Division. At 114 per pound. Not much really you can say. Euro sox reversing. Euro stocks reversing stop euro stocks reversing. Won, ok as far as these are concerned. Korea, crash landing on you. It is amazing how the 10 year right now. Years. Level in 18 7 . T crude down 23 . About rakinglking below 60. Mark, help us put sense into what is happening. Things we were talking about is the process of exposure. N reducing the have been looking at some hard numbers and just in the last three days, bonds and equities are out. Open interest has fallen to the equivalent of 150 billion in the futures market only gives you a snapshot. Withve derivative market 150 billion multiplied several times. That gives you an idea of how much had been going on just in the last few days. That is partly why we are seeing this incredible movement. These movements will add to that picture as well so you can see the move towards cash is really ever. As a Silver Lining here . When i look at crazy price action, alm
Vandana Hari explains the risk premiums and speculative factors driving oil prices up, emphasizing $70-75 as a comfortable range for India. It is far more comfortable for India than $80 or more. She cautions against the negative impact of a weak rupee and high oil prices on the Indian economy s growth.
Dr. Fereidun Fesharaki highlights the shifting dynamics in the global refining and energy markets, emphasizing the growth potential in Asia, particularly India, and the geopolitical factors influencing the oil market s stability. He says: "Up to a million barrels per day of Russian refineries are out of commission and this means that Russian exports of refined products have fallen quite dramatically and that has helped the margins. But the key issue is that nobody is building new refineries in the world today. "
Dr Fereidun Fesharaki forecasts continued gasoline sector growth for a decade, with EV impact in 2030s. Oil complex peaks in mid-2030s, then stabilizes. Global demand remains steady by 2045 despite evolving factors like technology and geopolitics. Dr Fesharaki says: "We are looking at $90 to $95 a barrel by the end of this year. And next year, maybe a little bit lower, $75, $85. "
The Chinese yuan may get a boost in BRICS+ trade, but it’s unlikely that the world’s top oil exporter, Saudi Arabia, would be willing to ditch the dollar anytime soon