Headlines From All Over -- April 14, 2022

Russell Wilson: forever, apparently, is not forever. Traded to Denver Broncos after ten seasons. 

Putin's War:

• says Russia needs infrastructure for energy exports to East. Link here.
• that would be correct, but that takes a lot of capital
• payments for natural gas already falling behind; one reason: bank transfers.

US refined product exports soar to record high. Link here.

• 6.8 million bpd, week ended April 8, 2022
• up from a robust 5.9 million b/d the previous week;
• weekly export number was 400,00 b/d higher than the previous record set early April, 2021;
• Russian invasion set off a global scramble to find replacement for Russian oil products.

Global refiners:

• China to surpass US as world's top refiner this year; link here;
• China: to reach 18.8 million b/d capacity;
• US: approximately 18 million b/d capacity;

NY attorney general launches investigation into gasoline price gouging.

• this will not end well;
• already not enough jet fuel in the northeast;
• an investigation isn't going to help;

Buzz: natural gas at $12? If that happens .... watch out, NE ISO.