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Another Major Russian Refinery Up In Flames As Diesel Nears Historic Highs
Another Major Russian Refinery Up In Flames As Diesel Nears Historic Highs
On Wednesday Ukrainian forces struck a Wildberries facility deep inside of Russian territory for the second time this summer.
The warehouse in the central Tambov region city of Kotovsk was first targeted in July, but this time the large complex has been "completely" destroyed in the resulting fire, Governor Yevgeny Pervyshov confirmed.
Wildberries plant burns. @exilenova_plus/Telegram
The city's mayor, Alexey Plakhotnikov, wrote on social media that "A massive fire at the Wildberries warehouse complex, smoke and smog are quickly spreading throughout the city."
He...
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Aug 11, 2026 / Tyler Durden
Strategic Autonomy Is Running Dry
Strategic Autonomy Is Running Dry
By Bas van Geffen, senior macro strategist at Rabobank
Yesterday, my road cycling took me along the Lek River, which branches off from the Rhine. I frequently ride the path along this river, but the Lek was almost unrecognisable in the distance and what is normally part of the riverbed has now run dry.
It’s a very tangible reminder of numbers we’ve recently been watching on our screens: Upstream, at Kaub, the water level in the Rhine has fallen to historical lows. And a new heatwave that...
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Apr 30, 2026 / Kyle Anzalone
Iranian Supreme Leader: The Future of the Persian Gulf Will Be Without the US
In a rare statement, Iranian Supreme Leader Ayatollah Mojtaba Khamenei said that the future of the Middle East will be “bright” without the US. “A new chapter for the Persian Gulf and the Strait of Hormuz is unfolding,” Khamenei wrote in a multi-post statement on his X account. “The brilliant future of the Persian Gulf […]
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Aug 21, 2026 / Tyler Durden
HSBC Warns Global Zinc Market Is Flashing Signs Of Tightness
HSBC Warns Global Zinc Market Is Flashing Signs Of Tightness
HSBC's Global Commodity Team warned Thursday that the zinc market is flashing warning signs of extreme tightness:
Global zinc mine supply remains tight: HSBC's Global Commodity Team expects global mine supply to fall 2.1% y-o-y to 12.5mt in 2026, driven mainly by lower production in Latin America.
The zinc market is expected to be slightly tight in 2026e, driven by a modest recovery in demand in Europe and North America amid supply disruptions at smelters and mines.
Overall, concentrate supply remains tight,...
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