Journal to portfolio afterlife

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As some Beijing residents rushed to buy extra freezers, to be able to store more food, the state-run Beijing Evening News wrote a short article on the surge in appliance purchases. It reported that one vendor had sold more than 300 freezers — the equivalent of one month’s usual sales — on Sunday.

 
Observable global oil inventories fell at their fastest pace on record and are today around their lowest level in more than a decade. While it’s too soon to determine that our current position represents a truly critically low level of inventory, it’s undeniable that we’re closer to that threshold than we’ve been in a very long time. This wafer-thin safety cushion makes the extreme volatility and wide forecast error bands looking out over the coming year all the more concerning, and a continuation of the past year’s inventory drawdown pace would bring us into truly uncharted territory.

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La Cina, importatore di materie prime energetiche come l'Unione Europea, ha diversificato i fornitori per la propria sicurezza strategica. E' lecito attendersi che aumenteranno gli acquisti in Russia a prezzo di saldo.

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