OilXCoin

$OXC is live for secondary trading on Archax and Assetera. Alongside the listings, OilXCoin's O&G lease in Kansas has already increasing production by 28% by implementing the first EOR measures. Read more about the announcement: oilxcoin.io/en/oilxcoin/pr…

Morgan Stanley warns oil investors that $125 per barrel is the tipping point. Brent crude has already surged to $116 after strikes on oil refineries and gas plants in the Middle East. Markets are now on edge. 📰 Full article: finance.yahoo.com/sectors/energy…

Fire hits the world’s largest gas field 🚨 Iranian state media says part of the country’s South Pars petrochemical facility has been hit in strikes. South Pars produces 70 to 80 percent of Iran’s total gas supply, making this a major disruption with potential ripple effects across energy markets.

Senator Kevin Cramer says the Clarity Act could be marked up before Easter. The US is pushing to stop digital assets from moving offshore and protect its innovation edge. Clear guardrails between TradFi and crypto are now a priority and the urgency is real.

First non Iranian cargo transits the Strait of Hormuz with AIS on. According to @MarineTraffic, the Aframax tanker Karachi, carrying Abu Dhabi’s Das crude has become the first non Iranian cargo to pass through the Strait of Hormuz while broadcasting its AIS signal. The transit comes after Iran announced the strait is open to all countries except the United States, Israel, and their allies. A small but notable signal that limited oil flows could resume through one of the world’s most critical energy chokepoints.

🇺🇸 1.6 billion barrels of oil and over 28 trillion cubic feet of natural gas discovered in Texas.

The Iran war is causing the largest oil supply disruption in history, according to the IEA. Current oil market situation: ➝ Gulf producers have shut in at least 10 million barrels per day of production ➝ The conflict has pushed global oil output to its lowest level in four years ➝ The IEA expects global supply to fall by about 8 million b/d in March ➝ That equals roughly 7 percent of February’s 107 million b/d production The disruption is largely tied to the collapse of shipping through the Strait of Hormuz, one of the most critical oil routes in the world. reuters.com/business/energ…

The IEA is considering releasing 300–400 million barrels from its emergency reserves, according to @business. The proposal comes as military strikes continue across the Middle East, raising fears of disruptions to global oil supply. Read more 👇 bloomberg.com/news/live-blog…

Global stablecoin holder count just hit a new all time high of 232.9 million 📈 Adoption continues to grow as major institutions enter the space. Western Union recently announced plans to launch its stablecoin, $USDPT, built on Solana. This follows Fidelity’s launch of the Fidelity Digital Dollar ($FIDD), a stablecoin designed for both retail and institutional investors. Stablecoins are quickly becoming a core piece of global payment infrastructure.

Crude oil prices dropped below $100 today. This followed reports that ships are crossing the Strait of Hormuz by turning off their transponders before entering the strait and switching them back on after passing through. The situation in the region remains dire.

Did you know API gravity is the industry standard used to measure how light or heavy crude oil is compared to water? The higher the API gravity, the lighter the crude. Lighter crude is generally easier and cheaper to refine into fuels like gasoline and diesel. Here is how some major crude types compare: 🇮🇷 Iranian Light: About 33 to 36° API. A medium light crude with higher sulfur that requires additional refining. 🇺🇸 WTI (West Texas Intermediate): About 39 to 40° API. A light, sweet crude and one of the world’s main pricing benchmarks. 🇻🇪 Orinoco crude (Venezuela): Often 8 to 12° API. An extra heavy crude that is extremely viscous and requires complex processing and dilution to transport.

Brent crude oil prices surged above $90 per barrel for the first time in two years 🛢️ This comes after President Trump said there will be “no deal with Iran” and told the country to “surrender,” raising fears of escalation.

🚨 Qatar’s energy minister warns oil prices could rise to $150 within 3 weeks if tankers remain unable to pass through the Strait of Hormuz, according to @FT. Data from @MarineTraffic shows oil tanker movements through the area have dropped by 90% compared to pre war levels.

Saudi Arabia will ramp up oil exports via the Red Sea by increasing flows through its East West pipeline. Riyadh is reportedly preparing contingency plans in case of a full blockade of the Strait of Hormuz. reuters.com/business/energ…

🇺🇸 President Donald Trump suggests the U.S. Navy could escort ships through the Strait of Hormuz as vessel traffic drops sharply amid reports the strait has been closed. This @MarineTraffic playback shows visibly reduced transit density through the key shipping route.

European gas prices surge 54% in a single day, the biggest jump since the 2022 energy crisis.

Oil prices have surged to their highest level in over eight months 📈 The spike follows the shutdown of key facilities in the Gulf amid ongoing conflict. This chart by @AFP shows percentage changes in oil, natural gas, gold, and the dollar index over the past 2 weeks.