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10:08:24

【Short-term trading suggestions for US crude oil: range-bound fluctuations, short selling on rallies, buying on dips】 (1) Analysis reasons: Although the Federal Reserve implemented its first interest rate cut this year and hinted at further easing in the future, the sharp increase in US distillate inventories and the slowdown in the job market have put pressure on the demand outlook. At the same time, the uncertainty of the geopolitical situation has failed to reverse the decline in oil prices. In the short term, it will continue to fluctuate downward. On the technical level, the moving average maintains a bearish trend, waiting for the confirmation of support near the previous low point. (2) Key focus: geopolitical situation, global trade sentiment (3) Resistance: 63.60, 64.00, 64.30 (4) Support: 63.00, 62.60, 62.30

03:56:04

Market information shows that the Panama Canal natural gas pipeline project is expected to generate US$1 billion to US$1.2 billion in revenue annually.

03:39:02

International oil prices fell slightly on the 18th. As of the close of the day, the price of light crude oil futures for October delivery on the New York Mercantile Exchange fell by 48 cents to close at US$63.57 per barrel, a drop of 0.75%; the price of London Brent crude oil futures for November delivery fell by 51 cents to close at US$67.44 per barrel, a drop of 0.75%.

03:37:59

The vice president of Colombia's national oil company Ecopetrol said the company's current daily production exceeds 75,100 barrels and is expected to successfully achieve its 2025 target.

03:37:55

Colombia's state-owned oil company, Ecopetrol, is increasing its crude oil reserves in Colombia and is expected to achieve 100% reserve replacement this year, the company's vice president said.

03:36:52

Colombia's state-owned oil company, Ecopetrol, expects to find partners to develop five oil fields within 18 months, its vice president said.

02:43:23

Brent crude futures settled down 0.75%, or 51 cents, at $67.44 a barrel.

02:38:11

The Panama Canal Authority said it has held meetings with ExxonMobil, Shell, Mitsubishi, Phillips 66, Puma Energy, Sumitomo and Vitol Group regarding the natural gas pipeline.

02:35:02

After a series of business meetings, the Panama Canal Authority launched the process of selecting the company to receive the concession to build the natural gas pipeline.

02:34:00

WTI October crude oil futures fell $0.48, or nearly 0.75%, to close at $63.57 a barrel; NYMEX October natural gas futures closed at $2.9390 per million British thermal units; NYMEX October gasoline futures closed at $2.0114 per gallon; NYMEX October heating oil futures closed at $2.3400 per gallon.

02:31:46

The settlement price of U.S. crude oil futures was $63.57 per barrel, down 48 cents from the previous price, a drop of 0.75%.

02:11:27

ExxonMobil said it will promote the growth of its fossil fuel business in the long term as it believes that energy demand "will not change substantially" between now and 2050. The Texas-based oil giant is not interested in "chasing weekly hot topics" but will invest in oil and gas projects that it believes will still be needed for decades to come. Dan Ammann, president of the company's upstream business, said Exxon plans to double its liquefied natural gas sales by 2030 and invest heavily in Guyana and the Permian Basin to increase oil production capacity. Ammann said, "We take a long-term perspective based on fundamentals and invest accordingly. Our long-term judgment on the global energy landscape is that energy demand will continue to grow."

01:32:03

Brent crude oil futures fell 1.00% to $67.17 per barrel

01:12:40

Nymex US crude oil futures fell 1.00% to $63.06 per barrel

00:45:59

U.S. natural gas futures extended losses after a bigger-than-expected weekly inventory build, sending prices down 5%.

00:00:26

A sharp drop in US crude oil inventories and a Fed rate cut "helped limit oil price declines" as the market waited to see what additional sanctions the EU would impose on Russia. Over the past week, the possibility of a Russian oil supply disruption supported prices, while concerns about OPEC+ production increases curbed gains. ING strategists Ewa Manthey and Warren Patterson said in a report that a sharp drop in US crude oil inventories and a Fed rate cut "helped limit oil price declines" this week.

23:32:31

The European Commission is discussing a proposal to accelerate the ban on imports of Russian liquefied natural gas (LNG) in the 19th round of sanctions against Russia, EU officials said.

23:23:27

[Report: EU Plans Faster Phase-Out of Russian LNG] The European Union is reportedly developing measures to accelerate its phase-out of Russian natural gas, just days after Trump called on the bloc to take more action on energy. The European Commission, the EU's executive arm, is considering including a clause in its new sanctions package that would ban all natural gas imports from Russia, regardless of whether they are transported by pipeline or in the form of liquefied natural gas. The European Commission, which is currently preparing a phased halt to pipeline natural gas imports by October 2025, is now planning to introduce a bill to accelerate the ban on Russian LNG.

23:22:47

EQT CEO Toby Rice said there could be some oversupply of U.S. LNG between 2027 and 2029; the market is expected to tighten in 2030.

23:21:55

The European Union plans to phase out Russian liquefied natural gas supplies more quickly following pressure from Trump.

22:31:29

The EIA natural gas inventory in the United States for the week ending September 12 was 90 billion cubic feet, which was in line with expectations of 80 billion cubic feet and the previous value of 71 billion cubic feet.

22:31:04

EIA Natural Gas Report: As of the week ending September 12, total U.S. natural gas inventories were 343.3 billion cubic feet, an increase of 90 billion cubic feet from the previous week and a decrease of 4 billion cubic feet from the same period last year, a year-on-year decrease of 0.1%. At the same time, it was 20.4 billion cubic feet higher than the five-year average, an increase of 6.3%.

20:32:21

[Caixin Futures: Pre-holiday Strategy Overview for Energy and Chemical Products] (1) Crude Oil: Recent market trends are driven by geopolitical dynamics. Ukrainian drone attacks on Russian oil pipelines and refineries, and Trump's threats of new sanctions against Russia have complicated the situation in Russia, Europe, and the Middle East, leading to a persistent geopolitical premium. Combined with EIA data showing significant destocking of commercial crude oil, short-term market volatility is expected, with a focus on evolving geopolitical risks. (2) Fuel Oil: Affected by US sanctions on some terminal and storage operators, coupled with uncertainties in the Russia-Ukraine and Middle East situations, the price differential structure is relatively strong, and short-term volatility is expected to remain low. Overly bearish sentiment is advised. (3) Glass: Spot price is 1,166 yuan/ton, up 2 yuan month-on-month. Declining soda ash and coal costs and cooling commodity sentiment have put pressure on the market today, but the realization of peak season expectations and continued destocking are providing support. A buy on dips is recommended, with a target entry range of 1,200-1,210, primarily focused on rebounds. (4) Soda Ash: The market is weak and volatile, with prices moving downward and trading volume thin. Hebei's warehouse-to-export basis is reported at 01-110, while Shahe's is reported at 01-90. The sharp drop releases short-term risks. While the long-term outlook is weak, the strength of the downstream glass market and the stabilization of coal costs suggest continued destocking, necessitating a short-term bullish strategy. (5) Caustic soda: Shandong's liquid caustic soda is experiencing poor sales, increasing inventories, and local price reductions, with overall prices fluctuating at a low level. However, expectations of pre-National Day restocking persist, and downstream alumina production remains high, supporting an optimistic outlook and a moderately bullish strategy. (6) Methanol: Taicang spot prices are 2,250 yuan/ton, down 32 yuan month-on-month. Buying interest has weakened, and trading has turned subdued. High import supply and a slight increase in port inventories are suppressing the market. The market is shifting between high inventories and expectations of a peak season, maintaining a volatile and weak outlook.

