Let's go now to back to Bob McN. Bob, it's a little bit fluid, so I appreciate it. Um, you just heard that conversation.How is Russia so successfully getting around the current sanctions. Hey, Brian, it's not a question of getting around. These sanctions under President Biden were designed purposely to help Putin sell his oil.President Biden went to India and said, "Please import Russian oil." Why did he do that. because we didn't want the oil price staying at $127 a barrel, which is where it went in right ...

Shale oil producers added a single drill rig this week after 14 consecutive weeks of declines, staving off at least for now a pandemic-level downturn in US activity https://t.co/5kmubOI499 ...

#报告 北欧斯安银行：OPEC+最新的行动意味着美国页岩油必须逐步退场。None (@None):None ...

American refiners are relying on oil supplies from the country’s biggest shale basins more than ever as flows of denser varieties from places like Mexico ebb https://t.co/amiPQYDH7H ...

Oil Market Dynamics - The market had priced in a $15-20 per barrel premium due to Israel-Iran tensions, which is now being eliminated as the worst of the turmoil appears to be over [2] - Prior to the conflict, debates centered on tariffs potentially driving recession and leading to $50 oil price predictions [3] - Better-than-expected oil demand data and underperforming OPEC production quotas were observed [4] - Shale oil drilling had decreased, leading to questions about potential rollover [4] - Demand is hanging in at around 1 million barrels per day of growth [6] Factors Influencing Oil Prices - Transportation costs, particularly shipping, have surged due to Middle East risk premiums [5] - The potential for shale oil growth resumption if oil prices remain above $70 is a key variable [6] - Underlying oil fundamentals should be the primary focus, considering past disruptions' varied impacts [6][7] Geopolitical Considerations - The Israel-Iran conflict has not demonstrated Iran's strong military capabilities [8] - Most of Iran's oil sales go to China, making the closure of the Strait of Hormuz unlikely [8][9] - China's role is significant in preventing actions like closing the Strait of Hormuz [9]