EIA Reports 1.7M-Barrel Crude Draw as Hormuz Crisis Breaks the Glut Narrative
EIA reports a 1.7M-barrel crude draw for week ending July 10, 2026. WTI surges 9.3%. Here is what the mainstream missed in this week's data…
Kingdom Exploration · Market Intelligence
Daily analysis of the forces moving crude — supply, geopolitics, and the numbers behind the headlines.
17 articles Updated every morning
EIA reports a 1.7M-barrel crude draw for week ending July 10, 2026. WTI surges 9.3%. Here is what the mainstream missed in this week's data…
Brent slipped despite Hormuz closure and 135M stranded Russian barrels. EIA confirms U.S. inventories fell 1.7M barrels. The physical market tells a…
Supermajors are set to report bumper Q2 2026 profits as governments signal windfall taxes. EIA data tells a different story about what comes next. 150 chars…
EIA reports a +3.0M bbl crude build, but diesel stocks plunged 5.0M bbl and the SPR shed 6.2M bbl. Kingdom Exploration breaks down what the headline missed…
EIA reports a 3.8M barrel crude draw for the week ending June 26, 2026. WTI at $71.87. See the full bull vs bear breakdown for oil investors…
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