General Discussion

Melon

(1,824 posts)

16. This isn't the entire story. Supply chains have changed.

Wed Jun 10, 2026, 12:29 PM

Yesterday

China has cut consumption to gas and refinery products.
Olefins production from oil to Naptha has changed over to CTO( Coal to Olefins ) and MTO( methanol to olefins).
The Chinese economy is bad and exports of chemicals have resumed.
China has oil reserves for 2026.
Every small country with oil has increased output.

In short…the world is ok near term. It’s why oil is falling. I expect downward economic pressure mid July ish as Chinese chemical production reaches EU and the US.

The question is how this has changed the global oil infrastructure even after this war. It has diminished the relative importance of Middle East oil.

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I Told You The Price Of Crude Is Being Rigged [View all] gab13by13 Yesterday OP

Oil prices have always been rigged. They go up and down when opec leaders need new stuff. Srkdqltr Yesterday #1

They've been rigged (subsidized) to keep prices low for the last 60 years about. eom Exp 19 hrs ago #36

The EIA reported this morning UpInArms Yesterday #2

i have no idea what that means. dem4decades Yesterday #3

The EIA reports on our inventory of fossil fuels UpInArms Yesterday #7

If they have that much control and wanted to help Trump, why don't they lower price to where it was in February? onenote Yesterday #4

It's a happy medium right? gab13by13 Yesterday #8

Let's see what happens as the November elections near Raven123 23 hrs ago #19

Another article Takket Yesterday #5

Yes, and the people who set the prices are very much aware of that scenario. gab13by13 Yesterday #9

The oil companies fucking suck. Yet we're practically forced to buy their products. Initech Yesterday #6

It's all going to hit a wall at some point this year SamuelTheThird Yesterday #10

You should buy as much oil futures as you can then MichMan 20 hrs ago #35

I think you've missed some other influencing factors Fiendish Thingy Yesterday #11

From my co-pilot search gab13by13 Yesterday #13

I think the markets pay more attention to actual production of oil Fiendish Thingy Yesterday #14

I have been following the price of crude for 3 months, gab13by13 Yesterday #15

See post #17 Nt Fiendish Thingy 23 hrs ago #22

You Do Realize That ProfessorGAC 22 hrs ago #23

It goes back up when the deal fails to materialize or an attack happens. maxsolomon 22 hrs ago #28

That's Not What The OP Said ProfessorGAC 22 hrs ago #29

This. Track Brent Physical Delivery Melon Yesterday #17

How can you say the price is in line with Brent futures when gab13by13 23 hrs ago #18

Reserves are just that: reserves. They can only put down pressure on prices for months ... marble falls 22 hrs ago #27

Exactly what I said. Current available oil is tracking with futures Melon 21 hrs ago #30

Exactly right. This is all about pricing, not availability. marble falls 21 hrs ago #31

The only way to end this is to remove Krasnov and get out. GoodRaisin Yesterday #12

Shared frustration and crushed optimism relogic 22 hrs ago #24

Seriously: If the US wanted to clear the Straights and the Gulf, the Navy with all the aircraft carrier groups in ... marble falls 20 hrs ago #33

This isn't the entire story. Supply chains have changed. Melon Yesterday #16

Nice post, gab13by13 23 hrs ago #20

I wouldn't be surprised if Drumpf wasn't bribing and/or threating the players to keep the price artificially low ToxMarz 23 hrs ago #21

It's traders and speculators fiddling with the Commodities Market by disaster investing. marble falls 22 hrs ago #25

They control the oil... kentuck 22 hrs ago #26

Did Trump admit to piracy today? LR3 21 hrs ago #32

Didn't TACO actually joke about being a pirate a few weeks ago? marble falls 20 hrs ago #34

He did some rigging in early 2020 when the pandemic started Jbraybarten 18 hrs ago #37