19:41:43

[Gas giants are making frequent debt moves, and new financing has attracted attention] ⑴ According to institutional news, North American natural gas compression service giant Kodiak Gas Services announced that it will issue an additional $200 million of its 6.50% senior unsecured bonds due in 2033. ⑵ The initial pricing range of this bond was set between 101 and 101.50, and the sole bookrunner was JPMorgan Chase. ⑶ The move aims to partially repay the outstanding debt under its asset-backed revolving credit facility. ⑷ The investor conference call for the transaction was held on Thursday evening and is expected to be completed later that day. ⑸ The delivery date for this additional bond issuance is scheduled for September 22. The face value of each bond starts at US$2,000 and increases in multiples of US$1,000. ⑹ This move highlights the company's active performance in the capital market and its flexible debt management strategy.

19:37:30

The main Nymex crude oil futures contract just broke through the $64.00/barrel mark and is currently trading at $64.01/barrel, up 0.49% on the day.

18:49:47

Institutional calculations show that Russia's state oil and gas revenue is expected to fall 23% year-on-year to $7.11 billion in September.

18:29:49

Fuel Market Fluctuations: Data Reveals Potential Crisis] ⑴ Asian naphtha prices fell to $604 per metric ton on Thursday, in line with weakening crude oil prices. ⑵ The backwardation between spot and front-month naphtha remained stable at $6.25 per metric ton, while its refining margin fell to $94.90 per metric ton. ⑶ The gasoline crack spread fell below $13 per barrel due to rising Singapore inventories. ⑷ Data showed that Singapore light distillate inventories rose by 259,000 barrels in the week ending September 17, reaching a two-week high of 14.366 million barrels. ⑸ Meanwhile, the U.S. Energy Information Administration (EIA) reported that U.S. gasoline inventories unexpectedly fell by 2.3 million barrels to 217.6 million barrels last week. ⑹ Oil prices fell slightly after the Federal Reserve's interest rate cut, as the market weighed the start of loose monetary policy against concerns about the U.S. economy. ⑺ The head of a Russian oil company stated that oil demand in Asia continues to grow, and countries like China have been replenishing crude oil inventories. ⑻It is reported that a large Russian refining and petrochemical complex was affected by the attack in Ukraine, exacerbating market supply concerns.

18:26:28

Middle East crude oil rebounds strongly, with spot premiums hitting an eight-month high. ⑴ Qatar Energy significantly raised the official November al-Shaheen crude oil price to $3.61 per barrel (a premium over Dubai), a surge of $1.09 from the previous month and the highest level in eight months. ⑵ Driven by this, the spot premiums of the three major Middle East benchmark crude oils, Murban, Oman, and Dubai, snapped a two-day losing streak on Thursday, with the cash Dubai premium to swap contracts rising slightly by 4 cents to $2.96 per barrel. ⑶ Institutional data shows that over 50 transactions were concluded in the spot market that day, with the majority of transactions occurring in the $70.40-70.50 per barrel range, involving major traders such as Gunvor and Vitol. ⑷ The sharp drop in US crude oil inventories resonated with continued growth in Asian demand: US crude oil exports surged to a nearly two-year high last week, while Russian oil company executives confirmed that many Asian countries are actively replenishing their strategic reserves. ⑸ India's Mangalore refinery issued a tender for the purchase of jet fuel for the fourth quarter, further demonstrating the resilience of Asia's energy consumption demand.

18:11:10

Middle East Crude Oil Exports Surge, Tanker Freight Rates Hit a Two-Year High. (1) Large tanker freight rates surged to their highest level in over two years on September 18th. The freight rate index for the key Middle East to China route (TD3C) reached W108, its highest point since November 2022 and up nearly 150% from the beginning of the year. (2) Industry data shows that Middle East crude oil exports exceeded 18 million barrels per day for the first time in September, reaching their highest level since April 2023. This was driven by the agreement by the Organization of the Petroleum Exporting Countries and its allies (OPEC+) to increase production. (3) Strong Asian demand is attracting arbitrage crude oil supplies from the Atlantic Basin, forcing tankers to make longer voyages. For example, Indian refiners are increasing purchases of US crude oil, while independent refiners are also buying crude oil from Brazil and West Africa. (4) This trend has led to tight tanker supply, pushing up freight rates. Analysts expect this strong momentum to continue through the end of this year and into the first quarter of next year. 5. A shipping research manager said that Saudi Arabia is exporting more crude oil as the demand for oil for power generation in the summer ends. Trump's tariff remarks have caused market concerns about the supply of Russian crude oil, which may further push up freight rates.

17:52:49

[North Sea refinery unexpectedly shut down, energy supply affected] ⑴ The Norwegian National Petroleum Corporation said on Wednesday that a fatal accident occurred at its Mongstad refinery in Norway, and a worker from a lifting service provider died. ⑵ The refinery has suspended all non-essential activities until further notice, and the accident is being investigated by relevant agencies and police. ⑶ The accident occurred during a lifting operation on Wednesday afternoon. ⑷ Although part of the refinery's production was previously shut down for maintenance, the remaining part is currently unaffected. ⑸ As Norway's largest refinery, the Mongstad refinery can process approximately 12 million tons of crude oil annually. Its products include gasoline, diesel, and aviation fuel. This accident may have an impact on regional energy supply.

