Chartbook • 615 implied HN points • 15 Mar 26
- The global crude market is structured like a hierarchy where oil type, supplier relationships, and buyer needs shape who gets what and at what price.
- Electricity prices are diverging sharply across countries, driven by differences in fuel costs, infrastructure, and policy decisions.
- Spiking food prices and shortages are triggering protests and riots in parts of Africa, exposing weaknesses in supply chains and social safety nets.