Sanctions were placed on diesel originating from Russia. Moscow pledged to export the same volume it is currently managing. A tweet notes that 500 kt in November equals 125 kbpd of diesel. Russia normally exports about ten times that amount when its refineries are not damaged.
Key points
Sanctions on diesel origin and pledged export volume are equal.
500 kt in November equals 125 kbpd of diesel.
Sources
Industrial order backlog up 60% per ISM
Around 60% of industrial industries now report a higher order backlog per the ISM. This is the highest level since the pandemic. AI buildout is reaching more of the physical economy.
Key points
60% of industrial industries report a higher order backlog.
The backlog level is the highest since the pandemic.
Sources
Starlink acquires nationwide low‑band spectrum license portfolio
Starlink announced an agreement to acquire a nationwide low‑band spectrum license portfolio. The acquisition is intended to allow Starlink Mobile to become a major mobile carrier. The new spectrum and the Gen2 constellation are cited as enabling broader access.
Key points
Acquisition: nationwide low‑band spectrum license portfolio
Goal: Starlink Mobile to become a major mobile carrier with Gen2 constellation
