Sunseedman | Daily Reports on Vegoils

Reading time: 2 minutes

Russian/ukrainian war:Today is 133rd day and russian/ukranian tension/war is, unfortunately, still really so crucial/worrisome. Today and soon will be also so important to follow the developments ( hope and pray that this nuisance war will be over asap ) and reflections to our markets. Humanitarian food vessel etc corridor for ukraine ???

Petrol: By yday, petrol was nosedived with profit-takings, resumed chinese lockdowns, opec+ output hike plans ( already confirmed ) and higher venezuelan output as well as global/us growth/demand/inflation/interest rate hike concerns albeit no-iranian nuke deal yet/new us sanctions, embargo on russia, collapsed libyan/norvegian output, global tightness and geopolitical risks ( ru/ukr war ). Today, some ups are likely as still around 103.50 $/barrel for brent ( sep22 delivery ).

Access The Full Report Now

Read also: Sunseedman Report – 05/07/2022

Read also: Sunseedman Report – 04/07/2022

Read also: Sunseedman Report – 01/07/2022