#Trump #SPR #GiaDau #GiaXang #Hormuz #Iran #NangLuong #CongNgheDauKhi ๐๐๐๐ฒ
While the global energy market is shaking strongly due to US-Iran tensions and the risk of disruption in the Strait of Hormuz, the US government continues to launch more "strategic oil weapons" to cool down escalating fuel prices ๐
According to Reuters, the US Department of Energy has just decided to lend about 53.3 million barrels of additional oil from the SPR Strategic Petroleum Reserve to large energy corporations such as Exxon Mobil, Marathon Petroleum and Trafigura to stabilize supply and reduce pressure on gasoline prices in the US. ๏ฟผ
๐ฟ This move takes place in the context of:
* US gasoline price exceeds 4.5 USD/gallon
* Brent oil price at times exceeded 115 USD/barrel
* Hormuz continuously faces the risk of oil and gas transportation disruption
* Political pressure increases sharply before the US midterm elections ๐ฅ ๏ฟผ
๐ More notably, Mr. Donald Trump also announced his support for the plan to suspend the federal gasoline tax of 18.4 cents/gallon to reduce pressure on fuel costs for Americans. ๏ฟผ
๐ฟ However, many experts and parliamentarians warn:
* the actual reduction is quite small
* not enough to offset the current increase in fuel prices
* risk of budget deficit of billions of dollars each month
๐ ENERGY MARKET IMPACT
Current Status Index
US SPR oil discharged an additional ~53.3 million barrels
Total US plan ~172 million barrels
Global IEA plan ~400 million barrels
US gasoline price ~ 4.52 USD/gallon
Federal gasoline tax 18.4 cents/gallon
SPR reserves currently remain ~384 million barrels
๐ฟ The worrying thing is that SPR currently has less than 4 days of global oil consumption left if a prolonged crisis occurs ๐ฒ ๏ฟผ
๐ฅ This energy war is completely different from previous stages because:
* Hormuz is the world's vital transport route
* about 20% of global oil passes through this region
* Just a few days of interruption can cause oil prices to increase dramatically
๐ฟ Corporations such as Exxon Mobil and Marathon Petroleum are currently benefiting directly from preferential prices of SPR oil, while Asian refineries are under increasing pressure from import costs.
๐ COMPARE MARKET IMPACT
Factor Short-term impact Long-term impact
Discharging SPR Cooling down oil prices Reducing strategic reserves
Reduce gasoline tax Reduce people's costs Huge budget shortfall
Hormuz tension Oil prices increase sharply Risk of energy crisis
Global demand remains high, unlikely to decrease quickly
๐ The interesting thing is that even though the US is releasing a huge amount of oil into the market, energy prices have not yet been able to cool down completely. This shows:
* The market is worried about real supply
* investors fear Hormuz being blocked
* geopolitical risks are greater than the strength of SPR ๐ฟ
๐ For Vietnam, this change is especially important because:
* Nghi Son factory depends heavily on Middle Eastern oil
* Domestic gasoline prices are directly affected
* Logistics and transportation costs may continue to increase
๐ฅ If Iran tensions persist, the possibility of:
* Brent oil exceeds 130 USD/barrel
* US gasoline prices exceed 5 USD/gallon
* Asia is under great import pressure
is completely possible ๐ฟ
#Trump #SPR #GiaXang #GiaDau #Hormuz #Iran #ExxonMobil #MarathonPetroleum #NangLuong #CongNgheDauKhi ๐๐๐๐ฒ
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