Sometimes oil gives an excellent view into equities and bond moves.
When inexplicable moves happen in oil and it gets to a untenable point .. you know..
The year is 2026, labor day
There is no opec
Only Iran - with a hand on 10mmbld oil spigot
UAE building pipeline
Iraw, Kuwait & Qatar are fkd
Emirati using AI & YouTube to learn to cook and clean
@tylermacro10 causality is opposite
narrative-thinking around shape of curve and drivers is somewhat nonsensical - but everybody is saying it so its propogated
Corps with many programmers and large dev ops - the process of discovery is by having everyone use AI
The process ramps up demand - discovery will be who is to be laid off
And the best AI users, may even find cheaper locally hosted alternatives for many applications
Memory co pricing is nuts. Just shows how big the hyperscalers are.
They are not businesses in the traditional sense.
Rather infrastructure that businesses and consumers run their lives on - worldwide. Only US companies that have mass use outside US
From tightening bunker fuel availability in Singapore and Fujairah, to ongoing Red Sea/Hormuz volatility and rising off-spec risks β the pressure is building.
Operators are already changing behavior: earlier stems, larger lifts, and more term deals.
Short-term tightness is here β especially on VLSFO and MGO
#Maritime #Bunkering #ShippingNews #FuelSupply
IMO China smoothes out oil price at a high level..
to main high level of export for EVs, ev mining & construction equipment, renewable energy
1 year of high prices will create a natural downhill for CN goods & squeeze export oriented economies like Japan & Korea