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Oil prices are surging?

Posted on 6/21/25 at 10:02 pm
Posted by SlidellCajun
Slidell la
Member since May 2019
15452 posts
Posted on 6/21/25 at 10:02 pm
Higher oil prices benefits Russia but hurts China

This post was edited on 6/22/25 at 12:18 pm
Posted by NashvilleTider
Your Mom
Member since Jan 2007
15127 posts
Posted on 6/21/25 at 10:04 pm to
This time next year oil will be cheaper and Iran will be an after thought - but melt tonight - have you people not learned nothing with Trump
Posted by TigahTeeth
Georgia
Member since Feb 2016
5959 posts
Posted on 6/21/25 at 10:04 pm to
Iran will be buying oil from us.
Posted by hansenthered1
Dixie
Member since Nov 2023
2055 posts
Posted on 6/21/25 at 10:05 pm to
So our foreign policy needs to be a slave to cheap oil?

This post was edited on 6/21/25 at 10:11 pm
Posted by SingleMalt1973
Member since Feb 2022
21696 posts
Posted on 6/21/25 at 10:05 pm to
China is fricked
Posted by Deuces
The bottom
Member since Nov 2011
16213 posts
Posted on 6/21/25 at 10:06 pm to
Will you post links on your melts, please sir?
This post was edited on 6/21/25 at 10:06 pm
Posted by greygoose
Member since Aug 2013
13844 posts
Posted on 6/21/25 at 10:06 pm to
quote:

This time next year oil will be cheaper and Iran will be an after thought - but melt tonight - have you people not learned nothing with Trump
This time next year, Iran may have a whole different government with the ability to actually sell their massive amounts of oil outside of the black market.
Posted by Lynxrufus2012
Central Kentucky
Member since Mar 2020
18058 posts
Posted on 6/21/25 at 10:07 pm to
So the Saudis boost production.
Posted by loogaroo
Welsh
Member since Dec 2005
39079 posts
Posted on 6/21/25 at 10:07 pm to
quote:

Oil prices are surging
quote:

Oil prices are surging


Not really.

Get a grip.

https://www.rbcrichardsonbarr.com/
Posted by SouthEZtiger
Member since Oct 2007
541 posts
Posted on 6/21/25 at 10:08 pm to
Dumb
Posted by SouthEZtiger
Member since Oct 2007
541 posts
Posted on 6/21/25 at 10:09 pm to
Bingo. Don’t let facts get in the way of a good story
Posted by loogaroo
Welsh
Member since Dec 2005
39079 posts
Posted on 6/21/25 at 10:09 pm to
quote:

So the Saudis boost production.


This

As long a the Straight of Hormuz remains open, this is just a hiccup.
Posted by supatigah
CEO of the Keith Hernandez Fan Club
Member since Mar 2004
89680 posts
Posted on 6/21/25 at 10:13 pm to
Iran heavy was down $2 before today’s events

OPEC basket was up $1.24 by yesterday

we will know more on monday

most of iran’s oil goes to China anyway

OP is speculating

LINK
This post was edited on 6/21/25 at 10:14 pm
Posted by Y.A. Tittle
Member since Sep 2003
109332 posts
Posted on 6/21/25 at 10:16 pm to
quote:

OP is wishcasting
Posted by supatigah
CEO of the Keith Hernandez Fan Club
Member since Mar 2004
89680 posts
Posted on 6/22/25 at 12:17 am to
if Israel really wants to destroy Iran economically they take out the Kharg Island Terminal but that pisses off the Chinese

90% of Iranian Oil exports goes through Kharg, note Israel has not touched Kharg, they only hit Shahran Refinery which makes gasoline and diesel for Tehran

if they hit Kharg, there is no coming back quickly for a desired regime change and Iran plunges into total chaos economically

which would then make them incredibly volatile in that region and then we would see oil futures zoom upward
Posted by Big Scrub TX
Member since Dec 2013
38169 posts
Posted on 6/22/25 at 12:35 am to
quote:

Oil prices are surging?
Link? Evidence? Logic?
Posted by RobbBobb
Member since Feb 2007
32961 posts
Posted on 6/22/25 at 12:48 am to
quote:

Oil prices are surging?

We just switched to summer blend gas, dumbass
quote:

May-June: Deadlines for Terminals and Retailers

The May 1 compliance deadline for terminals to fully purge their systems of winter-blend fuels is considered one of the biggest factors in seasonal price increases. This regulatory requirement can lead to lower inventories at the terminal, which also puts upward pressure on gas prices. It can also take fuels refined in the Gulf Coast several weeks to reach storage terminals

In most areas of the country that require summer-blend fuels, retailers have until June 1 to switch to summer-grade gas.
Posted by Eurocat
Member since Apr 2004
16314 posts
Posted on 6/22/25 at 11:37 am to
Just an early reaction.
Posted by JCinBAMA
North of Huntsville
Member since Oct 2009
18270 posts
Posted on 6/22/25 at 11:45 am to
Damn, I knew internet acess in Slidell was a bad ideal.
Posted by dgnx6
Member since Feb 2006
84939 posts
Posted on 6/22/25 at 12:07 pm to
quote:

Russia- thank you Mr trump


Russia sided with Iran.

This post was edited on 6/22/25 at 12:08 pm
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