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At least 172 vessels have crossed through the Strait of Hormuz since the US and Iran signed a deal aimed at ending the war, including 42 ships on Saturday alone, according to new data from maritime intelligence firm Kpler.

The number of vessels making the transit from 18 June, the day after the deal was signed, is still well below the pre-conflict average of some 138 crossings each day.

Ship-tracking data analysed by BBC Verify shows more than 200 tankers appear to be waiting inside the strait on Tuesday, with at least 10 ships moving west into the Gulf so far.

The price of a barrel of Brent crude, the global oil benchmark, has dropped to its lowest level since the war began.

At least 172 vessels have crossed through the Strait of Hormuz since the US and Iran signed a deal aimed at ending the war, including 42 ships on Saturday alone, according to new data from maritime intelligence firm Kpler.

The number of vessels making the transit from 18 June, the day after the deal was signed, is still well below the pre-conflict average of some 138 crossings each day.

Ship-tracking data analysed by BBC Verify shows more than 200 tankers appear to be waiting inside the strait on Tuesday, with at least 10 ships moving west into the Gulf so far.

The price of a barrel of Brent crude, the global oil benchmark, has dropped to its lowest level since the war began.

Former US Federal Reserve chair Alan Greenspan has died aged 100, his wife has said.

At one time labelled as the Second most powerful man in the world after the US President

Either of the following

1) the market is totally wrong.

2) most sensible money is keeping well away from betting on oil,so futures are being moved by silly money and not necessarily as much needed to move it as would be needed normally as not very liquid at present.

3)there is actually more leakage of oil through the straits and Saudi,Iraq etc have managed to divert / utilise other pipeline to move at least half of what is missing daily.

With demand Destruction and lack of Chinese imports being the balance.

But Top people at Exxon and Chevron who know more than me say trouble is coming

What do I think probably a bit of all 3 .

But oil companies have done a hell of a job to keep the world running so far.

I’m sure many of you use the watchlist function on here to keep a quick look at all the shares in your portfolio.

It’s a very useful way to see winners and losers and can be quickly updated as you buy and sell.

I find it much better than the portfolio function.

However the real reason for this post was a couple of weeks ago I accidentally looked at my watchlist in landscape instead of portrait ( my iPad turned).

There is so much more information that way including the daily high’s and low’s on your stock.

You probably already know, but if it helps one person it’s worth the post.

My wife bought 1,000 yesterday morning.

She has done rather well with BP ( mainly well,timed sells due to needing the cash).

But I’m sure it wasn’t her buying 7,000,000 plus shares.

From CNBC

At least 20 tankers transited the Strait of Hormuz on Thursday, according to Kpler. That is the highest level of traffic since June 2, the firm said.

Iranian supertankers loaded with oil are switching on their transponders as they depart the region after going dark during the war, Kpler said.

The majority of the ships that crossed followed the route designated by Iran, according to Kpler.

One thing that seems to be forgotten about release of US strategic reserves.

This time oil companies instead of simply buying the oil,contracted to replace plus a premium of up to 24%.

So when they replace the large number of barrels released it’s that large number plus nearly a quarter.

My maths might be a little hazy, but quarter of a large number is still a big number.

One thing that seems to be forgotten about release of US strategic reserves.

This time oil companies instead of simply buying the oil,contracted to replace plus a premium of up to 24%.

So when they replace the large number of barrels released it’s that large number plus nearly a quarter.

My maths might be a little hazy, but quarter of a large number is still a big number.

Https://en.globes.co.il/en/article-bp-socar-newmed-to-begin-israel-gas-exploration-in-september-1001546328

Lots of volatility again,with the extra layers of uncertainty.

You would hope that continued to play into BP Tradings hands.

These days a Trend is something that lasts till lunchtime

There is actually lots you can believe on the internet.

The problem is there is so much information out there that 99% might be crap.

That still leaves a lot of good information.

But you need to find the nuggets.

You will always find something out there to support any view.

And almost immediately something that contradicts what you have just read.

Personally would still rather have too much information than how it was when I first started investing,when the biggest improvement in information was the BBC doing a half hour program daily on investing.

Personally think the next 4 weeks are critical as we see how normalised traffic through the straits becomes.

Assuming firstly that peace does hold.

Then the next 3 months becomes critical as undamaged infrastructure comes back on line ( including shut in oil fields).

Only after that can we really start to understand what the new oil story is.

With inventories very low is a glut really likely?

As if prices are low won’t inventory be refilled just in case.

But one thing is for sure the oil system will be more chaotic for a while

BP model appears to be capital light model,which means less money tied up,and someone else partnered in to contribute some CapEx.

BP was also talking about selling off part of Lightsource BP but that seems to have gone quiet.

Similarly BP Bunge Bioenergy was also spoken about as a partial sell off again seems to have gone quiet.

Dan

The only thing you missed is others ( the market, recent share buyers in bulk or another oil company),may also see the good times in 3 years time.

And decide to get involved .

Personally think it’s very uncertain times so things may not change quickly.

But then quick bucks is luck or gambling,investment is longer term.

Results 4 th August

BP ex div 13 August

Payment 18 th September

Such a nice board today.

Able to see the posts without a sea of crap.

Back tomorrow to do it all again.

Trump now turning his eyes to Russian oil so oil price could go anywhere.

TotalEnergies CEO says Saudi refinery hit by drones early in war operating at 70 percent capacity

And it can really make a difference what exactly the 30% not working is.

As this can totally change % of each product produced by a large amount.

Could potentially cut jet fuel production by up to 1/2 in worst case scenario.

Probably a none event, but Mother Nature does have a habit of timing her disasters for the worst possible outcome.

HOUSTON, June 16 (Reuters) - A tropical storm was expected to form off the Texas coast by Wednesday morning from a system labeled Potential Tropical Cyclone One, ​the ‌U.S. National Hurricane Center said on Tuesday, warning of heavy rainfall and dangerous flash flooding along the energy corridor that includes major offshore drilling and onshore refineries.

Those refineries have so far taken only preliminary precautions of securing ⁠plants' loose items that could be thrown around by high winds expected when the storm comes onshore ⁠near the Texas-Louisiana border as early as Wednesday.

Shell Plc said there had ​been no impact on the offshore production platforms from the forming storm. BP said it was monitoring the storm's progress.

Much of the U.S.-regulated production in the northern Gulf of Mexico is south and east of the forecast path of the weak storm system.

The potential tropical cyclone — about 65 miles (105 km) southwest of Corpus Christi, Texas — would take the name Arthur if it strengthens and becomes the ​first named storm of ‌the 2026 Atlantic hurricane season.

It is currently producing maximum sustained winds of 30 miles per hour (45 km/h). A tropical storm watch has been issued for the northwestern Gulf Coast from Sargent, Texas, to the Texas-Louisiana border.

A Tropical Storm Warning was issued on Tuesday from Sabine Pass on the border of the two states to Morgan City, Louisiana.

The storm is not expected to become a hurricane, according to forecast models. "The disturbance should move offshore the Texas coast tonight or early Wednesday, move roughly parallel to the upper Texas coast later on Wednesday and move back inland in ​extreme eastern Texas or southwestern Louisiana late Wednesday or early Thursday," the NHC said.

Regardless of further strengthening, the storm system is expected to bring 4 to 8 inches of rainfall — with isolated higher ‌totals around 12 inches (30.5 cm) — through Thursday along the Texas coast through much of Louisiana and beyond. A dangerous storm surge could flood normally dry areas, the NHC added.