17:48:07

The "Rate Cut" Paradox in the Crude Oil Market: (1) On Thursday, oil prices edged lower for the second consecutive trading day, with Brent crude futures down 0.4% to $67.65 per barrel and WTI crude futures down 0.5% to $63.75 per barrel. (2) Although the Federal Reserve announced a rate cut on Wednesday and hinted at further reductions in borrowing costs in response to signs of labor market weakness, the market is still weighing the impact of loose monetary policy against concerns about the US economy. (3) Generally speaking, lower borrowing costs boost oil demand and push up prices. Kuwait's oil minister also expects increased oil demand after the rate cut, especially in the Asian market. (4) However, some analysts are skeptical, pointing out that the rate cut itself indicates an economic slowdown, which the Fed is attempting to restore growth. (5) The Federal Reserve Chairman stated that downside risks to employment are increasing relative to inflation, but inflation risks still need to be assessed and managed. (6) Persistent oversupply and weak US fuel demand are also weighing the market. ⑺ Data showed that although U.S. crude oil inventories fell sharply last week, distillate inventories unexpectedly increased by 4 million barrels, far exceeding market expectations of 1 million barrels, which triggered market concerns about the outlook for U.S. demand.

16:54:07

[International Oil and Gas Pipeline Terminology Standard Officially Released] ⑴ The international standard "Terminology for Pipeline Transportation Systems in the Petroleum and Natural Gas Industry (Including Low-Carbon Energy)" developed under the leadership of my country has been officially released and implemented. This standard took five years to develop, with the participation of an international working group consisting of 38 experts from 13 countries. During this period, a "domestic-international" coordination mechanism was established, 21 domestic and international expert seminars were held, and 25 rounds of text iterations were completed, ultimately forming a rigorously structured and comprehensive standard system. ⑵ The implementation of this standard will provide a unified communication framework for the global oil and gas pipeline industry, significantly reducing the communication costs and technical barriers caused by terminology differences, and laying a solid foundation for international cooperation. At the same time, this standard is expected to support the interconnection and efficient operation of cross-border energy infrastructure, further promoting energy trade security and regional economic integration and development.

16:49:02

[Asian Fuel Oil Market: Inventories Plummet, Imports Shrink Significantly] ⑴ Official data shows that Singapore's onshore fuel oil inventories fell for the second consecutive week, but remained above 25 million barrels, with the monthly average rising slightly. As of Wednesday, fuel oil inventories fell to 25.41 million barrels, a three-week low and a 4.2% decrease from the previous week. ⑵ Singapore's total fuel oil imports this week totaled approximately 600,000 tons, a 20% decrease from the previous week. Most of this import came from the nearby storage hub of Malaysia. ⑶ Meanwhile, Singapore's total fuel oil exports totaled approximately 265,000 tons, a 64% increase from the previous month, with the majority going to Hong Kong. The spot price differential for low-sulfur fuel oil has recently rebounded, shifting from a discount to a premium. ⑷ Institutional research reports indicate that total fuel oil supplies to Asia this month may decline slightly due to a reduction in arbitrage cargoes from the West. In the week ending Wednesday, Singapore imported 595,000 tons of fuel oil and exported 265,000 tons. 5. Among them, the largest amount of fuel oil was imported from Malaysia, reaching 254,000 tons; the United States imported 56,000 tons of fuel oil; and Saudi Arabia imported 33,000 tons of fuel oil. The main export destination was Hong Kong, with an export volume of 79,000 tons, followed by Australia with an export volume of 45,000 tons.

16:43:55

The main Brent crude oil futures just hit the $68.00/barrel mark and is currently trading at $68.00/barrel, up 0.22% on the day.

16:27:35

[Russian Oil Companies Call for Accelerated Development of Hard-to-Recover Reserves] (1) Gazprom Neft CEO Dyukov stated that Russian oil companies need to accelerate the development of hard-to-recover reserves to avoid falling behind in OPEC+ production increases. (2) He emphasized that in the long term, in order to achieve the strategic goals of new energy and maintain or increase production, more active promotion of hard-to-recover reserves and efficient utilization of remaining reserves are necessary. This requires coordination between industry and government, as well as national support. (3) Dyukov noted that one possible measure is to promote the application of chemical production enhancement technology. Currently, some projects are being implemented where economic conditions permit, but wider implementation still requires support from the Ministry of Finance.

15:56:13

[International Standard for Oil and Gas Pipelines, Led by my country, Released] Reporters learned today (September 18) that the international standard "Petroleum and Natural Gas Industries (Including Low-Carbon Energy) - Terminology for Pipeline Transportation Systems" (ISO 5872:2025), developed by my country, has recently been officially released and implemented. (CCTV News)

15:52:10

A Gazprom petrochemical plant in Russia's Bashkiria region was attacked by a drone, authorities said.

15:47:28

Qatar raised its October term contract price for al-Shaheen crude to $3.61 a barrel, the sources said.

15:46:38

[Musk talks about terawatt-scale data centers: solar energy/batteries will be the only option] An X user posted: "xAI currently has 460 megawatts of natural gas turbines installed and in operation or under construction...xAI will be the first company to reach 1,000 megawatts (1 gigawatt) at a single data center site." Musk responded: "1 gigawatt is still a piece of cake. For continuous high power of 100 gigawatts (about 1/5 of the average electricity consumption in the United States), it may require solar energy/batteries. Above 1 terawatt (1,000 gigawatts), solar energy/batteries are the only realistic option."

15:17:23

Hungary's Energy Secretary: Hungary has not changed its position on accelerating the phase-out of Russian oil and gas

11:32:12

ADNOC-led consortium abandons bid for Australian gas producer Santos: A consortium led by XRG, the investment arm of ADNOC, has withdrawn its indicative offer for Australian gas producer Santos and will not make a further binding offer, according to a statement released on September 17. The statement stated that while the consortium remains positive about Santos' business, a combination of factors influenced its assessment of its indicative offer.

10:58:45

[Gaseous Gas Exporting Countries Forum: Global natural gas production will increase by 1.8% in 2025] The Gas Exporting Countries Forum said in a report that global natural gas production will increase by 1.8% in 2025, mainly due to strong growth in North America. "Global natural gas production is expected to grow by 1.8% in 2025, mainly due to strong growth in North America," the report said. U.S. natural gas production increased by 4.1% year-on-year to 93.9 billion cubic meters in August. At the same time, the annual growth rate in the Asia-Pacific region was 0.6% due to increased production in China. The annual growth rate in Latin America and the Caribbean was 1.8%. In contrast, Europe's natural gas production fell by 5.5% year-on-year to 15.2 billion cubic meters in July 2025. Global natural gas production increased by 2.6% to 358 billion cubic meters in July.

