Sunseedman | Daily Reports on Vegoils

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Russian/ukrainian war:Today is 139th 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 finally eased with profit-takings, underway 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 output, global tightness and geopolitical risks ( ru/ukr war ). Today, extra downs are likely as still around 106.00 $/barrel for brent ( sep22 delivery ).

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