Ditto with Farlap Dex! It's a fairly steep price we're paying for conflict in Ukraine. OPEC has finally agreed to increase production by .5m BPD in July as a result of pressure from the US. China? Well sucking all the cheap oil from Russian oilfields in the Urals/Volga/West Siberia. Has left China in a enviable position of low inflation and room to move to stimulate their economy. Core inflation in China running 1.2% prior to Ukraine Invasion now down to less than 1% (See chart below) OPEC production increase still short of .5m BPD for current consumption. Still trying to find the 'Good News" Headline! Bit more head scratching on how I can hedge the portfolio Enjoy your weekend Dex. Looks like it is back to manual labour for me this arvo!