10:16:18

[Short-term trading recommendations for US crude oil: range-bound fluctuations, short selling on rallies, buying on dips] (1) Analysis reasons: Data from the US Energy Information Administration showed that US crude oil inventories fell significantly last week due to a decline in imports and exports approaching a two-year high. However, distillate oil inventories unexpectedly increased by 4 million barrels, far exceeding the market expectation of 1 million barrels, triggering concerns about weak terminal consumption. Although the Federal Reserve's interest rate cut was implemented, it did not exceed expectations. Therefore, after the positive news was realized, oil prices continued to adjust. Technically, it will continue to fluctuate in the range, waiting for support confirmation near the previous low point. (2) Key focus: Geopolitical situation, global trade sentiment (3) Resistance: 63.80, 64.30, 64.60 (4) Support: 63.00, 62.60, 62.30

05:07:12

International oil prices fell slightly on the 17th. As of the close of the day, the price of light crude oil futures for October delivery on the New York Mercantile Exchange fell by 47 cents to close at US$64.05 per barrel, a drop of 0.73%; the price of London Brent crude oil futures for November delivery fell by 52 cents to close at US$67.95 per barrel, a drop of 0.76%.

03:20:51

Mexico's Ministry of Finance announced the completion of the capital injection and financing operations for Pemex, the Mexican state oil company.

02:31:41

U.S. West Texas Intermediate (WTI) crude futures fell 47 cents, or 0.73%, to settle at $64.05 a barrel.

02:12:10

U.S. natural gas inventories may have increased by 80 billion cubic feet last week.

22:55:36

UK Public and Commercial Services Union: Employees at the Office of Gas and Electricity Markets (OFGEM) have announced a week of strike action, escalating their dispute.

22:55:19

UK Public and Commercial Services Union: Members of the Public and Commercial Services Union at the Office of Gas and Electricity Markets (OFGEM) offices in London, Glasgow and Cardiff will strike from September 29 to October 3.

22:36:02

The EIA crude oil inventory decline in the United States in the week ending September 12 was the largest since the week ending June 13, 2025.

22:30:07

China's INE crude oil futures have just broken through the 500.0 yuan/barrel mark and are currently trading at 500.1 yuan/barrel, up 0.06% on the day.

21:17:29

[Natural gas prices plummet? Major players lower their Q4 forecasts, raising questions about supply and demand] ⑴ The agency significantly lowered its Q4 2025 natural gas price forecast to $3 per million British thermal units (MMBtu). This move is primarily due to high inventories, and prices could fall further if tropical activity impacts natural gas demand along the Gulf Coast. ⑵ Despite downward pressure, the agency maintains its 2026 natural gas price forecast at $4 per million British thermal units (MMBtu), driven by strong liquefied natural gas (LNG) demand. However, if natural gas production growth exceeds expectations in early winter, this could drag down prices in 2026. ⑶ Prices in the West Texas (WAHA) region are under pressure, and limited connectivity is expected to keep prices in the Southeast at a premium until new pipelines come online in the second half of 2026. Furthermore, ample spare capacity is expected to suppress prices in the ERCOT region from 2026 to 2027. ⑷ The continued growth of solar and battery storage capacity, in line with load growth, is also impacting the supply and demand balance in the natural gas market to a certain extent, introducing new variables.

20:53:44

[Caixin Futures: Energy and Chemical Sector Trends Diverge, Geopolitical Factors Support Oil Prices] ⑴ Geopolitical factors have recently driven volatility in the crude oil market, with Ukrainian drones attacking Russian oil pipelines and refineries, and Trump threatening new economic sanctions against Russia. ⑵ As the situation in Russia, Europe, and the Middle East continues to complicate, geopolitical sentiment premiums persist. We expect limited downside for crude oil, with a volatile and positive trend. ⑶ The US has imposed sanctions on some terminal and storage operators, leading to a strong fuel oil spread. We do not recommend an overly bearish outlook. ⑷ Today's spot price of float glass is 1,164 yuan/ton, up 4 yuan/ton month-on-month. Overall, companies in the Shahe area are experiencing strong shipments. ⑸ The spread of anti-involutionary news has led to a fluctuating upward trend in the market. Considering the seasonal improvement in glass demand in September and October, it is advisable to buy on dips. ⑹ Short-term, exit the market in the 1,250-1,270 resistance zone; short-term long positions are recommended. ⑺ The domestic soda ash market is stabilizing, with prices firming. Some companies have seen narrow price increases, with the spot-futures basis reported at 01-110 in Hebei Kuti. ⑻ Although the long-term outlook is weak, the downstream glass market is currently strong, and upstream coal costs have stabilized, suggesting a short-term bullish trend. ⑼ Exit the 1350-1360 pressure zone promptly, as the resurgence of anti-involutionary sentiment provides support. ⑽ Liquid caustic soda sales in Shandong Province are sluggish, leading to accumulated inventories at companies. Some companies have lowered their prices by 20 yuan, and prices in major producing areas are stable but weakening. ⑾ Considering the expectation of continued inventory replenishment before the National Day holiday at the end of the month and the continued high production of downstream alumina, we are optimistic about the trend of caustic soda. ⑿ The spot price of methanol in Taicang is 2282 yuan/ton, down 10 yuan month-on-month. Port inventory pressure continues to increase slightly, and the market is fluctuating widely.

20:42:08

[The Ukrainian attack hit Russian crude oil exports hard, with the weekly decline setting a record for the year] ⑴ The Ukrainian drone attack on key Russian facilities led to a significant decline in cargo volumes at Baltic ports. As of the week of September 14, Russia's average daily offshore crude oil exports plummeted to 3.18 million barrels, a significant decrease of 934,000 barrels from the previous week. ⑵ The decline was the largest single-week drop since July last year, highlighting the immediate impact of geopolitical risks on energy supply. ⑶ The four-week average export volume, which has less volatility, still rose slightly to 3.46 million barrels per day, slightly higher than the revised value of 3.42 million barrels in the previous week, mainly due to the large export volume of Urals crude oil through the Black Sea and Baltic ports in the previous week. ⑷ The continued recovery of the four-week average data shows that the potential export trend has not yet undergone a fundamental reversal, but short-term fluctuations have had a significant impact on the market supply pattern.

19:54:28

Angola to load 36 crude oil cargoes in November (compared to 31 planned in October) - Trade sources

19:24:51

Abu Dhabi National Oil Co's international investment arm, XRG, said on Wednesday that an investment group it led has withdrawn its $18.7 billion bid for Australian natural gas producer Santos.

