Demand For Oil is TANKING, this is a MAJOR Warning to the Economy
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Demand for gasoil, the basic fuel which runs the entire modern world, is actually declining. Having stumbled over the summer, this exceptionally rare development is another really negative sign to go with, relatedly, even more production and job cuts across the auto industry. Energy, autos, economy. 

Eurodollar University's Money & Macro Analysis

Bloomberg Diesel Set For Growing Glut as Demand Faltershttps://www.bloomberg.com/news/articles/2024-11-05/diesel-set-for-growing-glut-as-demand-falters

World Bank Commodity Markets Outlookhttps://openknowledge.worldbank.org/server/api/core/bitstreams/bbda9ad3-4f12-4626-ad4b-94a4d20fbd52/content

Bloomberg OPEC Cuts Global Oil Demand Growth Forecasts for Third Consecutive Monthhttps://www.bloomberg.com/news/articles/2024-10-14/opec-cuts-global-oil-demand-growth-forecasts-for-third-consecutive-month

OPEC June 2https://www.opec.org/opec_web/en/press_room/7339.htm

OPEC Sept 5https://www.opec.org/opec_web/en/press_room/7369.htm

OPEC Nov 3https://www.opec.org/opec_web/en/press_room/7409.htm

Bloomberg Even Some High-Income Americans Can’t Afford New Cars Anymorehttps://www.bloomberg.com/news/articles/2024-11-04/soaring-2024-new-car-prices-turn-more-buyers-toward-used-vehicles

Nikkei Nissan cutting production of main U.S. models by 30%https://asia.nikkei.com/Business/Automobiles/Nissan-cutting-production-of-main-U.S.-models-by-30

Guru Focus Nissan Cuts Production Amid Declining U.S. Demand, Threatening Global Sales Goalshttps://www.gurufocus.com/news/2582356/nissan-cuts-production-amid-declining-us-demand-threatening-global-sales-goals

EuroNews Thousands of jobs to go at German car parts maker Schaefflerhttps://www.euronews.com/business/2024/11/05/thousands-of-jobs-to-go-at-german-car-parts-maker-schaeffler

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