David Orr Some chemicals companies are already declaring FM on customers. Guaranteed volume won't materialize for a majority of their crude and naphtha imports. Margins will be lower especially in the specialty chemicals and industrial sectors. Supply crisis is a real risk.

So we had various "Hormuz is open" headlines past few days as in open for: - Oil bought in CNY vs USD - Those countries that expell US embassies - Non US/Israel ships - Actually open for all - etc One must be a bit dumb to believe these headlines from some Iranian Twitter posts.

Honestly, the pullback was a layup buying opportunity. The stock is up 7% this morning after Nomura Securities upgraded it from Neutral to Buy and raised the target price from 1,350 yen to 1,900 yen. They note, "Profit forecasts are being boosted by the continued strong

Mayor Zohran Kwame Mamdani visiting people in jail is admirable but just wondering if you've also visited their victims / the families of their victims? Seems like there is a bizarre progressive determination to invert victimization i cant quite understand.

"resin spread" (ethylene - naptha) is the underlying KPI of the entire industrial sector, and Japan only has a 2 month stockpile of polyethylene. I.e. once crackers reduce output due to margin destruction, you start seeing auto and electronics shortages thereafter.

I had GPT 5.4 do a research-intelligence-grade analysis of the 2nd and 3rd-order effects of the Iran war, and Nikkei closing prices going forward. By next month, we'll see PE/PP solvent producers 'double-ordering' due to cracker production cuts. Nikkei will fall to 50,900.

It’s making more and more sense why Joe Kent was apparently frozen out of the Administration’s decision-making process

Every transit nerd — the urbanist who tell us over and over how much they love public transportation— has to realize until you stop this sort of crap, and make stopping it your number one goal, you and all your train love are doing nothing but annoying everyone else.

G-SHOCK ASPs are moving higher cc Nitin Gupta

we've come so far

STAR ASIA: SINGAPORE BUNKER SUPPLIERS FORCED TO HALT / RATION FUEL SUPPLIES

More evidence of Asian counties performing a LNG-to-coal fuel switch: Thailand has reactivated two coal-fired units that had been mothballed. The switch is important to put a lid on global LNG (and European gas) prices. bangkokpost.com/business/gener…

.Kenji Nakamura what stage in the cycle are we in now

🇸🇦🛢SAUDI ARAMCO CUTS CRUDE OIL SUPPLY TO ASIAN BUYERS FOR LOADING IN APRIL - SOURCES SAUDI ARAMCO NOTIFIES AT LEAST TWO ASIAN BUYERS THAT THEY CAN LIFT ONLY ARAB LIGHT CRUDE FROM YANBU TERMINAL IN APRIL - SOURCES (mktnews.com/flashDetail.ht…)

Need more wfe

this is why Docusign needs 10 million employees

ITS NOT ENOUGH AND THE MARKET IS UNDERSUPPLIED IN 2026 READ ANY RESEARCH REPORT

We know that Araghchi and Witkoff are texting.

Amazing chart

OSINT accounts are mostly just reposters of Telegram videos and poorly summarized mainstream journalism about the war. High chance that you get hoodwinked by a tweet in this environment if you rely on them. Follow the reporters.