vp:
Hormuz at 70% Is The New 100%
Shipowners won't forget three months trapped on the wrong side of a war zone. The strait just became permanently smaller.
Sat, May 30 - 11:09 PM
Central Banks Are Buying 840 Tonnes This Year
Goldman's $4,900 target isn't about inflation. It's about Beijing hedging sanctions risk at 70 tonnes a month.
Sat, May 30 - 11:07 PM
Eleven Fires, Same Problem
Refinery fires are stacking up at precisely the wrong moment. Age caught up with capacity when the world couldn't afford it.
Sat, May 30 - 11:01 PM
Oslo Went First. Everyone Else Is Watching.
Norges Bank hiked into the Iran war while the Fed, ECB, and BoE held. The oil exporter raising rates tells you something about inflation nobody wants to hear.
Sat, May 30 - 10:07 PM
Trump Hasn't Signed Anything and the Market Already Moved $900 Billion
Brent cratered 17% in May on a ceasefire that doesn't exist yet. Iran calls it betrayal. The strait is still mined. Someone is very wrong.
Sat, May 30 - 9:47 PM
Abu Dhabi Walked. Nobody's Talking About the Barrels.
UAE quit OPEC three weeks ago. The cartel just added 188,000 bpd while Hormuz stays shut and Brent sits at $108. Do the math.
Sat, May 30 - 9:08 PM
Brent Plunges 17% as the Peace That Cannot Stick Gets Priced
Oil just posted its worst month since 2020 on a ceasefire that Trump hasn't signed and Iran says doesn't exist in the form being described.
Sat, May 30 - 8:23 PM
Berlin Caps Power at Five Cents. Industry Still Bleeds.
Germany approved €3.8 billion in subsidies for industrial electricity, but factories keep shrinking and prices swing €400 in a day.
Sat, May 30 - 8:03 PM
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