Global Supply Chain Pressure Index (Jan) 0.41 (Prev. 0.54, Rev. From 0.51)
The Global Supply Chain Pressure Index has decreased to 0.41 from a previous value of 0.54, indicating easing supply chain constraints.
Shell (SHEL LN) CEO says oil market supply slightly long, balanced by geopolitical risk like Venezuela and Iran
Qatar sets March marine crude OSP at Oman/Dubai at USD -1.00/bbl and land crude OSP at Oman/Dubai at USD +0.80/bbl
Global Supply Chain Pressure Index (Jan) 0.41 (Prev. 0.54, Rev. From 0.51)
Shell (SHEL LN) CEO says we do not want to sell chemicals assets at the bottom-of-cycle conditions
US EQUITY OPEN: Stock sell-off continues as Tech overvaluation concerns continue
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This decline is significant, as it suggests potential reductions in inflationary pressures and could influence central bank policy on rates moving forward. Keep an eye on how this impacts economic growth outlook and markets reacting to lower supply chain stress.
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