Oil Industry

Why the labour market won’t fuel US inflation, Digital currencies could boost financial health, and more

THE DAILY UPDATE – Saturday 2 April 2022

Why the labour market won’t fuel US inflation

By Julian Jacobs

Despite low unemployment and high inflation, fears that tight labour markets will drive inflation higher are misplaced. Five elements have been vital to the reduction of worker power since the 1970s and are responsible for the considerable productivity-pay gap in the US. The great danger of this bout of inflation is that salaries will not increase fast enough, while panic about rising wages will...

https://allaboutshipping.co.uk/2022/04/02/why-the-labour-market-wont-fuel-us-inflation-digital-currencies-could-boost-financial-health-and-more/

Worshippers venerate visiting icon

Good Morning Monaco

Friday, April 1, 2022

Monaco’s Orthodox worshippers venerate 13th Century Icon
One of the Orthodox Church’s most holy and ancient icons visited Monaco on Thursday, March 31, an occasion that had been planned for several weeks…

Europe’s Russian gas in jeopardy as Ukraine braces
President Vladimir Putin threatened on Thursday to halt contracts supplying Europe with a third of its gas unless they are paid in Russian currency, his strongest economic riposte…

Anti-ageing event suddenly...

https://allaboutshipping.co.uk/2022/04/01/worshippers-venerate-visiting-icon/

Market losses: BDI@2,484; more mess in Ukraine whilst Covid spreads…

John Faraclas

The BDI (Baltic Dry Index) lost 60 points since last Friday the 25h of March as well as the 2,500 points threshold. Brace for Ukraine as the despicable mess continues. Covid’s spreading will cause more mess… John Faraclas brief daily recap:

The Capes’ BCI lost 153 and now stands at 1,734 losing also the 1,800 points threshold…

Minimal “gains” for the Panamaxes’ BPI now at 3,146 – up three points…

Supras’ BSI lost the 3,000 points threshold; down 29 at 2,991…

Handies the …quite winner...

https://allaboutshipping.co.uk/2022/03/28/market-losses-bdi2484-more-mess-in-ukraine-whilst-covid-spreads/

Falling Dry and Wet Markets; Collective Guilt for Ukraine and Covid

John Faraclas

The BDI (Baltic Dry Index) lost 23 points since yesterday and now stands at 2,522; on a weekly basis same was down 61 since last week’ 2,605 losing the 2,600 points threshold. In search for Peace in Ukraine to avoid spill over and World War III, but this requires leaders and not morons to change the mindset. Same applies for Covid’s anathema, now entering its third year. John Faraclas’ daily and weekly recap:

The Capes BCI was down 82 points to 1,887 and on a weekly basis minus 718...

https://allaboutshipping.co.uk/2022/03/25/falling-dry-and-wet-markets-collective-guilt-for-ukraine-and-covid/

GLOBAL & REGIONAL DAILY (Thursday, March 24, 2022)

GLOBAL & REGIONAL DAILY

HIGHLIGHTS

March 24 2022

Global Markets

On geopolitical developments, interest today turns to the back-to-back three summits of NATO, G7 and the EU in Brussels, with attention focusing on energy restrictions. Oil prices are rising further today, with Brent futures trading above USD122/bbl at the time of writing.

Greece

According to the Bank of Greece, in January 2002 the current account deficit widened on an annual basis by €1,563mn standing at €1,995mn, mainly due to a...

https://allaboutshipping.co.uk/2022/03/24/global-regional-daily-thursday-march-24-2022/

Oil stays elevated ahead of crucial G7 and NATO talks

Susannah Streeter

24 March 2022 – Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown

‘’There is little sign the pedal is coming off the accelerator for energy prices, amid a fresh round of volatility that has hit markets after Russia moved to retaliate in the economic war being waged. Oil has climbed upwards again, with Brent crude marching back above $122 a barrel earlier as trade stays highly sensitive to the repercussions of the Ukraine conflict. The price of natural...

https://allaboutshipping.co.uk/2022/03/24/oil-stays-elevated-ahead-of-crucial-g7-and-nato-talks/

Poorest are worst affected in destruction of western illusions

Thursday 24 March 2022 – Vol.13 Ed.12.4

Commentary: War has shattered illusions of the West

By Meghnad Desai in London

The three-week-old war that Vladimir Putin has waged against Ukraine has shattered the illusions on which the entire architecture of the post-1945 western order has been based. There are at least three such illusions: the democratic power of the United Nations, universal peace in Europe and the US belief that it was the world’s sole superpower following the collapse of the Soviet...

https://allaboutshipping.co.uk/2022/03/24/poorest-are-worst-affected-in-destruction-of-western-illusions/

Net closes in on Putin’s super superyacht

Monaco; the marina and at the centre the Yacht Club de Monaco
Good Morning Monaco

Wednesday, March 23, 2022

Net closes in on Putin’s super superyacht
Pressure is growing on the Italian authorities to seize Scheherazade, the huge superyacht believed to belong to Russian dictator Vladimir Putin. He also owns a smaller yacht, Graceful… 

One more Michelin star for Marcel Ravin
Chef Marcel Ravin of the Blue Bay at the Monte-Carlo Bay Hotel & Resort has won a second star in the 2022 Michelin Guide…

France’s...

https://allaboutshipping.co.uk/2022/03/23/net-closes-in-on-putins-super-superyacht/

Renminbi and crypto pose no major threat to dollar’s global dominance

Tuesday 22 March 2022 – Vol.13 Ed.12.2

Commentary: Russia sanctions, the renminbi and the dollar’s future

By Mark Sobel in Washington

The dollar’s global dominance remains well entrenched. Yet every ripple in international finance engenders a tedious new round of chatter – will the dollar lose its dominant status? With the imposition of severe financial sanctions on Russia, rumblings that China will provide Russia a lifeline and rumours Saudi Arabia will denominate oil prices in renminbi, markets...

https://allaboutshipping.co.uk/2022/03/22/renminbi-and-crypto-pose-no-major-threat-to-dollars-global-dominance/

Dry and Wet Markets lose steam; the despicable developments in Ukraine are far from over and a permanent Peace, a midsummer’s night dream. Covid strikes back…

John Faraclas

Midweek Market blues as BDI fells under 2,600 points threshold and Wets follow suit. Ukraine is the biggest set up and actors involved do not know their role as the script was too complicated… Shame, shame, Shame… Covid’s resurge will cause more mess. John Faraclas’ brief midweek recap:

The BDI (Baltic Dry Index) was down 98 points and now reads 2,591…

The Capes’ BCI was down 191 losing both the 2,700 and 2,800 points threshold and now stands at 2,632…

The Panamaxes’ BPI was down 99...

https://allaboutshipping.co.uk/2022/03/16/dry-and-wet-markets-lose-steam-the-despicable-developments-in-ukraine-are-far-from-over-and-a-permanent-peace-a-midsummers-night-dream-covid-strikes-back/

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