Anonymous ID: bed2cd Oct. 22, 2021, 7:17 a.m. No.14833770   🗄️.is 🔗kun   >>3783 >>3785 >>4137

https://oilprice.com/Latest-Energy-News/World-News/Oil-Prices-Could-Explode-As-US-Largest-Storage-Hub-Nears-Empty.html

 

Oil Prices Could Explode As U.S.' Largest Storage Hub Nears Empty

By ZeroHedge - Oct 21, 2021, 2:30 PM CDT

Anonymous ID: bed2cd Oct. 22, 2021, 7:17 a.m. No.14833772   🗄️.is 🔗kun

https://www.worldoil.com/news/2021/10/22/oil-inventory-at-cushing-crude-hub-nears-critically-low-levels

 

Oil inventory at Cushing crude hub nears critically low levels

By DEVIKA KRISHNA KUMAR on 10/22/2021

 

(Bloomberg) –Stockpiles at the biggest U.S. crude depot are quickly approaching critically low levels. The last time that happened, crude cost more than $100 a barrel.

 

The storage tanks in Cushing, Oklahoma, require a minimum level of oil to maintain normal operations, which traders generally believe is around 20 million barrels. Unusually for this time of year, stockpiles declined more than 4 million barrels over the past two weeks to 31 million and are expected to keep dropping rapidly due to the world's insatiable demand for U.S. light sweet crude.

 

It’s a stunning reversal from last year when the pandemic prompted a glut of oil so big that traders resorted to storing it in tankers at sea. The drawdown, driven by a rapid demand recovery, has been exacerbated by an energy crisis that has sent European and Asian buyers on the hunt for cheaper barrels. Over the coming weeks, stockpiles are likely to fall further to the operational low, traders at some of the biggest oil merchants in the world said, prompting the market to turn even more bullish.

 

“Crude oil could justifiably trade to the next level higher on the storage drought at Cushing alone,” said Bob Yawger, director of the futures division at Mizuho Securities USA. “Forget about fuel switching, whether OPEC+ adds additional barrels, or dollar weakness: if Cushing continues to slide, it could get ugly quickly.”…….moar

Anonymous ID: bed2cd Oct. 22, 2021, 7:17 a.m. No.14833773   🗄️.is 🔗kun   >>3785

https://www.bloomberg.com/news/articles/2021-10-14/u-s-oil-hub-supplies-dwindle-as-energy-squeeze-draws-exports

 

Markets

 

Global Energy Squeeze Triggers Unusual Decline at U.S. Oil Hub

 

By Devika Krishna Kumar and Barbara J Powell

October 14, 2021, 12:10 PM CDT

Stockpiles in Cushing typically rise this time of year

Cushing crude inventories stand at lowest since October 2018

Anonymous ID: bed2cd Oct. 22, 2021, 7:23 a.m. No.14833801   🗄️.is 🔗kun   >>3902

https://twitter.com/disclosetv/status/1451552095287513095

 

Disclose.tv

@disclosetv

 

JUST IN - Trump's $DWAC stock, the SPAC that merged with Trump Digital & Technology Group, breaks the Internet: It’s up over 1,200% in two days.

 

9:12 AM · Oct 22, 2021·Twitter Web App

Anonymous ID: bed2cd Oct. 22, 2021, 7:29 a.m. No.14833833   🗄️.is 🔗kun   >>3847

https://www.thegatewaypundit.com/2021/10/chinas-military-declares-biotechnology-warfare-fundamental-guiding-principle/

 

China’s Military Declares Biotechnology Warfare as its Fundamental Guiding Principle

 

By Jim Hoft

Published October 22, 2021 at 8:20am

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