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Between april and june, the company made a Profit Ofjust over 30 billion, a lot of money by anyones metric, but significantly down from more than the 48 billion it made in the same period a year ago. The main reason is, as you can see here, that oil prices during the period were at the lowest point in the last year, as the boost they got from russias invasion of ukraine wore off. And last week, in an effort to keep them that way, saudi arabia said it would only produce nine Million Barrels a day...

The old supply and demand. what happened was that during the pandemic, we had all that time when people were sat at home and they were ordering goods from e—commerce giants like amazon and walmart and others but then once the economy started to reopen, people started going out more and they switch their spending away from goods and services. so they were buying less physical products, that meant ultimately there was less demand for shipping items and so right now, you have more shipping capaci...