Wednesday, April 5, 2017

"Holy Nightmare, Batman, What Do We Do Now?" -- April 5, 2017

This was "last month's" graphic:



That drop from December, 2016, to January, 2017, was ... shocking?

And it's not getting any better.

First, via twitter today: the narrow Brent-Dubai spread makes Atlantic basin oil cheaper for Chinese buyers.

Second, the graphic: 

The x-axis had to be "adjusted" for the most recent data:


Source: http://www.tradingeconomics.com/saudi-arabia/foreign-exchange-reserves

This graph takes us back to mid-2015:

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