OOPS...Oil prices crashes -$30+ dollars in less than 16 hours; "Crude Oil Price Forecast 2026: $140 War Premium or $60 Surplus Baseline?" BIG FAIL
(bingx.com)
🤡 MSM Conspiracy Theory 🤡
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Correct. Big block of Russian oil that has been sitting in tankers in the ocean for ~2 months just got rerouted to Indian refineries (1.4M barrels with another 9.5M barrels on the way). It appears to have been redirected from Chinese refineries. (announced 3-4-26 immediately after insurance fix applied 3-3-26) https://www.theresearchers.us/2026/03/04/russia-supply-oil-india/
Also, it appears that Saudi, Kuwait, and others have been stockpiling oil in storage for the last two years. It is suspected to be ~25% of yearly OPEC output. It is being released now or soon will be. They probably just sold it to the dummies manipulating the oil contract price for $117 per barrel (contract locked in). /s
And in the meantime, US oil output projected to hit 20M barrels a day by July 4 (+50% from NOV 2025). Estimated "max capacity" of the US is around 58M barrels a day, but requires PA and CA to get their heads out of their asses.
Add Guyana to your big picture. They are at 1 million bps and expect to be at 1.7 million bps by 2030. Light sweet crude. Next door Suriname is starting to ramp up, but the going is a little slower.