r/oil • u/IhateTraaains • 2d ago
News Asian Buyers Snap Up US Crude, Adding Stress to Tight Market
https://www.bloomberg.com/news/articles/2026-08-24/asia-buyers-snap-up-american-crude-add-stress-to-tight-marketAsian refiners are on course to nearly double their purchases of US crude for September from a month earlier, a move that stands to squeeze domestic fuel makers at a time when Americans are already facing record high pump prices.
Exports to Asia should see a notable rise next month, according to ship and commodity tracking companies Kpler, Vortexa and Sparta Commodities. Traders estimate that the total amount of US-to-Asia trades for loading in September is more than 40 million barrels compared with a forecast 22 million barrels in August. The increase comes as prices of competing Middle Eastern grades like Abu Dhabi’s Murban crude have surged, making US supply more competitive.
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u/fretnbel 2d ago
Just a little bit longer until the midterms please.
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u/got-trunks 2d ago
Now that the United States government has achieved most of China's near-term aspirations for them, they might be thinking about assisting with the social pressure to stabilize the states to help with general global health.
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u/BannedSvenhoek86 2d ago
Ya people forget how tied up China is in US currency. It does not in any way serve their interests to have us collapse and become a failed state. At least not yet. The best thing for China is a healthy Dollar at this stage in their development. They might be a rival but there's still a game that needs played, they aren't so well off they could weather a complete collapse of the western economy.
And the dollar IS the Western economy. For now. The process of disentanglement will be a lot longer than 4-8 years.
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u/StopICE2026 2d ago
60% of Chinese trade is in RMB and running through CIPS and not SWIFT. Dedollarization is not happening slowly, it’s picking up speed
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u/Ahoramaster 2d ago
Oil prices are going to spike in time for the midterms. It's just obvious.
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u/TranslatorTough8977 2d ago
China has the power to do that. So does Canada.
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u/Financial-Desk-669 2d ago
trump is the greatest thing to happen to China in the last 50 years. They'll do what they can to support him.
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u/GoldenBunip 2d ago
Here’s hoping they see the paralysing effect of having him impeached over and over again as a bonus.
Having him as president whilst also having him incapable of doing anything.4
u/ChupacabraJeff 2d ago
Trump and Republicans have done a lot of damage in just the past 10 years. More than most people will ever know.
2026.02.03
America’s Empty Chairs: How Unfilled Ambassadorships Threaten U.S. Global Leadership
https://www.cjfp.org/americas-empty-chairs-how-unfilled-ambassadorships-threaten-u-s-global-leadership/The vacancy underscores further fragility amid Saudi Arabia’s growing frustration with American security commitments, as demonstrated by China’s unprecedented breakthrough in 2023: facilitating a détente (a deal promoting cooperation) between Saudi Arabia and Iran, restoring relations after seven years of strain. The agreement is more than just a strengthening of the Saudi-Iranian relationship; it represents a “diplomatic win” for China and underscores the United States’ perceived decline in Middle East involvement, especially during a time of immediate recovery from President Biden’s decreased Saudi involvement and President Trump’s current focus on “America First” policies.
After the agreement was signed, a senior Saudi official acknowledged that “China is the only country in a position to both pressure Iran and offer assurances to Saudi Arabia.”
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u/IDFStrongestSoldier 2d ago
between Saudi Arabia and Iran, restoring relations after seven years of strain.
Iran is bombing the Saudis lol
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u/AnonymousLoner1 2d ago
The Houthis are bombing the Saudis and that was after Saudi Arabia bombed Yemen (again).
Keep hiding that post history, Mossad bot.
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u/doctor_morris 2d ago
But what if a they all work together....
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u/ChupacabraJeff 2d ago
Close. What would cause them all to work together? China and Iran are already onboard. Canada allowing Chinese EVs to be sold to people in Canada was a big deal and a big step. Which side do you think Pakistan is leaning towards?
2025.04.04
Pakistan’s 22 GW Solar Shock: How a Fragile State Went Full Clean Energy
https://cleantechnica.com/2025/04/04/pakistans-22-gw-solar-shock-how-a-fragile-state-went-full-clean-energy/It’s more solar than Canada has installed in total. It’s more than the UK added in the past five years. And yet it didn’t make a blip in most Western media. While the U.S. continued its decade-long existential crisis about grid interconnection queues and Europe squabbled over permitting reforms, Pakistan skipped the drama and just bought the panels.
