Surging Gasoline Prices Add Inflation Risk in USA Election Year
U.S. gasoline futures have jumped sharply in recent weeks.
Source: rigzone.com
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Global Fuel Prices Are Surging With Supply Risks Ahead
(Bloomberg) -- Disruptions on the world’s major trade routes, refinery closures and resurgent demand are pushing up global fuel prices and making forecasts difficult in the run-up to a US presidential election in which inflation will be a key issue.Most Read from BloombergStock Traders Bracing for Worst Shrug Off Hot CPI: Markets WrapOne of the Most Infamous Trades on Wall Street Is Roaring BackUS Core Inflation Tops Forecasts Again, Reinforcing Fed CautionChina Has Never Canceled This Many Ship
Source: yahoo.com
WTI Turns Green After API Reports Across-The-Board Inventory Draws
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Source: zerohedge.com
India's Refining Margins Slump as It Struggles to Secure Russian Oil
India’s refining margins have dropped in recent months due to difficulty in securing Russian crude and soaring freight rates.
Source: oilprice.com
Russia's disrupted oil trade crimps margins for Indian refiners
India's state-run refiners are facing challenges as Russian oil becomes more expensive and less accessible due to higher freight rates and US sanctions. The attacks in the Red Sea by Houthi rebels have disrupted fuel trade, impacting Indian refiners and potentially eroding their competitive edge.
Source: indiatimes.com