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Brent Has Found an 'Uneasy Equilibrium,' StanChart Says
Bloomberg Television· 2026-05-11 12:59
Does the pricing make sense given that continued uncertainty that you've just highlighted. Yeah, Brent seems to have found a sort of uneasy equilibrium at the moment between 100 and 105. And what's interesting is that its reaction to headlines has been notably dampened over the past few days.Perhaps where we've seen some interesting moves is in the cost of real world cargoes. So we have seen an easing in the premiums for some of those North Sea grades, which have been falling back towards pre-war levels and ...
Oil tanks in the US will run dry, Jeff Currie says
Bloomberg Television· 2026-05-06 18:22
When do storage tanks run empty. >> Um, you're parts of the world like Australia, Philippines, Thailand, you are, but the question is when and where. Um, you know, I I still say that with you, you know, it's going to be, you know, sometime the month of May that you're going to end up with um Europe hitting um tank bottoms.And in the US, it's somewhere in that July 4th time period, if not sooner. By the way, the inventories number coming out of the US, the ones we got last night, the ones last week, I've nev ...
US Oil Storage Tanks to Run Empty Around July 4, Currie Says
Bloomberg Television· 2026-05-06 13:59
When do storage tanks run empty. Parts of the world like Australia, Philippines, Thailand you are. But the question is when and where.You know, I still say that with you. You know, it's going to be, you know, sometime the month of May that you're going to end up with Europe hitting tank bottoms. And in the US it's somewhere in that July 4th time period, if not sooner.By the way, the inventories number coming out of the US, the ones we got last night, the ones last week, I've never seen anything like that be ...