Geopolitics

Manager of Norway’s $2tn oil fund proposes slashing US Treasury holdings - Financial Times

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DW NOTE

Norway's sovereign wealth fund — the world's largest, built on oil exports — wants to cut its Treasury holdings while the US deficit runs 3% higher than last year and rate-hike odds approach 60%. The irony is structural: a petro-state that can't export through Hormuz wants out of the debt of a government that can't clear the mines.

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Kuwait’s crude oil exports have rebounded to about 1 million barrels per day (bpd), recovering to two-thirds of the 1.6 million bpd shipped through the Strait of Hormuz before the Iran war, according to a senior official at state-owned Kuwait Petroleum Corporation (KPC). Kuwait has managed to ramp u

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Manager of Norway’s $2tn oil fund proposes slashing US Treasury holdings - Financial Times

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Gold SWOT: Large asset managers are rebuilding their gold positions following price pullback - KITCO

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