When Money Becomes Everything

Chinese Refining Rates Unexpectedly Plunge To All-Time Lows As Economy Falls Off A Cliff Two weeks ago, when discussing the market "mystery" of sliding physical crude oil prices, we said that the most likely culprit were Chinese refiners, whose refining margins had just collapsed to the most negative on record. The reason for the margin collapse was China’s domestic fuel policy: it has long been Beijing's policy to soften price hikes to help shield consumers and avoid social unrest; which while beneficial to end, consumers is catastrophic to refiners and processors...

Rudy Giuliani Hospitalized In Critical Condition Former New York City Mayor Rudy Giuliani has been hospitalized and is in critical condition, according to The New York Times, citing his spokesman, Ted Goodman. "Mayor Giuliani is a fighter who has faced every challenge in his life with unwavering strength, and he's fighting with that same level of strength as we speak," Goodman said, before asking "that you join us in prayer" for the former NYC mayor. Goodman did not disclose what medical emergency sent Giuliani to a Florida hospital Sunday afternoon. President...

US Africa Command said on Saturday that its forces launched an airstrike in Somalia on March 19 as the Trump administration continues its record-breaking bombing campaign in the country amid the US-Israeli war against Iran. AFRICOM said the strike targeted al-Shabaab about 50 miles northeast of the town of Jamaame in Somalia’s Lower Juba region. […]