
Geopolitics
Crude Oil Soars While Refined Fuels Struggle Bigly
Folks, crude oil is back and it's a HUGE comeback! We're talking 13.5 million barrels a day through the Strait of Hormuz—like the good old days! But refined fuels? Disaster! Only 677,000 barrels of diesel and jet fuel. Prices are soaring! Europe’s diesel? €2.24 a litre! The infrastructure is a mess, folks. We need to ramp up domestic refining—it's a game-changer, believe me!
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