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China "Aggressively" Selling Oil In Recent Weeks
China "Aggressively" Selling Oil In Recent Weeks
We knew there was a reason why China had accumulated a cool 1.5 billion barrels in its strategic petroleum reserve: the reason, to become the world's strategist petroleum reserve when the time arises... for a price of course.
According to the chief executive officer of commodity trader Mercuria, Chinese oil companies have been aggressive sellers in recent weeks, selling barrels to several nations in tenders.
“What has been happening in the last two or three weeks is actually they have been aggressively selling crude oil,” Mercuria...
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Mar 24, 2026 / Dave DeCamp
US Sends Iran 15-Point Proposal To End War, But No Sign Tehran Is Interested in Talks
The US has reportedly sent a 15-point proposal to Iran to end the war that the US and Israel launched on February 28, but there’s still no sign Tehran is interested in negotiations at the moment, despite President Trump’s claims that they’ve been happening. According to a report by Middle East Eye, the 15-points include a […]
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US Jobs Jump 115K, Smashing Estimates; Umemployment Rate Unchanged At 4.3%
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In his preview of today's NFP report, Goldman's Delta One head wrote that "NFP almost feels like a sideshow at this point. You can argue weak labor data gives a Warsh led Fed enough cover to cut, but with oil and input inflation still elevated there’s also an argument that a weakening labor market alongside a constrained Fed is actually the more difficult combination for risk assets." With that in mind, moments ago the BLS reported that in April the...
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Apr 22, 2026 / Dave DeCamp
Iran’s IRGC Seizes Two Ships in the Strait of Hormuz
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