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China will increase demand on oil over they return to regular manufacturing.
China will increase demand on oil over they return to regular manufacturing.I am lost.if China reopens, oil consumption will increase even more.
The lockdown is not affecting production of oil, and hardly refining.
What we have is the West deciding to boycott itself from a key producer: Russia blacklist
and the end result of now nearly a decade of pretending that fossil fuels are not required so no investment, exploration, licensing..
None related to Shanghai..
Oil issue will remain, and not so sure the inflation is really that linked to China covid at least here.
Food price explosion is oil/fertiliser based..
Transport is oil/ self inflicted regulation..and car part issues is the chip shortage..which after 2y, is clearly more an economic weapon from China than an actual production problem .but hey...who wants to open his her eyes...
I am lost.if China reopens, oil consumption will increase even more.
The lockdown is not affecting production of oil, and hardly refining.
What we have is the West deciding to boycott itself from a key producer: Russia blacklist
and the end result of now nearly a decade of pretending that fossil fuels are not required so no investment, exploration, licensing..
None related to Shanghai..
Oil issue will remain, and not so sure the inflation is really that linked to China covid at least here.
Food price explosion is oil/fertiliser based..
Transport is oil/ self inflicted regulation..and car part issues is the chip shortage..which after 2y, is clearly more an economic weapon from China than an actual production problem .but hey...who wants to open his her eyes...
the chip shortage..which after 2y, is clearly more an economic weapon from China than an actual production problem .
It is dude. How much of the world's oil and wheat do you think has been cut off in the sanctions/war?It's really lazy and dishonest at the highest level for gov to shift the blame on Putin and Chinese lock downs for supply issues and inflation yet people repeat it like it's a fact of nature.
Obviously the Chinese lockdowns and the Ukraine war has added a lot of fuel to the fire, but the supply issue before that were mainly caused by other covid restrictions and isolations.There were supply issues before the Chinese lock downs AND the war in Ukraine, does anyone even know anymore what is causing the supply problems.
i would suggest some troubles were actually brewing before Covid as well , the truck-driver decline in several nations , for one , another was changes to the permissible shipping fuel , not helping shipping bottle-necks at all , and Boeing was also facing several problems ( putting pressure on air transport )Obviously the Chinese lockdowns and the Ukraine war has added a lot of fuel to the fire, but the supply issue before that were mainly caused by other covid restrictions and isolations.
For example rules that people must isolate if they are a close contact were shutting downs and delaying factory output and transport.
Yes so me being puzzled by your post.China will increase demand on oil over they return to regular manufacturing.
Supply chain issues and (transitory) inflation preceded Ukraine and sanctions.It is dude. How much of the world's oil and wheat do you think has been cut off in the sanctions/war?
Sure but take a look at the rate of increase before vs after the invasion.Supply chain issues and (transitory) inflation preceded Ukraine and sanctions.
There were supply issues before the Chinese lock downs AND the war in Ukraine, does anyone even know anymore what is causing the supply problems.
Yes so me being puzzled by your post.
I took:"Might bring price of oil back to what $120 but will also address supply issues of the EU oil fails then we could be looking at 2 of the major inflationary forces being thwarted."
As saying oil fails aka oil falls
You maybe meant oil back UP at 120?..
But that is not deflationary...
Anyway i think we agree
China unlocks
so oil goes up
so inflation worsening.
Energy took off back at the start of the year when the invasion fears began. Not a coincidence. That's not to say it wasn't increasing at a decent rate beforehand, but it was the invasion and sanctions that sent it soaring.I appreciate you posting current graphs but would appreciate the benefit of some narrative to go with them. Not everyone here studies this stuff.
This video explains it all in detail, it was caused by a perfect storm of lock downs, followed by isolations of chunks of the workforce, and the “just in time” supply chain design couldn’t handle it.Supply chain issues and (transitory) inflation preceded Ukraine and sanctions.
suggesting wages to lag behind inflation;
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