Lack of fuel subsidies could hasten Asian crude demand destruction on May 1, 2018The term “demand destruction” is again entering the lexicon of the current crude oil market as the sharp rise in prices raises concerns about when do consumers start cutting back on their fuel consumption. While it’s probably impossible to pick the exact point at which this happens, the risk in the current cycle of rising […]
If the US has a steel problem, it shouldn’t be pointing at China on July 31, 2017Anybody looking at U.S. import data would wonder why the Trump administration is bothering making a big deal out of its steel trade with China. U.S. President Donald Trump said last week that he is considering imposing tariffs on steel imports, while talks between the commerce secretaries of the United States and China ended without […]