The Forum > General Discussion > That sinking feeling
That sinking feeling
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Keep dreaming SM,
Ukraine's not going to take one inch of land back scaring the Russians with pinprick attacks.
They've been trying that unsuccessfully on women and kids in Donetsk City for 9 years.
- Also the building was empty, Crimea's full of underground tunnels and bunkers.
Also it looks just as likely they are putting the squeeze on others ahead of winter rather than suffering any kind of serious shortage themselves.
http://www.cnbc.com/2023/09/22/russias-indefinite-ban-on-fuel-exports-could-worsen-a-global-shortage.html
>>“The middle distillate market was already seeing significant strength ahead of this ban with inventories tight in the US, Europe and Asia as we head into the Northern Hemisphere winter,” Patterson said, citing factors such as OPEC+ production cuts, recovering air travel and Europe’s struggle to replace Russian middle distillates after a ban came into effect in February.
“The loss of around [1 million barrels per day] of Russian diesel in the global market will be felt and only reinforces the supportive view we have held on middle distillate cracks and as a result on refinery margins,” he added. “How much upside really depends on the duration of the ban.”<<