So, What Is China Actually Doing?
The biggest swing buyer in the oil market has gone quiet, and that quiet is the main thing keeping crude cheap. The day Beijing decides to buy again is the day the whole trade turns over.
The Merchant's News
The Merchant's News is a newsletter by Giacomo Prandelli covering oil, gas, LNG, metals, and geopolitics, with practical insights on sectors, trade flows, and commodity-linked stocks.
Live Last read · last published · next check
Latest posts
Will Europe Freeze This Winter?
The summer holidays are ending and Europe's gas tanks are barely 60% full, the emptiest they have been at this point in the year in almost 20 years.
🚨Refined Fuel Is Worth More Than The Crude It Comes From.
The profit from turning a barrel of oil into diesel just reached an all time high.
RUSSIA STILL SELLS THE OIL. NOW IT HAS TO BUY BACK THE FUEL.
Ukraine is burning the refineries, the exports are vanishing and Moscow is importing the one thing it used to sell the world.
Every Stock In My Book Just Beat Its Q2 Expectations
6 of my positions reported second quarter results over the past week. Every one beat expectations, and today every one is green. Here's the scorecard, and what I'm doing next.
The Merchant's Book (08/26)
The first edition of a monthly ritual. On the first week day of every month I open my actual portfolio, every position and my real entry price and I show you exactly how it's doing.
Big Oil Just Printed A Record Q2, Is Trump About To Shut The Export Door?
Exxon, Chevron and the refiners just posted record profits and the president called it price gouging, right as he runs out of ways to get gasoline down.
3 Connections I'm Making On This War, 1 is Investable
My 3 reads on a widening war how it is outgrowing its map, why Iran has learned to bend oil, inflation and the Fed and the opportunity it is quietly creating.
WHY ARE OIL PRICES BEING PUSHED DOWN?
Brent has slipped back as if the war were cooling. The mechanism behind the illusion, the crude quality deep dive, and the trade that follows.
Who Wins At $100 Oil When The Tools To Cap It Are Spent?
Since the war began, 2 main shock absorbers capped every oil spike, and the supply cushion behind them is gone too. Yesterday Brent hit $100 and nothing came to save it.