Russia’s oil export prices become opaque ($FT)
Russia’s oil exports find new middlemen ($FT)
U.S. refiners to prioritise future distillate growth
U.S. commercial real estate problem loans ($WSJ)
Central banks’ bond purchases and bank failures
La Niña fades but timing of El Niño still uncertain
Lithium prices slump ($BBG)
U.S./China economic coercion
U.S. BUSINESS INVENTORIES remained elevated in January as manufacturers and distributors struggled to work down excess stocks despite an acceleration in retail sales. Reducing unplanned inventories is likely to take at least another six months, even if the economy avoids a recession, which will keep freight volumes under pressure until the third quarter of 2023:
JKempEnergy.com 