https://twitter.com/Schuldensuehner/status/1519921189027782656 OOPS! #Inflation pressure intensifies in #Germany. Import Price jumps to 31.2% in March, highest since Sep1974 during the first #oil crisis. The current data are beginning to reflect the impact of the war in #Ukraine. https://t.co/Y8DXGbGOfZ via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1520672542477987840 One of the most important charts in Macro right now: #Inflation expectations (here 10y German inflation expectations) trade in tandem w/oil. So if price of #oil were to fall, for example due to fears of recession in US or slowdown in China, inflation expectations would also fall. https://t.co/VFFm3xTxit via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1520790368580739075 Saudi Arabia’s economy grew at the fastest pace in more than a decade in the first quarter, thanks largely to booming #oil prices & rising production. Kingdom’s GDP rose by 9.6% YoY in Q1 2022. Non-oil GDP expanded by 3.7%, compared w/4.7% in Q4 2021. https://t.co/c0ZtfTb8kS https://t.co/mOx62OoawP via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1525740450040127489 Saudi Aramco posted highest profit since its record IPO after #oil prices surged in the wake of Russia’s invasion of Ukraine. Aramco, which last week surpassed Apple to become world’s most valuable listed comp, made net income of $39.5bn, up from $21.7bn. https://t.co/tgCpNLBz3z https://t.co/qpI5F968gW via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1529687918234718208 Saudi Arabia’s attempts at reinvention are in full view at #wef22. It has branded multiple cafés on main drag, incl one bearing Crown Prince bin Salman’s name. Saudi holds sway over much of supply of #oil world desperately needs to cushion effects of war. https://t.co/WstBxGdhFC https://t.co/kWqdrQD4xH via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1531395867491586050 #Oil prices jump almost 2% as EU leaders agree on a partial embargo on Russian oil at summit. Sanctions cover more than 2/3 Russian oil exports to EU. https://t.co/uISgz4bKyQ via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1531525936381931520 Great #oil reshuffle: EU just banned member states from purchasing crude & refined product by sea, but it incl exemptions for crude piped to continent. It will prove inflationary for all nations involved given that reshuffling of global flows is likely to be structural, RBC says. https://t.co/8EqqIwtB0K via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1531530415613222914 Rewriting rules of global #Oil trade: As EU weans from Russian refined product, India becoming de-facto refining hub for Europe, RBC says. India buying record amounts of severely discounted #Russia crude, running its refiners above capacity, & capturing econ rent of crack spreads https://t.co/TDbIBYgmrH via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1534674843131695105 Exxon Mobil shares notched their 1st record close since 2014, another milestone in blockbuster yr for energy stocks. #Oil giant's stock closed at $104.59, topping prev closing high from June 23, 2014. The shares have gained 71% YTD and 8.9% in June alone. https://t.co/Y0RT3xsMCQ https://t.co/0Nj7PpeLgX via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1546803289584549889 For those who think a cheap currency would be good for an economy, this chart: #oil in Euros is trading near record highs right now, so the cheap Euro is fueling #inflation, while a strong Euro in 2008 saved the Eurozone from high oil prices. https://t.co/JwA1K8bUWL via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1553897290586267648 Brent crude price plunges as West eases efforts to restrict Russian #oil trading w/#inflation and energy risks mount. Plan to shut Moscow out of maritime insurance market delayed. https://t.co/fwQPGft0Uc https://t.co/44Lne5P7qT via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1572480089396486148 #Oil jumped after Russian President Vladimir Putin ordered a partial mobilization to hold onto occupied territories in Ukraine. WTI surged >$85 a barrel. (BBG) https://t.co/sQ8bBQYidG via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1574285466655924224 Brent #oil fell <$85bbl for the 1st time since January amid mounting concerns about a global recession. https://t.co/bIgDaTLb7o via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1577676379818188800 OPEC and its allies are slashing #oil production by 2 million barrels a day. The Biden administration strongly lobbied OPEC to continue oil production at current levels or higher, because the move is expected to worsen #inflation worldwide. Brent oil gains 1.5%, WTI +1.3%. https://t.co/uNP0E4G2k5 via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1592677196728262656 #Oil extended gains after Poland was struck by a Russian-made missile, raising concerns about an escalation of the war in Ukraine. WTI climbed >$87 a barrel after closing 1.2% higher on Tuesday. (via BBG) https://t.co/15jImiezAT via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1597187307580579842 #Oil prices plunge as #China protests hit risk sentiment. WTI tumbled to lowest since Dec2021. China unrest comes after sharp pullback in oil mkt as risk of China slowdown looms & EU floated price cap on Russian crude that looks set to have minimal impact. https://t.co/aujWRr0oL0 https://t.co/AeJaxpy4oG via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1599690121892093952 Good Morning from #Germany, where gasoline prices at the pump are almost at the lowest level this year in line w/#oil prices. But gasoline prices still look inflationary for the year, because in December 2021 we still had an oil price of less than €40/bbl. https://t.co/L7gTPXCAi3 via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1599748893314424832 Mind the gap: while #oil prices have dropped since June, oil majors – measured by MSCI World Energy – have risen. Who is right? https://t.co/n20oxT93sg via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1642859137775140865 #Oil prices matter! Brent crude & #inflation expectations trade more or less in tandem. https://t.co/0qzSLFBsTl via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1653712256264175617 WTI #Oil plunged <$70/bbl as the prospect of a US recession threatened to curb fuel demand. Just days after OPEC+ began cutting production in an effort to stabilize markets, there was little indication that the group was having any success. https://t.co/7gtOF8hAAf https://t.co/gmlXbEcgNn via @Schuldensuehner