2 entries tagged crude oil. All writing.
OCTOBER 6, 2026 Aramco's CEO Says Under 6 Billion Barrels Remain. Under 6 Billion of What? Saudi Aramco's chief executive told a London conference that less than six billion barrels of commercial oil inventories remain, "the vast majority not practically available." A viral post set that beside JPMorgan's "operational floor" of 6.8 billion and implied the line had been crossed. The two numbers measure different things, and the real warning in his speech is somewhere else. OCTOBER 6, 2026 CME Dropped 24/7 Oil Trading. "Staffing" Is the Smallest Reason. On Friday CME Group withdrew its filing for a 24/7 oil futures contract, and a widely shared post made it sound like an exchange that couldn't find weekend staff. The record is stranger and more useful than that — a regulator's stay in July, a stated worry about unintended consequences, and a list of objections in which staffing is the least interesting one.