Cheap at the Dock, Costly at the Refinery: Gulf Oil Discounts, Demand Destruction and the Recession Question
Saudi Arabia, Iraq, and West African sellers are cutting prices to cover record tanker bills, and Brent futures barely flinch. The catch: the barrel that actually reaches a refinery costs more than the screen says, not less. Here is what that gap means for your fill-up, your grocery bill, and the odds of a recession. […]
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