Market News / Story
Oil and fuel supply buffers thinning as Middle East war drags on, Chevron CEO says
Seeking Alpha ·
Seeking Alpha reports: The energy system is more fragile than earlier in the Middle East war as the underlying fundamentals of the oil and gas market become tighter, Chevron CEO Mike Wirth said Tuesday, as reported by Reuters. The landed price of physical oil in Asia is currently closer to $150/bbl than current Brent prices of ~$100/bbl, Wirth said at the Energy Intelligence Forum in London. As well as strong physical crude prices, the world is facing increasing tightness of refined…
Related stories
Trump: Concluded a highly successful discussion with Putin, it was agreed that Russia will immediately supply over 300,000 tons of diesel fuelRead story summary
I have just concluded a highly successful discussion with President Vladimir Putin, of Russia, wherein it was agreed that Russia will immediately supply over 300,000 Tons of Diesel Fuel to the American and Global Marketplace, another 500,000 Tons during the month of November, and 1,000,000 Tons immediately thereafter. Additionally, based on the condition of their Diesel Refineries, Russia will then deliver, within a short period of time, 3,000,000 Tons of Diesel Fuel. Between our TOTAL CONTROL of the Strait of Hormuz, and this great announcement on Russian Energy, Diesel Prices for Americans and, indeed, the World, will be COMING DOWN, IN RECORD NUMBERS, AND FAST! Lower prices for Americans, especially our Great Farmers, Ranchers, and Truckers, is my Greatest Priority. This is a very big and important announcement. Additionally, it must be understood, that Iran will not have a Nuclear Weapon! Thank you for your attention to this matter.� President DONALD J. TRUMP Nodewire Alert Trump: Russia To Deliver 3 Mln Metric Tons Diesel Soon. *trump Says Putin Agreed To Release Diesel Into Global Market
VIEW SOURCE
Fed's Musalem: Inflation is elevated and being driven by persistent demand pressures and supply shocksRead story summary
Fed's Musalem: Inflation is elevated and being driven by persistent demand pressures and supply shocks. Fed's Musalem: Rates ought to be going up in the next 6 to 9 months Fed's Musalem: The economy is pretty strong right now, best thing Fed can do is lower inflation Musalem says market inflation expectations remain anchored, sees no threat to Fed credibility
VIEW SOURCE