today, which is up from 4.05 billion a wk ago. just bc a few stations have issues does not mean a nationwide crisis is brewing. now sit down & relax plz.
DBurton retweeted
Macron Says G7 to Discuss Energy Crisis and Reserve Releases | Asia One News
#Asiaone #Asiaonenews #France #Macron #G7 #EnergyCrisis #FuelPrices #Oil