Diesel fallacies and other geopolitical musings.
Source: Doomberg
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DW NOTE
Doomberg argues diesel demand patterns disprove recession forecasts. The blockade cut Middle East crude exports by 6% of global supply, yet diesel prices haven't spiked because refineries are running light — which they only do when freight demand collapses. The absence of a diesel crisis is the crisis.
Sri Lanka's Economic Recovery Underscores the Geopolitics of Debt - IR Insider
The Indian crude basket hit $123.29 per barrel last week, approaching levels recorded in March 2012, and adding 86% to the price Indian oil marketing companies pay, local media have reported, also noting the effect of a cheaper rupee. Since Indian companies pay for the oil they buy from abroad in U.
Can Gold Hold Its 2026 Lows as Silver Breaks Below Its Own? - FOREX.com
Concerns about management of economy trigger worst day for currency in more than 25 years