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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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Jun 12, 2026 / Tyler Durden
"Flying Beer Cooler": Pentagon's Next Kamikaze Drone Ushers In Era Of Cheap Mass-Produced Airpower
"Flying Beer Cooler": Pentagon's Next Kamikaze Drone Ushers In Era Of Cheap Mass-Produced Airpower
Our focus on the rise of the "war unicorn" theme over the last four months, shaped by technological innovation seen in the war in Ukraine and the conflict in the Middle East, has allowed us, in countless notes, to inform readers very early that 2030s warfare has already arrived. In fact, hyperinnovation in Ukraine, now the world's AI weapons laboratory, is what pulled forward these extremely advanced, low-cost weaponry.
Modern battlefields are now defined by low-cost robotics,...
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Jul 14, 2026 / Tyler Durden
Lucid Calls Bankruptcy Report "Completely False" As Shares Stage V-Shaped Recovery
Lucid Calls Bankruptcy Report "Completely False" As Shares Stage V-Shaped Recovery
Summary:
Lucid Exec Calls Bankruptcy Report 'Fake News'
Lucid Reponds, Denies AlixPartners Has Recommended Bankruptcy Route
Lucid Crashes On Report It's Weighing A Take-Private Or Bankruptcy
Lucid PR Head Calls Report "Completely False"
Nick Twork, Lucid's chief communications officer, took to X in late-afternoon trading to deny Electric-Vehicles.com's report about a potential bankruptcy, stating that the "company has sufficient liquidity to carry its operations well into next year, as recently published in its last quarterly filings, and it has not formed any special board committee...
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Mar 27, 2026 / Tyler Durden
Will QatarEnergy's LNG Fiasco Derail Goldman's Prewar View Of A Mega LNG Wave
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Global energy flows are being rewired across Eurasia as the Russia-Ukraine war and the latest U.S.-Iran conflict disrupt Gulf energy flows in what may be the worst energy shock on record.
One major new development is that roughly 20% of global LNG flows remain shut in the Gulf region because of the Hormuz chokepoint, with QatarEnergy warning last week that 17% of its LNG export capacity could be offline for three to five years.
That brings us to Goldman commodities...
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