🚨Asian refiners are paying insane premiums for Atlantic oil just to keep the lights on. 🚨
Bro... China is grabbing West African crude while Thailand buys from the North Sea for the first time in years.
Refineries are cutting output by 30% and fuel exports are being flat-out banned to stop domestic collapse.
This is where most traders get trapped.
Even with the US sanctions waiver on Russian oil, the supply chain is fundamentally broken. 🛢️
Nations are hording every drop while we wait for the Fed decision later today.
The energy squeeze is moving from the pumps to the global manufacturing floor.
If the refiners can't find cheap oil, what does that do to the "risk-on" liquidity we need for a pump? 📉🤔