Oil, gas and mining
March, 2026
Oil Jumps Past $100 as 400M‑Barrel IEA Release Fails Amid Hormuz Disruption
South African weather shatters previous March heat records. Forecasts showed Paarl and Clanwilliam peaking at 44°C, while Stellenbosch was set to hit 43°C and Atlantis around 42°C.
I did the math on the IEA’s 400 million barrel release vs. what is actually stuck behind Hormuz. It does not add up.
India records first heatwave of 2026 as spring fades. Maximum temperatures were in the range of 38–42°C. Meteorologists are alarmed of the disappearing spring. “The transition from winter to summer is very quick”