Ukraine To Israel: We Are Fighting The Same Axis Of Evil

Mexico's "Energy Sovereignty" Dos Bocas Oil Refinery Hit By Major Fire One of Mexico's largest refineries, with a processing capacity of 340,000 barrels per day, appears to have suffered a fire in its coke storage area, marking the second incident in less than a month. The Dos Bocas refinery, built by Pemex in the southeastern state of Tabasco, is the crown jewel of Mexico's push to reduce dependence on imported gasoline and diesel, especially from U.S. exporters in the Gulf of America. It cost about $21 billion to build and was...

UBS Finds Global Trade Structure "Surprisingly Stable" As AI Emerges As Growth Engine Despite ongoing Gulf-related energy shocks, mounting concerns over a potential energy cliff (read here), and UBS last month reactivating its supply chain stress-watch coverage, another UBS analyst noted Wednesday that the overall structure of global trade remains "surprisingly stable." Analyst Arend Kapteyn pointed out that the structure of global trade remains far more structurally stable than recent growth trends suggest, even as technology and AI-related categories have driven nearly 80% of recent trade growth while accounting for only...