Article
China's Teapot Refiners Poised to Ramp Up Iranian Oil Buying
China's Teapot Refiners Poised to Ramp Up Iranian Oil Buying
By Tsvetana Paraskova of OilPrice.com
China’s independent refiners are likely to return to buying higher volumes of Iran’s crude oil this month as stockpiles in Shandong, home to the independent Chinese refiners, have dropped to the lowest level this year after the biggest estimated monthly draw in a decade.
For most of the Middle East conflict, now in its sixth month, China’s independent refiners, the so-called teapots, have drawn on their reserves and limited purchases and imports amid spiking international crude oil...
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Feb 20, 2026 / Tyler Durden
Inflation Fears Plummet As UMich's Democratic Bias Is Exposed
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After rebounding strongly in preliminary February data (as Democrats came to their senses over the fearmongered Trump tariff-flation), the final UMich sentiment survey print slipped lower with the headline lowered from 57.3 to 56.6. Both Current Conditions and Expectations were lower than the flash print with the latter falling to 2 month lows and the former holding at 4-month highs...
Does anyone else think its weird that all the numbers were exactly the same at 56.6
Source: Bloomberg
Democrats and Republicans led the decrease...
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What Do "Capitalism" And "Socialism" Really Mean?
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Authored by Vincent Cook via Mises Institute,
The old debate between socialism and capitalism is back. It wasn't that long ago when socialist economics had been repudiated even by former Soviet insiders, businesses like Wendy's and Miller ran clever television advertisements poking fun at the once-mighty but by then grossly dysfunctional Soviet Union, and the remaining leftist political parties in Western countries pivoted to focusing on promoting welfare statism while admitting that government controls over the means of production is a losing proposition. Back...
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Minnesota Just Sent A Somali Daycare Owner To The Statehouse - Wait Till You See The Money
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Minnesota voters on Tuesday elected a Somali daycare owner whose center has collected $7.29 million from the state childcare subsidy program at the heart of last winter's viral fraud scandal.
Abdi Daisane was elected to represent the St. Cloud area in the Minnesota House. (Abdi Daisane for State Representative) / (Peter D'Abrosca/Fox News Digital)
Democratic-Farmer-Labor (DFL) candidate Abdi Daisane, a Somali American who came to the US more than 15 years ago, won House District...
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