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2026-05-28 Thursday

2026-05-30

12:17:58

[International Energy Agency: Natural Gas Investment Expected to Hit a 10-Year High This Year, Oil Investment May Decline for the Third Consecutive Year] 1. The International Energy Agency (IEA) stated in its latest report that, influenced by the impact of the Iran war on the global energy market, energy companies are accelerating their expansion in other regions. Global natural gas project investment is projected to grow by over 10% in 2026, reaching $330 billion, the highest level in a decade. 2. Meanwhile, upstream oil investment may decline for the third consecutive year. To strengthen supply security, companies are increasing spending on renewable energy, liquefied natural gas (LNG), and coal. 3. The report shows that despite the continued instability in the Middle East, total global energy investment will still grow by 5% in 2026, reaching $3.4 trillion. Of this, approximately $2.2 trillion will be invested in renewable energy, energy storage facilities, grid upgrades, and low-emission fuels. 4. Investment in oil supply is expected to be less than $500 billion. The growth in natural gas investment mainly comes from US LNG projects, but the current crisis has prompted Asian importers to be more cautious about their reliance on natural gas. 5. Coal investment is expected to rise to $180 billion, a 14-year high. Nuclear energy investment is also showing signs of recovery, and is expected to reach $80 billion this year. 6. Oil and gas investment in the Middle East is projected to decline by 1% in 2026, mainly due to factors such as infrastructure damage, reduced revenue, and production disruptions, significantly weakening capital deployment capacity.

10:41:49

[US Strikes Iranian Facility Escalate Geopolitical Risks, Oil Prices Rise by About 2%] 1. International oil prices rose by about 2% in early trading on Thursday. Brent crude futures for July delivery rose as much as 2.3% to $96.50 per barrel, while WTI crude futures for July delivery rose as much as 2.27% to $90.69 per barrel. This followed reports that the US had launched a new round of strikes against an Iranian military facility overnight, further escalating tensions in the Middle East, despite ongoing negotiations between the two sides to end the three-month-long conflict. 2. Oil prices had fallen sharply by more than 5% in the previous trading day, hitting a one-month low, influenced by news that the US and Iran might reach an agreement to end the conflict and reopen the Strait of Hormuz. 3. However, on Thursday morning Beijing time, according to US officials, the US military targeted a military facility in Iran and shot down four Iranian drones operating near the Strait of Hormuz, which were considered a threat to the region. This provided upward momentum for oil prices. 4. ANZ commodity strategist Daniel Hynes pointed out that crude oil supply remains tight, and key disputes have not yet been resolved. 5. Market news indicates that, according to data from the American Petroleum Institute (API), U.S. crude oil inventories decreased by 2.8 million barrels in the week ending May 22. Official inventory data from the U.S. Energy Information Administration (EIA) will be released later on Thursday.

10:00:03

New Zealand's OBEGAL operating balance forecast for January

Previous : -169.30 Forecast : -

Published Value -150.60

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10:00:03

New Zealand's January budget cash balance

Previous : -148 Forecast : -

Published Value -93.10

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10:00:02

New Zealand's net debt-to-GDP ratio forecast for January

Previous : 43.30% Forecast : -

Published Value 42.40%

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Real-Time Popular Commodities

Instrument Current Price Change

XAU

4539.78

44.19

(0.98%)

XAG

75.274

-0.343

(-0.45%)

CONC

87.76

-1.14

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OILC

91.59

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USD

98.932

-0.077

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EURUSD

1.1660

0.0001

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GBPUSD

1.3456

0.0001

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USDCNH

6.7632

0.0001

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