19:02:41

Crude Oil Under Pressure, Expectations of Rate Cuts Stir Market Nerves] ⑴ Crude oil futures prices fell during midday trading, with Brent and WTI both down 0.8% to $67.91 and $63.98 per barrel, respectively. ⑵ Although the Ukrainian attack on key Russian facilities has raised supply risks for Russian crude oil and the possibility of stricter Western sanctions, these factors have so far failed to provide sustained support for oil prices. ⑶ However, institutional analysts point out that the Federal Reserve's policy tone later in the day could have an impact on the oil market. In particular, if the Fed signals a shift toward rate cuts, this could further weaken the US dollar and boost market expectations for crude oil demand amid the risk of a global crude oil supply glut.

18:59:51

[Oil prices are under pressure, and the Federal Reserve's decision may become a key turning point] ⑴ The agency pointed out that Brent crude oil and West Texas Intermediate crude oil futures prices both fell 0.8% in midday trading on Wednesday, to $67.91 and $63.98 per barrel respectively. Previously, the market focused on the potential supply risks to Russia caused by Ukraine's attack on key facilities and the possibility of more stringent sanctions from the West, but these factors have so far failed to provide sustained support for oil prices. ⑵ In addition, the statement of the U.S. Federal Reserve later on Wednesday may have an impact on the crude oil market. If the Federal Reserve hints that it may turn to interest rate cuts, this may further weaken the dollar and boost demand expectations at a time when global supply is at risk of oversupply, thus having a significant impact on oil price trends.

18:36:18

Brent crude oil futures fell 1.00% to $67.77 per barrel

18:34:57

Nymex US crude oil futures fell 1.01% to $63.87 per barrel

18:13:58

Middle East Crude Oil Benchmark Premiums Continue to Fall, Shifting Regional Supply Structures. ⑴ Spot premiums for Middle East crude oil benchmarks Oman, Dubai, and Murban continued to decline on Wednesday as increased supply flows to Asia from other regions continued to put pressure. Recent strong prices have prompted buyers to turn to alternatives such as Brazilian and West African grades. ⑵ The premium of cash Dubai over swaps fell 22 cents to $2.92 per barrel. Trafigura will deliver a November-loading cargo of Upper Zakum crude to NPI. Mercuria will deliver three cargoes of November-loading Upper Zakum crude each to Gunvor, ExxonMobil, and Vitol. ⑶ Trading data shows that multiple November-loading crude oil contracts were traded in the $70.60 to $70.69 per barrel range. The companies involved include Mercuria, Gunvor, Vitol, Trafigura, PetroChina, ExxonMobil, BP, and Mitsui & Co. ⑷ Russian pipeline monopoly Transneft warned producers of possible production cuts following Ukrainian drone attacks on key export ports and refineries. OPEC+ representatives plan to meet in Vienna on Thursday and Friday to discuss how to assess the 22 member countries' maximum production capacity.

18:08:22

Asian Petrochemical Market Trends: (1) Naphtha refining margins in Asia continued to decline, despite a corresponding increase in crude oil benchmark prices, but the decline was limited by tight supply. The naphtha crack spread was approximately $102 per metric ton, and the spread to Brent crude remained stable at $6.25 per metric ton. (2) In the gasoline market, the gasoline crack spread remained above $13 per barrel due to the remaining tight supply-demand balance. China has issued its third batch of export quotas for gasoline, aviation fuel, and diesel this year, totaling 8.395 million metric tons. (3) Regarding inventories, according to S&P Global Commodity Insights, light distillate inventories at the Fujairah trading hub plummeted to 6.048 million barrels, reaching their lowest level since November 2025. (4) Regarding market dynamics, sources revealed that global commodity traders Vitol and Glencore are expected to formally bid for Chevron's 50% stake in Singapore's second-largest refinery. Japan's top power company JERA is in advanced talks to acquire U.S. natural gas production assets in a deal valued at approximately $1.7 billion, marking another example of Asian countries investing in the U.S. energy sector. Two gasoline transactions were made in Singapore's cash trading market.

16:56:03

[Asia-Pacific Oil Market Shakeup: Giants Eye Singapore Refinery, Undercurrent of a Hundred-Billion-Dollar Deal] ⑴ Market rumors suggest that international energy giants Vitol and Glencore are actively preparing to bid for Chevron's 50% stake in Singapore's second-largest refinery. This move suggests a potential deal worth approximately $1 billion is imminent, profoundly impacting the energy landscape in the Asia-Pacific region. With an average daily crude oil processing capacity of 290,000 barrels, the refinery is a key refining and petrochemical hub in Singapore. A change in ownership of a 50% stake would impact the sensitive energy supply landscape of the region. ⑵ The potentially high valuation of this transaction not only tests the negotiating acumen of both parties but also reflects the market's reassessment of the value of Asian refining and petrochemical assets. As leading global commodity traders, Vitol and Glencore's strategic adjustments often provide important insights into future market trends. PetroChina, which holds the other half of the refinery's equity, holds a right of first refusal, adding further uncertainty and room for maneuver in the acquisition, and the market is closely monitoring developments from all parties involved. ⑶ It is worth noting that this battle among giants for the Singapore refinery takes place against the backdrop of global energy transition and intensified geopolitical competition. Under the influence of multiple factors, the value of energy assets is being re-evaluated. Investors and traders should closely monitor the development of this event, as its ultimate outcome may have a profound impact on regional energy prices, supply chain security, and even the stock prices of related companies. A battle for strategic resources is quietly unfolding.

16:34:45

FTSE 100 Index Tries to Rebound, UK Inflation Remains Flat at 18-Month High] ⑴ The FTSE 100 Index edged higher on Wednesday, snapping a three-day losing streak after falling 0.9% the previous session. British gas group Centrica led gains, rising over 3%, after Morgan Stanley upgraded its rating to "overweight" for the first time in two years, citing its capital investment in the Sizewell C nuclear power project and the Grain LNG terminal. The bank ranked it among its top UK utilities, noting its low yield sensitivity to recent UK government bond market volatility. ⑵ AstraZeneca's share price fell 0.7% after its asthma drug Fasenra failed to meet its primary endpoint in its second late-stage chronic obstructive pulmonary disease (COPD) trial, raising concerns about its respiratory pipeline. ⑶ Data showed that UK CPI remained flat at 3.8% year-on-year in August, the same as in July and an 18-month high, in line with expectations. Combined with this week's employment data, market expectations for Bank of England policy remain stable, with only an 8 basis point interest rate cut expected before the end of the year. ⑷ Later, the market generally expects the Federal Reserve to announce a 25 basis point interest rate cut.

16:25:06

New Fortress Energy's stock surged another 55% in pre-market trading, bringing its two-day gain to approximately 100%. New Fortress Energy, a US energy infrastructure company, continued its surge in pre-market trading, now up over 55%. The stock had already closed up nearly 45% yesterday, bringing its two-day gain to approximately 100%. The company announced it had secured a $4 billion liquefied natural gas (LNG) supply agreement to supply Puerto Rico.

