Skip to content
View in the app

A better way to browse. Learn more.

Thailand News and Discussion Forum | ASEANNOW

A full-screen app on your home screen with push notifications, badges and more.

To install this app on iOS and iPadOS
  1. Tap the Share icon in Safari
  2. Scroll the menu and tap Add to Home Screen.
  3. Tap Add in the top-right corner.
To install this app on Android
  1. Tap the 3-dot menu (⋮) in the top-right corner of the browser.
  2. Tap Add to Home screen or Install app.
  3. Confirm by tapping Install.

Oil Surges After Gulf Production Warning

Featured Replies

  • Replies 39
  • Views 1.3k
  • Created
  • Last Reply

Top Posters In This Topic

Most Popular Posts

  • After 18 months on the campaign trail Trump falsely promised to make America affordable again, and what he's actually done is increase inflation, increase job losses, create a tremendous amount of fea

  • Another muslim induced problem.

  • Oil prices up airfare prices up mortgage rates up energy prices up food prices up gas prices up, did nobody think about sitting Trump down and explaining to him in simple terms that even a 5 year old

Posted Images

  • Popular Post
7 hours ago, FlorC said:

Seems Canada has a serious bargaining chip which they are not using.

Maybe redirect the oil to Asia and let the US feel the pinch.

US oil producers, unless they are in a Communist State, can sell to whoever they liked, at the best price possible. Why should Americans get a discount.

16 hours ago, KhunLA said:

That didn't take long, from < $3 to $5, and in a country with control over some of the largest oil reserves ... go figure.

Unless of course, that's just a everyday snap of gas price in California, when the rest of country pays half that.

And a quick Google AI query ... and yep, as suspected, CA ...

image.png

Side note, still a lot cheaper than 91 in TH.

$2.70 / gal = ฿23 / liter

$3.59 / gal = ฿30.18 / liter

image.png

Those cali prices are about average what we pay here in canada.

7 hours ago, FlorC said:

Seems Canada has a serious bargaining chip which they are not using.

Maybe redirect the oil to Asia and let the US feel the pinch.

Over 90 percent of our crude oil exports go to the usa. We could have redirected it to asia for years now. I wonder why we haven’t. Not being difficult its a genuine question.

On 3/7/2026 at 2:07 PM, koolkarl said:

Another muslim induced problem.

Indeed, the world would be a much better place without Islam.

A post of low value has been removed:

  1. Low-Value Posts - Posts that add no written contribution are not allowed.

    This includes emoji-only replies, very short comments, memes, GIFs, screenshots, or embedded social media posts without explanation or opinion.

5 hours ago, blaze master said:

Over 90 percent of our crude oil exports go to the usa. We could have redirected it to asia for years now. I wonder why we haven’t. Not being difficult its a genuine question.

Lack of pipeline infrastructure. The Trans-Mountan Expansion Project that came online in May 2024 will increase Canada's oil export to new markets in Asia. This marked the first step in the much needed diversification beyond supply to US. Canada has also signed a free trade agreement with ASEAN for energy supply. Thailand has intensify their energy source from Canada. The major export market is still USA but has declined to 85%.

5 hours ago, Eric Loh said:

Lack of pipeline infrastructure. The Trans-Mountan Expansion Project that came online in May 2024 will increase Canada's oil export to new markets in Asia.

So the pipeline has been active for 2 years already....yet the usa continues to get almost all of it.

Oil prices surging after an attack on Iran. Who would have thought? 😂

Don the Destroyer is creating chaos as never before, this is his primary currency of trade, chaos, disruption, threats, fear, retaliation and ugliness. The single most dangerous in the man in the world continues his crusade to make the world a far more dangerous place. Thanks Don.

The U.S. war against Iran has triggered the largest oil supply disruption in history, more than double the previous record set during the Middle East crisis of the 1950s, according to an analysis by consulting firm Rapidan Energy.

About 20% of the world’s oil supply has been disrupted for nine days now as tanker traffic through the Strait of Hormuz remains at a standstill. Crude prices have surged above $100 per barrel in response.

The biggest disruption before the current war was during the Suez Crisis of 1956 when Britain, France and Israel invaded Egypt’s Sinai Peninsula, the energy consulting firm told clients in a Sunday note. In that crisis, about 10% of the world’s oil supply at the time was disrupted.

The disruption triggered by the closure of the Strait is nearly three times the size of the shock caused by the Arab oil embargo of 1973, Rapidan analysts told clients. The Arab embargo disrupted about 7% of global supplies.

The big difference between the supply shock of the Iran war and past crises is the world has no spare oil capacity to address the problem, the analysts said. Saudi Arabia and the United Arab Emirates hold the overwhelming majority of swing capacity but they have been cut off from the global oil market by the Hormuz closure, the analysts said.

“The conflict has not only taken offline a historically high share of global supply – it has simultaneously disrupted the primary holders of spare capacity,” the Rapidan analysts said. “The result is a market with no meaningful cushion. There is no swing producer positioned to step in.”

The U.S.-Iran war is the biggest oil supply disruption in history

https://www.cnbc.com/2026/03/09/the-us-iran-war-is-the-biggest-oil-supply-disruption-in-history.html?__source=androidappshare

file-20190516-69204-1u8iujl.jpg

Create an account or sign in to comment

Recently Browsing 0

  • No registered users viewing this page.

Account

Navigation

Search

Search

Configure browser push notifications

Chrome (Android)
  1. Tap the lock icon next to the address bar.
  2. Tap Permissions → Notifications.
  3. Adjust your preference.
Chrome (Desktop)
  1. Click the padlock icon in the address bar.
  2. Select Site settings.
  3. Find Notifications and adjust your preference.