Phillips 66 PSX

Current U.S. commercial crude inventory is approximately 418.2 million barrels, and the Strategic Petroleum Reserve (SPR) holds roughly 340.2 million barrels. Assuming the Strait of Hormuz is fully open and refineries in the Los Angeles port area (PADD 5) run near full capacity, here is the 7-week inventory projection.

7-Week Inventory & Demand Projection

Over the past several weeks, the U.S. has averaged total petroleum product supplied (demand) of roughly 20.6 million barrels per day, equating to about 144.2 million barrels per week.

Starting Inventory: 418.2 million barrels

Weekly Consumption: -144.2 million barrels

Projected 7-Week Demand: 1,009.4 million barrels

Additional Oil Needed (Over 7 Weeks): 591.2 million barrels (Total 7-Week Demand minus 418.2M)

Tanker Logistics & Refinery Throughput

Tanker Transit: A 12,000 nautical mile journey from Saudi Arabia around Africa's Cape of Good Hope at 12 to 15 knots takes about 35 to 45 days (5 to 6.5 weeks).

Port Unloading: A fully loaded Very Large Crude Carrier (VLCC) carrying 2 million barrels takes 24 to 36 hours to safely discharge at the Port of Los Angeles or Long Beach, depending on pumping rates.

Refinery Capacity: The Los Angeles port area and broader West Coast (PADD 5) boast a crude oil distillation throughput capacity of roughly 2.2 to 2.5 million barrels per day.

7-Week Outcome & Strategic Need
At the end of week 7, commercial inventories will be fully drained and require massive drawdowns from the SPR (which currently holds 340.2 million barrels).

State of National Supply: By the end of the 7-week mark, commercial supply would be critically, dangerously low. While the U.S. wouldn't instantly "run dry" of all emergency petroleum, relying completely on the SPR indicates a severe national emergency.

The First Tanker Arrival: If a tanker leaves Saudi Arabia at the beginning of Week 1, it will arrive to unload in Los Angeles at the end of Week 5 to Week 6, meaning there will be a significant operational gap where commercial supplies will need to be bridged by SPR drawdowns and existing domestic production.

Projected Gas & Oil Prices
Because commercial inventories sit 6% below their 5-year average, and the 7-week trajectory requires aggressive use of strategic emergency stocks, the market will register a severe supply-demand deficit. Barring other global market interventions, this desperate running down of stocks will push crude oil and gasoline prices sharply upward as market panic and physical supply constraints drive premiums higher.

A fully loaded Very Large Crude Carrier (VLCC) departing Saudi Arabia (e.g., Ras Tanura) on June 18, 2026, will take roughly 35 to 50 days to reach either port, depending on the route chosen and current geopolitical chokepoints.

Because massive supertankers are too deep and heavy to navigate the Suez Canal fully loaded, they must choose between two primary paths:

To Los Angeles, California

Distance: ~ 10,000 to 10,500 nautical miles.

Route & Time: The fastest path traverses the Indian Ocean and Strait of Malacca, bypassing the geopolitical tensions in the Middle East. Traveling at an average cruising speed of 13 to 15 knots, it will take roughly 35 to 42 days of continuous sailing.

To Louisiana (US Gulf Coast)

Distance: ~ 11,500 to 12,500 nautical miles.

Route & Time: To reach the US Gulf Coast, tankers cannot go through the Suez Canal fully loaded, nor can they use the Panama Canal due to draft restrictions and size limits. Therefore, they must sail around the southern tip of Africa (the Cape of Good Hope). This massive detour typically takes 45 to 50 days of transit time.

