India's crude imports from the Middle East jumped 32% in September to 2.8M bpd, the highest since February, as more barrels exit Hormuz. Russian imports fell 14% to 1.8M bpd as China competes for Urals. #OilMarkets#India#Crude#Hormuz
Russia's oil exports via the Arctic Northern Sea Route have already topped last year's by nearly 50%, with 20M barrels shipped to Asia this season, as Hormuz and Bab al-Mandab disruptions choke Gulf flows. #Russia#OilMarkets#Arctic
EIA: US crude inventories fell 3.1M barrels in the week to Oct 16, leaving commercial stocks at 412.5M, now 3% below the five-year average. Gasoline stocks also dropped 3M barrels as the US supply cushion keeps thinning. #OilMarkets#EIA#Crude
TotalEnergies expects exceptional Q3 results as its European refining margin hit $33.20/bbl, nearly triple Q2's $13.50. Refining cash flow is seen up $2B as the Middle East conflict lifts margins and LNG. #TotalEnergies#Refining#OilMarkets#LNG
The U.S. Strategic Petroleum Reserve held just 283M barrels at end-September, its lowest since 1982. DOE is lending crude via exchanges, and repayment windows run into late 2028, so refilling falls to future officials. #SPR#OilMarkets#Energy
