Sunseedman | Daily Reports on Vegoils
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Russian/ukrainian war: Today is 148th 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 slightly lower with profit-takings, resumed libyan/venezuelan output, underway chinese lockdowns and opec+ output hike plans ( already confirmed ) as well as global/us growth/demand/inflation/recession/interest rate hike concerns albeit lower weekly us crude stockpiles, no-iranian nuke deal yet/new us sanctions, embargo on russia, global tightness and geopolitical risks ( ru/ukr war ). Today, some extra losses are likely as still around 106 $/barrel for brent ( sep22 delivery ).
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