OPEC+ Raises a Quota Nobody Can Fill, Then Warns the Oil Will Be Slow to Return
OPEC+ raised production quotas by 206,000 barrels per day on Sunday, a gesture as meaningful as raising the speed limit on a road that is closed.
Dara Osei
Bureau: London
A French Ship Crossed the Strait of Hormuz. It Paid Iran Two Million Dollars. In Yuan.
The CMA CGM Kribi became the first European vessel to transit Hormuz in a month -- paying Iran a toll in yuan, proving the blockade has evolved from military closure to revenue-generating chokepoint.
The Oil Crisis Is Now an Everything Crisis, and April Will Be Worse
CNN's rebranding of the oil shock as an 'everything crisis' is not hyperbole -- J.P. Morgan's models show the real supply squeeze has not yet arrived.
The Iran Oil Sanctions Waiver Expires in Two Weeks. The Tankers Are Still Circling.
With 14 days left on the 30-day waiver, an India-bound Iranian tanker diverted to China, India denied payment problems, and most of the 95 million barrels at sea remain unsold.