We know what’s coming and we are prepared.
//The Wire//1830Z March 5, 2024//
//ROUTINE//
//BLUF: GLOBAL SERVICE AND PLATFORM OUTAGES REPORTED THIS MORNING.com//
-HomeFront-
USA: Yesterday the FAA released an update regarding the six-week audit of Boeing’s manufacturing processes. So far, the audit has revealed “non-compliance issues in Boeing’s manufacturing process control, parts handling and storage, and product control”.
This morning, several cascading outages resulted in many internet services being offline. The outage, while lasting only about an hour, affected an extremely wide range of platforms and services. Facebook was the first ecosystem affected by the outage, along with their subsidiaries Instagram and Whatsapp. However, problems were reported among many other platforms and services almost immediately. So far, Google, Youtube, TikTok, Twitter/X, Snapchat, Zoom, Discord, Gmail, Cloudflare, and AWS all reported issues or total outages. Some telecom providers (such as T-Mobile, Verizon, Spectrum, FirstNet) also reported issues all at roughly the same time. No word yet on the cause of the outage.
MI: Substantial explosions have occurred at an industrial facility in the vicinity of 15 Mile Road and Groesbeck Highway in Fraser (Detroit) overnight. Several fatalities have been reported, including a 19-year-old located a quarter mile from the blast site, who was struck and killed by falling debris. The cause of the fire and explosions is not yet known.
AC: Due to the extremely kinetic nature of the explosions, much speculation abounds regarding the seat of the initial blast incident. As the area is heavily industrialized, the fire and explosions impacted a wide area, owing to conflicting reports as to which business was the origin of the initial incident.
-----END TEARLINE-----
Analyst Comments: Multiple outages or service interruptions of completely different systems, from ISPs to social media, being reported all at the same time on Super Tuesday is indicative of nefarious intent just based on timing alone. While no cause has officially been disclosed, operating under the assumption of nefarious intent would be a wise decision.
Analyst: S2A1
//END REPORT//
🇺🇸 #Oklahoma high school principal (Kirk Moore) seen charging at and disarming a school shooter.
The suspect, identified as 20-year-old Victor Hawkins, was a former student who said he wanted to shoot up the school “like the Columbine shooters did.” While taking down the shooter, Moore was shot in the leg. He is expected to recover.
When the Principal woke up that day, he never thought he would be tackling a gunman.
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🇨🇳🛢 How much strategic oil does the world actually have in reserve?
Global strategic crude oil inventories stood at ~2.5 BILLION barrels as of December 2025, according to the US Energy Information Administration.
China holds by far the largest stockpile at 1,397 million barrels, more than 3 times the US Strategic Petroleum Reserve of 413 million barrels, which itself sits at only 58% of its full storage capacity of 714 million barrels.
China added an average of 1.1 million barrels per day to its strategic inventories throughout 2025, with preliminary data suggesting it continued building stockpiles in early 2026 ahead of the Iran War.
Japan holds the 3rd-largest reserve at 263 million barrels, followed by OECD European countries at 179 million barrels.
Meanwhile, the US is releasing 172 million barrels from its Strategic Petroleum Reserve to suppress oil prices, part of a broader 400 million barrel coordinated release agreed by 32 IEA member nations in March.
🔗 ...
🛢 JP Morgan Warns Oil Market Out of Balance, Prices Must Rise
🔸The closure of the Strait of Hormuz, through which roughly 20% of the world’s oil flows, has removed 13.7 million barrels per day from global supply in April alone. A JP Morgan research note warns the market has no good way to replace it.
🔸Normally, spare production capacity in Saudi Arabia and the UAE acts as the market’s shock absorber. But that buffer has effectively been removed, eliminating the system’s first line of defense.
🔸With spare capacity unavailable, markets turned to inventories
➤ Global stockpiles are now being drained at ~7.1 mbd in April, an extraordinary pace, according to the note.
🔸Meanwhile, demand is collapsing because supply simply isn’t reaching users — “forced demand destruction.”The hardest hit sectors include:
▪️ Petrochemical plants across Asia are shutting down or slashing output as LPG, ethane, and naphtha flows from the Gulf collapse
▪️ Airline jet fuel ...
🛢⛽️ Global oil inventories are heading toward RECORD LOWS:
Global visible oil inventories have fallen -255 million barrels since the start of the conflict on February 27, to 7,864 million barrels.
Total estimated oil draws, including non-OECD refined products storage, have accelerated to 10.9 million barrels per day in April, the largest monthly draws on record since 2017.
Cumulative estimated draws since the start of the war now stand at 474 million barrels, with Hormuz flows holding at ~10% of normal, or 2.0 million barrels per day.
Meanwhile, even in an optimistic scenario where Strait of Hormuz flows begin recovering by late April, it is unlikely to prevent global visible inventories from reaching all-time lows, according to Goldman Sachs.
As inventories keep falling, physical oil markets are likely to require sharply higher prices for immediate delivery, since buyers cannot wait months for cheaper futures delivery when stocks are running critically low.
Goldman also warns...
