🛢️ Shell CEO Wael Sawan: "The oil market's shock absorber is weakening"

His second line is just as pointed: products markets are more squeezed than crude itself.

He's not speaking abstractly.

Sawan has said refiners are reading current price signals as a clear diesel and

Today’s news: Treasury may start using its nearly $1 trillion TGA cash balance to fund bond buybacks.

Here is what that actually means.

The TGA — Treasury General Account, is basically the U.S. government’s bank account at the Federal Reserve.

Normally the flow is simple:

I’m in love with this sentence:

“One of the most underrated skills you can learn is the ability to ignore your mood and stick with the plan.”

While everyone is distracted by the manipulated oil price... diesel is trading at $183 per barrel.

- WTI: $87
- Diesel: $183

People say oil is the lifeblood of our economy...But it's actually diesel.

Diesel powers:

- Most farming operations
- Most mining operations
- ~80% of