This checks out completely. Just looking at the optical satellite prints from 10 hours ago today, loadings are still pacing nowhere near normal levels.
The bottleneck is probably structuralโthey just don't have the tanker count in place to back up a sustainable production comeback. That said, we've got VLCCs steaming hard from Malacca as we speak, so let's watch the tape and see how fast they can actually ramp up.
Btw Iraq is currently bled dry of cash and starving, so they have to keep pumping out headlines.
A solid contact of mine confirmed Baghdad was so flat broke they couldn't even cover June public payroll, so they got caught printing 25 trillion dinars just to fund salaries.
The new PM is out here frantically trying to clean up corruption and break up the militias, so he's forced to spam the wires with aggressive rhetoric just to look busy. No need to read too much into it.
#oott #iran
Braskem saga summary:
- Braskem asks for no haircuts or debt to equity
- Unsecured creditors say "we need to be compensated for concessions"
- Braskem says "see you in court"
Congrats to those who followed me and the two others on here who were short oil with me who know how this shit works.
To everyone else who bet against the US treasury and lost, playing poker against someone with an infinte chipstack is hard.
@MenchOsint Dude, fuck them and I say this with all my heart but enough with the โhow long can they do that โ or โshortages hill hit in x monthsโ they simply won with the shit talk and Bessent selling pressure ? Thereโs no karma coming to bite them back. GGs to the lier in chief