13:27:56

According to Russian News Agency: The fire at the fuel storage facility of the Zaporizhia Nuclear Power Plant was caused by Ukrainian shelling and has now been extinguished. The fire did not spread to the fuel tanks.

13:16:41

[Russian experts: The annual gas supply of the "Power of Siberia" pipeline can be increased to 44 billion cubic meters in two to three years] Maria Belova, research director of the Implemente consulting company, said that the gas supply of the "Power of Siberia" natural gas pipeline can be increased from 38 billion cubic meters to 44 billion cubic meters in two to three years, that is, the growth will be realized during the period of 2027-2028. At the same time, the gas supply of the "Far East" line may be increased when it is opened in 2027.

10:58:37

Oil Prices Remain Steady as Markets Await the Federal Reserve's Interest Rate Decision. 1. Oil prices were stable in early trading on Wednesday. Following the drone attacks on Russian ports and refineries, oil prices rose over 1% on Tuesday. Market focus is now shifting to the Federal Reserve's upcoming interest rate decision, with a rate cut widely expected. 2. Brent crude futures fell slightly by 0.15% to $68.35 per barrel, while WTI futures dipped slightly by 0.12 to $64.44 per barrel. Tuesday's report that Transneft had warned Russian oil producers of possible production cuts due to the attacks sparked market concerns about supply disruptions. Meanwhile, European Commission President Ursula von der Leyen announced plans to accelerate the phase-out of fossil fuel imports from Russia. 3. The market generally expects the Federal Reserve to cut interest rates by 25 basis points at this meeting to stimulate the economy and boost fuel demand. IG analyst Tony Sycamore noted that investors are more focused on the number of members supporting a larger rate cut and Powell's subsequent policy signals. He believes that even if the rate cut goes ahead as planned, the rebound in risky assets like crude oil is likely to be short-lived. 4. In terms of inventory, data from the American Petroleum Institute (API) showed that U.S. crude oil and gasoline inventories fell last week, while distillate inventories rose. The market is waiting for official EIA data to confirm this. According to a survey, analysts expect EIA crude oil inventories to fall by about 900,000 barrels and gasoline inventories to rise slightly.

09:59:51

【Short-term operation suggestions for US crude oil: range fluctuation, short selling on rallies, buying on dips】 (1) Analysis reasons: Due to the rising tensions in the geopolitical situation, oil prices rebounded, and the API inventory showed a drop that exceeded expectations. If the EIA inventory data is in line with the decline expectations, it is expected to support oil prices to continue to rebound. It should be noted that the Federal Reserve’s interest rate decision is approaching, and the technical level has not yet broken through the key pressure range. Be careful of a high and then a fall, and wait for the direction to be selected. (2) Key points: geopolitical situation, global trade sentiment, inventory data, Federal Reserve interest rate decision (3) Resistance: 64.80, 65.30, 65.50 (4) Support: 64.00, 63.60, 63.30

08:00:41

Japan's Ministry of Finance: Crude oil imports in August fell 2.5% year-on-year; liquefied natural gas imports in August fell 6.5% year-on-year to 5.357 million tons

05:34:06

The British government said the United States has agreed to a technology prosperity agreement focusing on the development of technologies such as artificial intelligence, quantum technology and nuclear energy.

05:02:25

According to Baker Hughes, the two companies have reached an agreement to cooperate in the development of upstream oil fields in Iraq.

04:57:00

Fitch has affirmed Peru LNG's Issuer Default Rating (IDR) at 'B' with a stable outlook.

04:36:43

Data from the American Petroleum Institute (API) showed that U.S. API crude oil inventories fell by 3.42 million barrels last week, compared with an increase of 1.3 million barrels in the previous week.

04:07:20

International oil prices rose on the 16th. As of the close of the day, the price of light crude oil futures for October delivery on the New York Mercantile Exchange rose by $1.22 to close at $64.52 per barrel, an increase of 1.93%; the price of London Brent crude oil futures for November delivery rose by $1.03 to close at $68.47 per barrel, an increase of 1.53%.

03:43:57

Crude oil stocks generally rose today, with S&P 500 component Occidental Petroleum (OXY) rising 5.2%.

02:45:44

$68.47 per barrel is the settlement price of November Brent crude oil futures on the Intercontinental Exchange.

02:32:07

WTI October crude oil futures closed at $64.52 per barrel, and NYMEX October natural gas futures closed at $3.1030 per million British thermal units.

00:54:38

Nymex US crude oil futures rose 2.01% to $64.57 per barrel

00:18:20

U.S. crude oil broke through the 50-day moving average, with the upside target pointing to $66.03. Details>

23:47:12

The International Energy Agency (IEA) stated in its latest report that as production from existing oil fields declines at an accelerating rate, the world must continue to invest in oil and gas to maintain current production levels. According to the report, released on Tuesday, annual investment in upstream sectors, including exploration, drilling, and production, will need to reach approximately $540 billion by the end of 2050, compared to an estimated $570 billion this year. As early as 2021, the agency stated that investment in new oil, coal, and gas projects was unnecessary on the path to achieving net-zero emissions by mid-century. According to the IEA, if upstream investment in existing oil fields were halted, global daily production would decline by 5.5 million barrels per day over the next decade, equivalent to the combined annual output of Brazil and Norway. The Organization of the Petroleum Exporting Countries (OPEC) criticized the agency on Tuesday, saying its 2021 report and forecast of peak oil demand "discourage investment and increase uncertainty about long-term oil demand." The IEA said that without additional capital investment, oil and gas production in developed economies could fall by about 65% over the next decade, while the decline in the Middle East and Russia would be 45%. As a result, production from existing oil fields will become increasingly concentrated in OPEC+ members. "Global oil and gas supply will become more concentrated in a few countries in the Middle East and Russia, with implications for energy security," the IEA said.

23:41:10

The settlement price of the October UK natural gas futures contract on the Intercontinental Exchange was 79.30 pence per thermal unit.

23:34:07

China's INE crude oil futures have just broken through the 500.0 yuan/barrel mark and are currently trading at 500.1 yuan/barrel, up 1.63% on the day.

23:11:42

WTI crude oil rose 1.5% during the day to $63.71 per barrel, as investors focused on supply risks from Russia and the Middle East.

23:05:35

[The main contracts of domestic futures night trading closed with mixed gains and losses] The main contracts of domestic futures night trading closed with mixed gains and losses, low-sulfur fuel oil and fuel oil rose by more than 1%, rapeseed oil, cotton yarn and asphalt rose slightly; in terms of decline, iron ore, hot-rolled coil, rebar and soybean oil fell slightly.