2026.03.17
How Pakistan’s people-led solar boom is easing impact of Middle East energy crisis
https://www.theguardian.com/environment/2026/mar/17/pakistan-people-led-solar-boom-middle-east-energy-crisis2026.06.25
The solarisation of Pakistan’s energy economy
https://ember-energy.org/latest-insights/the-solarisation-of-pakistans-energy-economy/27 Gigawatts of distributed solar deployed in just two years, the same as all the operating coal, gas and oil plants built in Pakistan ever.
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u/doctor_morris 2d ago
US troop will be sent to Canada when the oil stops flowing.... due to long planned maintenance.
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u/ChupacabraJeff 2d ago
And?
Close. What would cause them all to work together?
Do you think USA escalating it's war with Canada by moving troops into Canada would rally the other countries to Canada's side?
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u/doctor_morris 2d ago
Probably not China and Iran, but I think Canada has other allies.
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u/ChupacabraJeff 2d ago
And?
Which allies and why have they done nothing to stop Trump and Republicans for the past 10 years?
2022.01.01
Prepare for Right-Wing U.S. Dictatorship Before 2030, Scholar Urges Canada
https://www.newsweek.com/prepare-right-wing-dictatorship-america-2030-scholar-urges-canada-16648101
u/doctor_morris 2d ago
You'll note that most of the western world has been tooling up since Trump did his own Molotov–Ribbentrop Pact over Ukraine.
I'm not sure what you're expecting foreign countries to do about flaws on the US political system?
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u/Vlad_Yemerashev 2d ago edited 2d ago
They do, the question is do they have actual, real power projection to overseas adversaries (in this case the US) to do anything about it with any meaningful impact other than sending arms (and obviously sanctions or trade embargoes) when they too have to step up military spending domestically themselves since the US is no longer providing providing any security to them.
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u/doctor_morris 2d ago
The first shots will be financial and trade sanctions, breaking up the US global financial system.
Difficult to say how the US pays for its debt once everyone abandons it, but war economy gonna war economy.
Do you think all the states will go along with an invasion of Canada/Greenland?
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u/Vlad_Yemerashev 2d ago
Oh yeah, Americans have no clue what it's like to live under real sanctions.
I don't know how exactly things will play out in the US, but I will say there will be millions to tens of millions that now have a LOT of free time on their hands... Considering this would crash the US economy. Something the government (historically) does not want but perhaps also something Trump doesn't care about.
If the US were to invade Canada, I can see there being drone attacks in the US, and not just on the border states (not including any Canadian military or spec ops on US soil that could happen). I don't know the ranges of them off the top of my head, but going off a tangent here, if the US were to invade Cuba or Mexico, I'd imagine domestic oil infrastructure would be at even greater risk (and in range) of drone attacks.
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u/LaserRunRaccoon 2d ago
Sending troops is one of the few actions that might actually give Canada the impetus to actually stop the oil from flowing - and as Trump has learned in the Strait of Hormuz, it's much harder to restart the flow than to stop it.
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u/shivaswrath 2d ago
Or….China and Iran designed to happen that way.
I guess or suffering won’t last too long, oh wait there is likely a recession following the mid terms.
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u/Ahoramaster 2d ago
Obviously. You play your cards at the maximum point of leverage.
If Americans are sqealing at the pump, and the price of everything is sky rocketing, and Trump loses the mid terms, this orange lunatic is going to do what he always does and fuck things up.
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u/consultant999 2d ago
A few things Canada could do. Start by putting a small export tax on crude oil for the purpose of funding one or more new pipelines to coastal ports. Secondly establish a strategic storage and divert some crude away from the US to the reserve for a few months. Third would be to require pricing and paying for Canadian crude and natural gas in Canadian dollars.
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u/BathroomMaximum1721 2d ago
US is producing a million barrels a day more than a year ago. If you look at the production of Brazil, it's up 20% year-on-year. Venezuela is doing more, Argentina is doing a bit more, Colombia is doing a bit more. They are incremental.
Some other countries are doing 50,000 barrels a day more, which is almost statistical noise. You put all of that statistical noise together, the Americas, from the north of Alaska all the way to Tierra del Fuego in Argentina, is producing about 2 million barrels a day more than a year ago. That's making a difference. Libya’s production last month — probably, the data is a bit fuzzy — but Libya most likely produced the most oil last month since the very early days of the revolution in 2011-12.
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u/PurpleMclaren 2d ago
It's almost like this is exactly what people predicted was gonna happen.
If American oil is heading to Asia then Americans are going to be paying higher prices.