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The Latest Breaking News from Andy Lipow

Oil jumps over $3 as Saudi export halt, Libya outages stoke supply fears

Oil prices jump more than $3 as Saudi Arabia suspends oil loadings at Yanbu and Libya halts output at three oil fields. Supply concerns deepen as traffic through the Strait of Hormuz falls, while attacks on energy infrastructure in Russia and Ukraine push US diesel futures to a more than…

The Economic Times

US emergency oil stockpile plunges to lowest level since Reagan era amid West Asia war

America's emergency oil reserve has fallen to its lowest point since 1983. This significant drop follows extensive releases to manage economic impacts from global conflicts. Officials express concern about operational capacity and vulnerability to weather disruptions. The reserve's current low level raises alarms for future energy security.

The Economic Times

The fog of war is coming from inside the White House—and it cost oil markets $84 million in ten minutes

Meanwhile, the market shrugs at news of a record emergency release of oil.

Fortune

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Oil prices jump after Israel’s attack on Iran and it could lead to higher gas costs

Iran is one of the world’s major producers of oil and if a wider war escalates, it could slow the flow of its oil to its U.S. customers

The Independent UK

Tanker Vessels Carrying Millions Of Gallons Of Fuel To Florida

Tanker vessels carrying gasoline and diesel are en route to South Florida to replenish fuel supplies post-Hurricane Milton, easing shortages.

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Strategic Petroleum Reserve

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