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Eurasia Energy War?
Eurasia Energy War?
As analysts and traders continue to assess the Gulf energy shock and its implications for the global economy, another alarming development has emerged across the energy sector: Ukrainian kamikaze drone strikes have reportedly disrupted a significant portion of Russia's oil export capacity, according to Reuters.
Reuters calculates that recent Ukrainian drone strikes on Russia's oil and fuel export infrastructure, including attacks on all three of Russia's major western oil export ports, Novorossiysk on the Black Sea and Primorsk and Ust-Luga on the Baltic Sea, have eliminated 40%...
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Mar 30, 2026 / Tyler Durden
Global Demand Destruction: Subsidies, Empty Gas Stations, Rationing, Flight Cancelations, Export Limits, Price Controls
Global Demand Destruction: Subsidies, Empty Gas Stations, Rationing, Flight Cancelations, Export Limits, Price Controls
In the past two weeks we have discussed demand destruction as a result of soaring oil prices (here and here), and we are increasingly seeing anecdotal evidence of just that (here is a table from Goldman we showed previously, laying out where demand destruction is most acute).
We start, as always, with Asia which has emerged as ground zero of the global energy crisis - as a reminder last week we first presented a map by JPMorgan's...
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Mar 30, 2026 / Dave DeCamp
US Launches 48th Airstrike in Somalia of the Year
US Africa Command said on Monday that its forces launched an airstrike in Somalia on March 27 as the Trump administration continues the bombing campaign in the east African country amid the US-Israeli war against Iran. AFRICOM said the strike targeted al-Shabaab and was launched about 80 miles northwest of the southern city of Kismayo. […]
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Apr 1, 2026 / Tyler Durden
NASA Starts Pumping Fuel Into Artemis II Moon Rocket Ahead Of Launch
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