21:54:27

U.S. Industrial Output Surprisingly Rebounded by 0.1% Month-Over-Month in August: (1) U.S. industrial output rose 0.1% month-over-month in August, exceeding market expectations for a 0.1% decline. The previous reading was revised from a 0.4% decline to a 0.3% decline. (2) Manufacturing output, which accounts for 78% of total industrial output, rose 0.2% month-over-month, compared with a previous reading of a 0.1% decline and market expectations of a 0.2% decline. (3) Mining output rose 0.9%, while the utility output index fell 2%, primarily due to a 2.3% drop in electricity output. (4) Natural gas utility output edged up 0.2%, but this was unable to offset the decline in the power sector. (5) Capacity utilization remained unchanged at 77.4%, 2.2 percentage points below the long-term average for 1972-2024.

21:32:42

[US Crude Oil Technical Analysis] Looking at the hourly WTI candlestick chart, the Bollinger Bands clearly indicate the market's momentum: the upper band is at 63.84, the middle band is at 63.31, and the lower band is at 62.79. The recent price has broken above the upper band and is trading near 64.00, forming a "close-fitting" pattern with the upper band, indicating strong short-term momentum. Over the past two days, the price has initially built an upward momentum from the low of 61.69, before encountering resistance near 63.95. Today's long-term bullish trend has pushed the price higher again, piercing the previous high. Regarding momentum indicators, the MACD is above zero, with a DIFF of 0.13, a DEA of 0.10, and a bar value of 0.06, indicating moderate expansion. This suggests a predominance of trend-based buying, but the slope is not extreme. If the subsequent bar shortens or even turns green, caution should be exercised for a pullback confirmation following a "false breakout." The relative strength index (RSI) (14) reading is 68.93, approaching the "overbought gate", showing signs of overheating in the short term. Combined with the K-line approaching the upper Bollinger band, it is easy to induce a mean reversion-style technical retracement. In terms of structure and price, if it can stabilize above 64.00 at the hourly closing level and break through with large volume, the bulls will target the space above 64.10, and further targets will be around 64.40. In terms of support, 63.36-63.31 (the dense area near the middle band) is the watershed between bulls and bears. If it falls below, it will open the window for a retracement to 62.89 and 62.79 (the lower Bollinger band); if it breaks below 62.79 and is accompanied by a MACD death cross and the RSI falls back below 50, the short-term trend will shift from the "edge of the rising channel" to the "consolidation-fallback" rhythm.

20:47:47

[Oil and Gas Production Decline Accelerates, Market Supply Faces a Critical Situation] ⑴ The latest data from the agency shows that global oil and gas field production is declining at an accelerating rate, with mature fields experiencing average annual production declines of 5.6% (conventional oil) and 6.8% (conventional natural gas), respectively. ⑵ This trend indicates a growing global reliance on shale oil and deepwater oil and gas resources, requiring companies to invest more to maintain current production levels. ⑶ The agency's executive director noted that nearly 90% of upstream investment is used annually to offset production losses from existing oil and gas fields, with only a small portion used to meet demand growth. ⑷ If upstream investment were halted, global oil supply would decline by 5.5 million barrels annually, equivalent to the combined production of Brazil and Norway, posing a severe challenge to the market and energy security. ⑸ The decline in natural gas production is also becoming increasingly significant, with annual losses increasing from 180 billion cubic meters to 270 billion cubic meters. (6) It is worth noting that the agency's previous report on clean energy policy has sparked some market concerns, and the Organization of the Petroleum Exporting Countries (OPEC) has criticized the agency's forecasts for suppressing investment and exacerbating market uncertainty. (7) OPEC emphasized that it has always advocated for timely investment in the oil industry to address declining production and meet growing demand.

20:35:56

Brent crude oil futures rose 1.01% to $68.09 per barrel

20:32:36

The main Nymex crude oil futures contract just broke through the $64.00/barrel mark, and was last at $64.01/barrel, up 1.12% on the day. The main U.S. unleaded gasoline futures contract just broke through the $1.9700/gallon mark, and was last at $1.9705/gallon, up 0.95% on the day. The main Brent crude oil futures contract just touched the $68.00/barrel mark, and was last at $68.00/barrel, up 0.88% on the day.

20:21:52

[Caixin Futures: Energy and Chemical Sector Fluctuates Strong, Geopolitical Risks Support Oil Prices] ⑴ OPEC+'s decision to increase oil production in October has been gradually digested by the market, and geopolitical factors have recently dominated crude oil market fluctuations. ⑵ Trump's threat of new economic sanctions against Russia, coupled with continued attacks on Russian refineries and oil depots by Ukraine, maintains a short-term geopolitical sentiment premium, and oil prices are expected to have limited downward momentum. ⑶ US sanctions on some terminal and storage operators, coupled with uncertainty in the Russia-Ukraine and Middle East situation, have led to a strong fuel oil price differential. We do not recommend an overly bearish outlook, and expect low-level fluctuations. ⑷ Sustained buying sentiment in the midstream glass market has led to slight adjustments in spot prices, but anti-involutionary measures and the spread of news regarding the 15th Five-Year Plan have driven upward fluctuations in the market. ⑸ Short-term premiums are high, so chasing highs is not recommended. However, given the seasonal improvement in glass demand in September and October, medium-term optimism is warranted, with a target entry range of 1200-1210. ⑹ The soda ash market is stabilizing, with prices firming. Some companies are raising prices slightly. The spot-futures basis shows a discount of 110 RMB for the Hebei 01 contract delivered to warehouses, and a discount of 95 RMB for deliveries to Shahe. ⑺ Although the long-term outlook is weak, the downstream glass market is currently strong, upstream coal costs are stabilizing, and anti-involution sentiment is resurfacing, leading to a significant rebound in the market. Given the weak basis, short-term buying is discouraged, with a focus on dips. ⑻ Liquid caustic soda sales in Shandong Province are sluggish, with major downstream purchase prices falling by 18 RMB. Most companies are accumulating inventory, and retail prices have dropped by 10-40 RMB. Other regions are currently stable. ⑼ Given the expectation of continued inventory replenishment before the National Day holiday at the end of the month and the continued high production of alumina, the outlook for the caustic soda market is optimistic. ⑽ The spot price of methanol in Taicang is 2,292 RMB, down 3 RMB month-on-month. Import supply remains high recently, and port inventory pressures may continue to increase, suppressing the market. ⑾ The market switches back and forth in trading logic during the period of high inventory at ports and expected peak season, and the market fluctuates widely. Considering the strong short-term commodity sentiment, methanol can be regarded as fluctuating strongly.

