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Oil Markets Refocus on Geopolitical Risk

OilPrice · Michael Kern · last updated
Oil markets are refocusing on geopolitical risk after the Israel-Hamas ceasefire broke down and the United States engaged the Houthis in Yemen.- Beijing has unveiled a $41 billion government subsidy program to prompt buyers to replace old consumer goods with new products, boosting retail sales, as well as allocating $27 billion to subsidize equipment upgrades.- Chinese refiners managed to keep run rates high despite a 26-month import low in January, with seaborne flows poised to rebound strongly in March after Beijing adapted to US sanctions on…
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