The benchmark has sunk by virtually a fifth this quarter on concerns that slowing development in the US and China, the leading shoppers, will harm consumption at a time of strong and expanding provides. Market metrics — together with the form of the complete futures curve — point out situations fast turning into far much less tight. China has offered to interact in talks with the European Commission to address economic and trade frictions, aiming to avoid punitive tariffs on its electrical autos. The move comes because the EU considers lowering proposed tariffs on Tesla and other Chinese EVs. Bescom… Read More