20:20:03

[Former Italian Prime Minister: US LNG prices to the EU are 60-90% higher than in the US] Former Italian Prime Minister and former European Central Bank President Mario Draghi stated that even taking into account logistics and regasification costs, US LNG prices to the EU remain 60-90% higher than in the US. At a conference commemorating the first anniversary of his submission of the EU competitiveness report to the European Commission, Draghi stated: "Europe has become the world's largest buyer of US LNG, with the EU committing to purchase US energy totaling $750 billion. Since March, LNG prices to Europe have been 60-90% higher than in the US, even taking into account logistics and regasification costs."

20:19:14

Nymex US crude oil futures rose 1.01% to $63.94 per barrel

20:16:23

Brent crude oil rose by $0.22 per barrel in the short term, reaching a high of $67.88 per barrel, while US crude oil rose by $0.25 per barrel in the short term, reaching a high of $63.91 per barrel.

20:14:49

[Russian Oil Pipeline Giant Limits Oil Storage; Production May Be Affected by "Quickest-Effective Sanctions"] ⑴ Russian oil pipeline monopoly Transneft is limiting oil storage within its system and has warned oil producers that it may have to cut production due to a series of drone attacks launched by Ukraine on key export ports and refineries. ⑵ Ukraine's escalating attacks on Russian energy facilities since August, aimed at hindering Russia's war effort and cutting its revenue stream, could ultimately force Russia, which accounts for 9% of global oil production, to cut production. ⑶ Ukrainian drones attacked at least 10 refineries, temporarily curtailing nearly one-fifth of Russia's refining capacity and damaging key Baltic ports such as Ust-Luga and Primorye. ⑷ Although Russian authorities have not publicly commented on the extent of the damage, Transneft, which handles over 80% of Russia's oil production, has restricted the ability of oil companies to store oil within its pipeline system and has stated that further damage to infrastructure could force it to accept less oil. (5) The attack poses a significant challenge to Russian oil production and exports, particularly given that Russia lacks the extensive oil storage capacity of major OPEC producers, potentially leading to a decline in production. (6) Institutional analysis indicates that Russia's ability to increase production is threatened by limited storage capacity, while refinery outages will also hinder production due to crude oil storage congestion. However, Asian buyers continue to demand Russian crude oil, and production is expected to decline only modestly.

19:56:41

[Goldman Sachs: Russia's oil production is expected to decline only slightly] Uncertainty related to the secondary tariffs on Russian crude oil supplies remains high, but Goldman Sachs expects Russia's oil production to decline only slightly. "Asian buyers continue to express their willingness to import Russian crude oil," said analysts. They pointed out that the greater risk comes from shrinking profits for producers and operational bottlenecks caused by existing sanctions. Goldman Sachs said that the Ukrainian drone attack has further exacerbated the risk - from August to September so far, the attack has caused Russia's refining capacity of about 300,000 barrels per day to stagnate. Analysts said that if refineries' crude oil processing volume declines and oil storage facilities or export channels reach their capacity limits, Russian upstream producers may be forced to cut production.

18:45:33

Asian marine fuel oil market sees mixed performance, with high-sulfur fuel oil under pressure and low-sulfur fuel oil rebounding strongly. (1) The Asian marine fuel oil market is experiencing divergent trends. The "hi-5" spread, a key indicator of the premium of very low-sulfur fuel oil (VLSFO) over high-sulfur fuel oil (HSFO), widened for the second consecutive trading day, signaling a recovery in the VLSFO market. The latest data shows this spread has closed at $77.50 per ton. (2) VLSFO spot market prices have recently shown strength, with cash spreads recovering and active spot trading. In contrast, HSFO spot spreads remain at a discount, lacking clear bullish drivers. (3) Regarding crack spreads, VLSFO crack spreads have strengthened, while HSFO crack spreads have stabilized. The Singapore October VLSFO crack spread closed at a premium of nearly $7 per barrel, while the 380-cst crack spread hovered around a discount of $5 per barrel. ⑷ Notably, marine fuel sales at the UAE's Fujairah Bunkering Hub increased for the second consecutive month in August, reaching a four-month high of approximately 644,000 metric tons. While high-sulfur fuel oil sales declined, low-sulfur fuel oil sales climbed significantly, coinciding with the widening of the "Hi-5" price differential. ⑸ In the international crude oil market, oil prices rose slightly on Tuesday, extending their previous upward trend. Market sentiment was influenced by geopolitical factors, including concerns about potential supply disruptions caused by the Russia-Ukraine conflict and expectations for the US Federal Reserve's interest rate decision. ⑹ In addition, there were reports that a sanctioned tanker unloaded Russian crude oil at an Indian port, despite the port's access ban on blacklisted vessels. Separate news reports indicate that Kuwait National Petroleum Corporation is seeking to revive a project related to crude oil pipeline leasing, while a major Italian oil refining company is considering acquisition by Azerbaijan's National Oil Company.

17:56:15

India's Petroleum Ministry Secretary: India is diversifying its LNG imports

16:43:52

Oil Prices Stable as Market Weighs Russian Supply Risks and Federal Reserve Decision: ⑴ Oil prices traded sideways on Tuesday, with Brent front-month contracts down 0.3% to $67.24 per barrel and West Texas Intermediate crude down 0.3% to $63.11 per barrel. The market simultaneously assessed supply risks posed by Ukrainian drone attacks on Russian refineries and expectations of a Federal Reserve rate cut. ⑵ Ukraine has recently intensified its attacks on Russian energy facilities. JPMorgan Chase notes that attacks on export terminals such as Primorsk would directly restrict Russia's ability to sell oil abroad and ripple through international markets, providing an upward catalyst for oil prices. ⑶ Goldman Sachs estimates that drone attacks have curtailed Russian refining capacity by approximately 300,000 barrels per day from August to this month. Despite high uncertainty surrounding secondary tariffs, Asian buyers remain willing to import Russian oil, and Russian production is expected to decline only modestly. ⑷ Investors also focused on the Federal Reserve meeting on Tuesday and Wednesday, with a 25 basis point rate cut widely expected. While low interest rates typically stimulate fuel demand, analysts remain cautious about the overall health of the US economy. ⑹ The market is betting on a decline in U.S. crude oil inventories last week, with official data due on Wednesday. Macquarie expects inventories to fall by 6.4 million barrels in the week ending September 12, reversing a 3.9 million barrel increase in the previous week.

16:40:03

Russia says its drones attacked a Ukrainian gas distribution station used by Ukrainian troops