Article
Europe's Looming Jet Fuel Crisis: Hormuz, Policy Failure, And A Self-Inflicted Supply Shock
Europe's Looming Jet Fuel Crisis: Hormuz, Policy Failure, And A Self-Inflicted Supply Shock
Submitted by Thomas Kolbe
Politics has established a new routine. Right at 12 noon, prices at German gas stations now rise day after day.
The government’s pricing decree, a hastily assembled mechanism, acts like an accelerant in an already dramatically strained fuel supply situation. Anyone with rudimentary economic understanding already knew that this form of price regulation would amount to political posturing with fatal consequences.
The market is reacting as expected. Gas station operators anticipate general price increases and indirectly...
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"Diesel Is At Epicenter Of Supply Squeeze,": Goldman
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Goldman analysts are out with an eye-opening note showing that global refinery runs have plunged to their lowest seasonal level since the Covid era as conflict-related outages hammer Russia and the Gulf while Chinese processing remains subdued.
Analysts, including Yulia Zhestkova Grigsby and Daan Struyven, introduced a new global refinery-runs nowcast, estimating that global runs declined by 6.5 million barrels per day from a year earlier in late July.
Non-OECD throughput dropped by 7 million barrels per day, led by the Middle East,...
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