Global oil inventories are shrinking and U.S. fuel prices are at record highs amid Strait of Hormuz tensions and fears of further U.S. strikes on Iran. Rising Guyanese petroleum output is helping limit the risk of a sharper price spike.
Picked automatically2 outlets · lead report OilPrice.comUpdated 11:00 CT
Iran exempts China and India from Strait of Hormuz oil transit restrictions amid US blockade
Iran exempts China and India from its Hormuz oil transit restrictions amid a U.S. blockade. Oil rebounds after a midweek rout as investors weigh the war outlook, tanker attacks and U.S. election results.
Mild weather erodes US gas winter premium as EIA reports a 77 Bcf storage injection
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Storylines are grouped and written automatically from the day’s reports. The counts are of reports, which shows how much is being reported, not how important it is.
You’re caught up
That’s the top 7 stories right now. Further down, the other reports, newest first.
Radar
Tanker traffic · data through Oct 25 · estimate for Nov 5
Delayed: the latest data is from Oct 25, 11 days ago.
Tanker transits through the Strait of Hormuz average 0.9 a day, 1% of normal, and have been below half of normal since Mar 4. Bab el-Mandeb is at 49% of normal.
Share of normal tanker traffic
vs a normal week
DataEstimateNormal week
Strait of HormuzBelow half since Mar 41%est. 2%10%
Bab el-MandebBelow half of normal49%est. 48%75%
Suez Canal90%est. 88%125%
Cape of Good Hope195%est. 194%250%
Sep 11est. Nov 5
Lines are the last 45 days of data, through Oct 25; each row has its own scale. The grey line is the estimate for Nov 5: the last week carried forward, so it can miss when traffic changes suddenly; a step in it is the normal week changing, not traffic. An estimate, not data.
Traffic missing from one route can reappear on another.
OilMeme Radar
Last 24 h
WAR: 16 outlets in the last 24 hours, 22 in the 24 hours before
BLOCKADES: 10 outlets in the last 24 hours, 11 in the 24 hours before
CYBER & AI: 0 outlets in the last 24 hours, 0 in the 24 hours before
SANCTIONS: 11 outlets in the last 24 hours, 2 in the 24 hours before
OPEC+ POLICY: 4 outlets in the last 24 hours, 8 in the 24 hours before
SUPPLY: 1 outlet in the last 24 hours, 2 in the 24 hours before
DEMAND: 4 outlets in the last 24 hours, 4 in the 24 hours before
Last 24 hDay beforeRings: 2 · 10 · 22 outlets
Different outlets reporting something that points to each theme. Coverage, not confirmation.
Latest reports
10 other reports from the last 24 hours, newest first. Only established news and trade sources are listed, only reports that ranked highly, and none repeats a top story. The headlines are written by OilMeme AI and each links to the outlet’s report. They are picked automatically; an editor has not reviewed them and they are not part of the top stories.