The U.S. currently has a combined total of roughly 758.5 million barrels of crude oil in storage. This consists of 418.2 million barrels in commercial inventories and 340.3 million barrels in the Strategic Petroleum Reserve (SPR).Current Inventory & 6-Week ProjectionCalculated using a 10-week average commercial depletion rate of ~8.6 million barrels per week.Week 0 (Current):

(418,200,000) barrelsWeek 1: (409,600,000) barrelsWeek 2: (401,000,000) barrelsWeek 3: (392,400,000) barrelsWeek 4: (383,800,000) barrelsWeek 5: (375,200,000) barrelsWeek 6: (366,600,000)

barrelsSupply Calculation for the Next 6 WeeksThe U.S. currently produces roughly 13.8 million barrels per day (approximately (96.6) million barrels a week). However, at current refinery input rates of 17.2 million barrels per day, demand is heavily outpacing domestic production.6-Week Baseline Demand: (722,400,000) barrels6-Week Domestic Production: (579,600,000) barrelsNet

Additional Oil Needed: (142,800,000) barrelsNational Supply Outlook & Desperate NeedAfter 6 weeks, the U.S. will have approximately 366.6 million barrels remaining in commercial reserves.

While this sounds like a large number, the national supply is in a desperate state because a significant portion is fundamentally unusable. Energy analysts estimate that roughly 290 million barrels of those commercial stocks simply cannot be pumped out, as they are trapped at the bottom of tanks or required to keep pipes lubricated and pressurized. Once commercial stocks fall into the 200 million barrel range, the supply chain struggles to extract and distribute crude efficiently, and the quality of the oil degrades. With global geopolitical conflicts continuing to force heavy reliance on U.S. reserves, domestic stockpiles are at their lowest levels in over four decades

The current price of oil is $89.055 as of 27.05.2026.
Oil reached its all-time high of $147.27 on 11.07.2008. Oil's all-time low of $-40.32 was recorded on 20.04.2020.
Oil represents one of the most liquid assets in global markets, traded in US dollars.
The leading oil exporters are Saudi Arabia, Russia, and the US, which provide a significant share of global supply.
Oil reserves in strategic storage facilities of OECD countries remain an essential factor affecting crude oil price performance.
At the end of February 2026, the United States, together with Israel, launched a military operation against Iran. This led to instability in the energy market, with WTI rising to $113.13. According to various estimates, prices are expected to fluctuate between $92.11 and $146.20. Some analysts expect the asset to trade within the $100–$125 range, with potential growth toward the end of the year.
Forecasts for 2027 vary significantly. Under conservative scenarios, oil is expected to trade within the $99.99–$130.89 range. However, a rise toward $203.75–$369.10 cannot be ruled out.
Projections for 2028–2030 are also mixed. Prices are expected to fluctuate within the $95–$161 range, although some analysts forecast significant growth to $528–$585 by the end of 2030.
Long-term forecasts for 2040–2050 remain highly uncertain. According to some estimates, prices could rise to $522.25–$795.55 by 2040 and to $1,375.54–$1,909.52 by 2050.

The world is running out of oil. Implausible three months ago, the likelihood of a crude shortage on a global scale is becoming increasingly realistic with each day that the Strait of Hormuz remains almost completely blocked. Analysts are no longer modeling for a swift end to the war between the United States, Israel, and Iran. They are now also allowing for an extended period of severe energy flow disruptions—and it is not looking good.

He said: “What is certain is that the hands of time will not turn backwards and the nations and lands of the region will no longer serve as shields for American bases. The United States not only will no longer have a safe haven for its mischief and for establishing military bases in the region but, day by day, it is growing more distant from its former status.”

He added: “The shaken Zionist regime and the cancerous tumour of Israel are approaching the final stages of their wretched existence.” His remarks put into perspective Trump’s much-derided claim that Arab states, as well as Turkey and Iran, should normalise relations with Israel.

Iran's foreign ministry called the strikes a ceasefire violation and warned that Washington would bear responsibility for “all consequences,” without elaborating.

it looks like when you check the earnings for the first quarter for P66 It looks like a loss of -$.19.

I think the markets trying to price that in by the end of this week

The book value of P 66 is only $72.02. The book value has increased. I will say that from $67.
But still, is it worth it obviously, they have poor money management skills.

These clowns, when all in like it's a gambling parlor shorting their hedge. Think.

Something is very wrong when Goldman Sachs upgrades P 66, $192 that is some crazy shit.!

They just lost 900 million in the market to market equity on 50 million barrels Short.

They had to take out a loan to pay the margin call and the loan was $2.2 billion not good in my book. Sorry, look for another sucker.