Trump's Russia diesel deal? Covers 9 days of US demand.
That's it. Nine days.
Per EIA data, this isn't energy independence. It's a band-aid on a structural problem.
Meanwhile oil majors keep printing, refiners stay tight, and diesel margins stay elevated.
If you're long energy plays, this changes nothing. If you thought this was bullish for crude... it's not. It's noise.
Watch crack spreads and refinery util rates instead. That's where the real alpha is.
That's it. Nine days.
Per EIA data, this isn't energy independence. It's a band-aid on a structural problem.
Meanwhile oil majors keep printing, refiners stay tight, and diesel margins stay elevated.
If you're long energy plays, this changes nothing. If you thought this was bullish for crude... it's not. It's noise.
Watch crack spreads and refinery util rates instead. That's where the real alpha is.