Diesel, petrol, oil price watch

[seafoid]

https://www.ft.com/content/b26ba4ce-4324-4ea9-926d-caf036f20832?syn-25a6b1a6=1

 The oil market is four weeks away from a "tipping point" that will drive prices significantly higher, traders have warned, as the blockade in the Strait of Hormuz reduces global stockpiles below critical levels. Markets are beginning to price in the chances of a much longer conflict, after President Donald Trump told oil company executives on Thursday that the blockade of the Strait of Hormuz could "continue for months". Traders and analysts warned that global stocks of crude, gasoline, diesel and jet fuel will hit critically low levels by the end of May, at which point prices will escalate rapidly.

[seafoid]

https://www.telegraph.co.uk/business/2026/05/18/uk-gilts-bonds-borrowing-inflation-starmer-burnham-ftse-1000/
The world's oil stockpiles are "depleting very fast", the head of the International Energy Agency has warned.

Fatih Birol, executive director of the Paris-based agency, said commercial reserves were being rapidly drained as oil and gas shipments from the Middle East continue to be blocked by the war in Iran.

Speaking at a meeting of G7 finance ministers in Paris, Mr Birol warned there were only "several weeks" left of stored supplies at current rates of depletion.

"I think it is depleting very fast," he said. "We should be aware of the fact that it is declining rapidly."

[marty34]

Anybody planning to get home heating oil over the next week or two?

Thinking of summer and the very hot weather, prices may have dipped a bit?

[Mourne Red]

Anybody planning to get home heating oil over the next week or two?

Thinking of summer and the very hot weather, prices may have dipped a bit?

Got some couple days before US and Iran reached agreement it's down £50 from what I paid for 300l (£260)

Prices in my area about 64p-70p a litre now depending on the amount you're getting

[Armagh18]

Diesel after taking a couple of big jumps in the last week or 2, time the roads were blocked again at this rate!

[Milltown Row2]

Diesel after taking a couple of big jumps in the last week or 2, time the roads were blocked again at this rate!

How'd did that work the last time?

Blocking roads will not stop Iran blowing up ships that will continue to see prices rise..

[armaghniac]

Diesel after taking a couple of big jumps in the last week or 2, time the roads were blocked again at this rate!

How'd did that work the last time?

Blocking roads will not stop Iran blowing up ships that will continue to see prices rise..

They should go and block roads in Washington or Tehran.

[johnnycool]

Diesel after taking a couple of big jumps in the last week or 2, time the roads were blocked again at this rate!

How'd did that work the last time?

Blocking roads will not stop Iran blowing up ships that will continue to see prices rise..

The US has been bombing the shíte out of Iran the last number of days, the blame for the oil price increase lies solely in the US and it's terrorist proxy, Israel.

[seafoid]

https://www.ft.com/content/1ddfbe42-b8e8-487c-a156-505879469926?syn-25a6b1a6=1

 The oil price has risen above $98 a barrel for the first time since early June after Iran-backed Houthi militants said they had attacked two Saudi Arabian tankers in the Red Sea.

[seafoid]

Mearsheimer on oil strategy

https://x.com/ChrisLynnHedges/status/2080077945000112598

Missiles versus airplanes Matt Bracken.
Strategic gamechanger

https://x.com/MarioNawfal/status/2080139590808019387

Joe Kent bases outdated
https://x.com/MarioNawfal/status/2079698434135654439

[seafoid]

https://www.irishtimes.com/business/2026/07/22/high-prices-to-squeeze-families-cash-bank-warns/

Families face an "unwelcome squeeze" on their cash as surging oil prices sparked by the US-Iran war drive up the cost of living, Bank of Ireland warns.

Its forecast comes as the Middle East conflict worsens, threatening further energy price hikes likely to hit Irish households.

Inflation will rise by 3.1 per cent this year and 2.7 per cent in 2027, while oil prices remain high as a result of the hostilities, according to the bank's economic forecast published on Wednesday.

Households face "an unwelcome squeeze" on their incomes from higher inflation this year and in 2027 as a result, say the bank's economists Conall Mac Coille and Patrick Mullane.

[Rossfan]

"US Iran war"
It's fkn Trump's war on Iran at Satanyahu's behest of course.

[Mad Mentor]

Got 1000l of kerosene yesterday, €1300. Hopefully do me until Christmas.

[seafoid]

https://x.com/SternDrewCrypto/status/2080663201860227225
See new posts
Conversation
Sir Autumn Mandrake reposted
Stern Drew
@SternDrewCrypto
 WE ARE ABOUT TO WITNESS THE BIGGEST WAR IN HISTORY FOR THE SURVIVAL OF PETRODOLLAR

Massive U.S. bomber formations, continuous surveillance flights, and heavy air movements are now saturating the skies near Iran. This is no longer posturing.

This is the opening chapter of the biggest geopolitical-financial war of our lifetime, the one that will decide whether the petrodollar survives... or dies.

If the U.S. fails to completely dismantle the IRGC's control inside Iran, the consequences are not gradual. They are terminal

Iran has already laid down the new law of energy: Every single barrel of oil that passes through the Strait of Hormuz, the artery carrying ~20% of the world's crude, must be settled in Chinese yuan. No dollars. Full stop.

The moment that demand sticks, the 50-year monopoly that forced the world to recycle oil revenues into U.S. Treasuries collapses overnight. The petrodollar doesn't weaken. It dies. And the yuan (backed by real oil flow) becomes the new settlement currency of the energy world.

Watch the bombers. Watch the surveillance orbits. Watch Hormuz.

Because if this war ends with the IRGC still standing, the dollar's exorbitant privilege ends with it and a multipolar monetary order ruled by Beijing's currency and decentralized rails takes its place.

The markets haven't priced this yet. They will.

The faith of the petrodollar is now being decided in the skies over the Gulf.

[Wildweasel74]

Again. Whos fault this?