Saying Trump wanted Venezuelan oil because shale growth stalled is complete nonsense. Trump imposed the sanctions and is now removing them on oil opposite to shale in crude quality. The U.S. was getting Venezuelan oil until Trump imposed the sanctions. Shale oil production growth is controlled because the industry structure has changed in the last four years.

The Trump administration is authorizing an early shift to the sale of wintertime gasoline blends, its latest move to blunt fuel costs and supply concerns stoked by the war in Iran. The Environmental Protection Agency announced Thursday it was relaxing normal summertime gasoline requirements. The switch, which enables the use of a dirtier-burning wintertime fuel blend, typically happens in mid September. Starting Sept. 1, the waiver allows the sale of gasoline blended with 10% ethanol that evaporates faster than fuel typically sold during summer. #oott#

🥇What primarily drove oil prices higher today beyond geopolitical headlines? 🥈Why have European gas prices surged despite claims of no supply concerns? 🥉How are US and Indian refiners capitalizing on current global fuel shortages? 4.What evidence shows crude markets rapidly shifting from oversupply to tightness? 5.Why are Chinese refiners buying discounted Iraqi crude despite Hormuz risks? 6.What limits the effectiveness of Trump’s renewed “economic warfare” against Iran? 7.Why pursue high-risk offshore Jurassic exploration in Mexico over easier shale options? 8.What caused Mediterranean naphtha exports to Asia to reach a four-month high? 9.Why does Tengiz field’s looming peak highlight the need for major new investment? 10.What risks accompany hyperscalers’ rush into off-grid power for AI demand? Daily Energy Report