China's Oil Imports Plummet To Eight-Year Low

Paris Riots Fuel The Right: Jordan Bardella Reaches Record High Approval Via Remix News, With French national elections approaching in 2027, the mass riots seen in Paris following the PSG victory in the Champions League are leading to an even sharper electoral shift towards the right-leaning National Rally’s Jordan Bardella. Verian’s June barometer, published by Le Figaro Magazine, places Jordan Bardella at the top of political figures, with 47 percent of those questioned wanting to see him occupy an important place in public life.  This rating, up six points in one month, reveals a record...

Why Hasn't Oil Hit $150 (Yet)? Authored by Robert Rapier via OilPrice.com, Global oil inventories and floating storage have acted as temporary shock absorbers against the Hormuz disruption. OPEC spare capacity has stabilized markets, but it cannot fully replace lost Persian Gulf exports indefinitely. Prolonged disruption could eventually exhaust market buffers and trigger a much sharper oil price surge. I think most energy analysts would have been shocked to learn that roughly three months into a total closure of the Strait of Hormuz, oil would be trading at just over $100 a barrel. I...

No Laughing Matter By Bas van Geffen, senior macro strategist at Rabobank In her State of the Union speech, European Commission President Von Der Leyen summarized that the European Union is stronger than ever, but that the state of the Union is also as precarious as it has ever been. Speeding up the overhaul of the Single Market is an imperative in this context. She acknowledged that the European Union is under attack, both economically and physically: “hybrid threats facing Europe are less and less hybrid and less and less threats. The...