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Gulf Oil Is Available Again, But Asian Refiners Balk At Soaring Tanker Rates
Gulf Oil Is Available Again, But Asian Refiners Balk At Soaring Tanker Rates
Iran and the US have a peace deal? check (for 60 days, allegedly).
Strait of Hormuz open? check (for 60 days, allegedly).
Ships transiting freely? check (not really)
Massive build up of Gulf oil desperate to reach Asian refiners? check.
All great news, which means that oil should now flow freely and in huge amounts, right?
Wrong: two of Asia's largest refiners, PetroChina and Indian Oil, failed to secure very large crude carriers to lift Iraqi Basrah crude in late June, Reuters reported, while...
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China Tries To Assert Dominance Over Canada After Carney Trade Deal
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Historically speaking, crawling to communists for help has never been a good idea; there's always a catch. By extension, making trade deals with China and the CCP from a position of weakness usually ends with diplomatic concessions instead of mere economic concessions. That is to say, the Chinese are less interested in economic benefits, and more interested in political submission.
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