Futures Flat As 10Y Yield Jumps To 2024 High, Bitcoin Back At Record
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Source: zerohedge.com
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US stocks were flat in calmness ahead of this week's potential storm - Newsquawk Asia-Pac Market Open
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Source: zerohedge.com
Geopols & US-China in focus; DXY steady & fixed benchmarks lower - Newsquawk US Market Open
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Source: zerohedge.com
Saudi Arabia Doubles Down On Asian Demand
Despite fears surrounding the COVID-19 variant Omicron, Saudi Arabia has decided to capitalize on strong crude demand in Asia by raising its OSPs once again
Source: oilprice.com
Will Rising Middle East Oil Prices Harm Global Demand Recovery?
Source: Saudi Aramco. This being said, Saudi Aramco decided on a 20-50 cents per barrel increase with its Asia-bound May 2021 prices. Interestingly, the heavier the grade the bigger was the month-on-month hike, with both Arab Heavy and Arab Medium witnessing 50-cent upward moves, fuelling speculation that spot trading will bring about deep discounts to the OSP. After a blatantly weak February (4.56mbpd), Saudi loadings en route to Asian customers remained tame in March 2021 at 4.58mbpd. Compared to January 2021 (5.36mbpd), Saudi exports to Asia have fallen by more than 10% over the course of ...
Source: oilprice.com