Malaysia & Indonesia hot spot map. Now is single digit (3-4). When it raise to 15, news portal will said "bcos of El-nino, hot spot in XXX raise by 3 to 4 fold".
Malaysia & Indonesia hot spot map. Now is single digit (3-4). When it raise to 15, news portal will said "bcos of El-nino, hot spot in XXX raise by 3 to 4 fold".
🟥Oil permabulls need to read this:
💥China’s weekly crude oil imports fell last week to the lowest level in 11 years.
💥On a monthly basis, June crude imports are on track to be the lowest in 10 years. (Kpler data)
💥Every barrel of this decline vs pre-crisis levels is a real drop in global oil demand.
Reuters quoted a US diplomat involved as saying the “the Iranians never left" the talks in Switzerland and negotiated until late in the night.
"We’ve talked about the Strait, Lebanon, nuclear issues, and details of implementing the MOU," the diplomat told Reuters.
📰NEWS: Iran just got caught LYING about closing the Strait of Hormuz again! CENTCOM confirms heavy traffic, 55 ships and 17 million barrels of oil flowing freely. U.S. forces staying vigilant.
The central bank has now hiked its policy rates by a total of 100 basis points in three moves over the past four weeks.
Indonesia central bank raises policy rates again to support rupiah https://t.co/fWixzlhnJW
Hormuz traffic shows recovery
Verified Strait of Hormuz crossings reached 25 on 18 June, marking a notable increase in daily maritime activity. Traffic was evenly distributed across both directions, with most vessels following established Iranian route patterns. Five sanctioned vessels were recorded among the crossings, while no additional physical attacks have been confirmed since 10 May. The latest figures coincide with discussions surrounding the implementation phase of the US-Iran 60 day memorandum framework, which aims to preserve the ceasefire, support navigation through the Strait and facilitate broader negotiations. While this d/d uptick points to improving operating conditions, unresolved implementation details and continued dark crossings indicate a continued elevated degree of caution with ship operators.
Stay ahead of the market with #Kpler Insight: https://t.co/x1J6Zb3ubY
Dont trust too much what the physical broker said. Their job is to push their cargo. Their tactic is same like insurance broker. Instill fear and buy yesterday and today is already last chance to buy. Look at the cash market and compare wt actual transacted will clear u doubt.
@666CPO For funding, they will always said enough until the next levy increase. Last resort if cant sustain, set new quota on pso category. Push the whole cost to the consumers.
Gasoil to CPO discount is now -230. B50 for indon will be addtional 3 mil mt. It is addtional roughly USD 1 bill addtional subsidy. Of course they don't need to import diesel but they will need to import more gasoline.
Gasoil to CPO is at discount USD-150. Means diesel is cheaper to CPO by USD150/mt. To biodiesel easily ~USD230. Those analyst who said high diesel price will incentivise biodiesel blending, pls show me your maths. Indon will have hard time with weak IDR and keep subsidizing B50.
Gasoil to CPO is at discount USD-150. Means diesel is cheaper to CPO by USD150/mt. To biodiesel easily ~USD230. Those analyst who said high diesel price will incentivise biodiesel blending, pls show me your maths. Indon will have hard time with weak IDR and keep subsidizing B50.
The drop in nitrogen fertilizer prices has now extended into Asia. India has received offers for its latest urea tender at an average price of $530 per tonne, down ~44% from $947 per tonne in April.
The EIA's latest STEO projects global oil demand will decline by an average 1.1 million barrels per day in 2026 before recovering by 2.5 million barrels per day next year. OPEC, who has so far refrained from making any major demand downgrades, will publish their update on Thursday, followed by IEA's updated market assessment on 17 June.