We know what’s coming and we are prepared.
As 2024 inches to it's last breath...we've been witnesses to events in this year which nobody have ever imagined. Contemplating most people who followed this year's happenings it was just the pre-nups to what is to unfold especially in 2025.
What many don't realize starting from 2022 events happened in systematic manner to not raise panic and make "Wars" a generalized event...so nobody will question what is still building up!
We saw space warfare...nobody questioned it, we saw direct attacks on Nuclear Power plants...nobody questioned it, we saw use of conventional Nuclear weapons nobody questioned it, heck we even saw deep sea warfare...nobody questioned it..
2025 is no party as most already know it's a year of Conflicts & which country holds the Global position!
What most of us will be watching is - Will China trigger the Timeline with it's Invasion of Taiwan...which most of us know practically with a 75% certainity that it will very likely happen in the year 2025...the question is now only the time & place!!
Intellectual masking is the deliberate regulation of how much of your knowledge, reasoning, and analytical ability you reveal so that others form a controlled (and often incomplete) assessment of your capabilities.
Its purpose is to manage perception, reduce unnecessary attention, encourage others to reveal more information, and preserve strategic advantage until demonstrating full competence serves your objective.
🛢 We Are 'Still' Going Full Speed Into The Wall
Product storage is about to get tighter unless China steps in and lifts the product export ban. If it does, expect a meaningful reversal in crude.
WTI is barely hanging on to $70 for its dear life, but please remember that consumers use petroleum products like gasoline and diesel; they don’t use crude oil. Refineries do, and this is why it was always important for us to pay attention to crack spreads along with crude timespreads.
Note: Please divide it by 3.
The fever in the market today is that crude is oversupplied, but products are undersupplied. How can this be possible?
Well, China’s June crude import data so far is -4.7 million b/d y-o-y, and teapot refineries are operating at 50% utilization. Compared to US refineries operating at 95% and PADD 2 refineries operating over 100%, you can see where the disconnect is.
But here’s the thing. If end-user demand isn’t down and you still have a production shut-in of ~8 million...
