THE BARREL CAME BACK. THE FUEL DIDNâT. đąïž
Thereâs an old lesson in markets: what matters is not what exists, but what can actually reach you.
Crude flows may be recovering, yet the fuel story remains tighter. Gasoline, diesel and jet fuel exports are still far below their earlier levels.
And that creates a strange picture.
The wells can produce.
The tankers can sail.
But if refineries cannot turn those barrels into usable fuel, the pressure simply moves further down the chain.
That is why oil can remain expensive even when crude starts flowing again.
The river is moving. The narrow bridge is still holding everything back. đ
#oil #energy #IranIsraelConflict
Thereâs an old lesson in markets: what matters is not what exists, but what can actually reach you.
Crude flows may be recovering, yet the fuel story remains tighter. Gasoline, diesel and jet fuel exports are still far below their earlier levels.
And that creates a strange picture.
The wells can produce.
The tankers can sail.
But if refineries cannot turn those barrels into usable fuel, the pressure simply moves further down the chain.
That is why oil can remain expensive even when crude starts flowing again.
The river is moving. The narrow bridge is still holding everything back. đ
#oil #energy #IranIsraelConflict
