[US diplomats reiterate Greenland's right to self-determination, geopolitical game stirs up waves again] ⑴ In response to the Danish intelligence report that US citizens attempted to influence Greenland's political sentiment, the US Charge d'Affaires in Denmark met with Danish and Greenlandic officials in Copenhagen on Wednesday. ⑵ The US State Department subsequently issued a statement saying that the meeting was productive and reiterated that the United States is committed to building a strong relationship with Denmark and Greenland. ⑶ The statement emphasized that the United States respects the right of the Greenlandic people to determine their own future. ⑷ Although the US government stated that it does not control or direct the behavior of ordinary citizens, the background of this incident is that Trump's tariff remarks had previously caused market concerns, and he had repeatedly expressed his intention to acquire Greenland for strategic purposes. ⑸ In response, Greenland's Prime Minister Nielsen said: "We are partners, we are allies, we hope to apply the rules of the diplomatic game, and hope that international law and sovereignty will be respected."

Singapore's Oil Product Inventories Unexpectedly Decline: Surge in Exports Drives Market Changes (⑴) Official data from Singapore shows that middle distillate inventories fell for the first time in over a month. Total inventories, including diesel, jet fuel, and kerosene, fell to 9.33 million barrels in the week ending August 27, down from 9.697 million barrels the previous week. (⑵) The inventory decline was primarily driven by a significant increase in net exports. Net exports of diesel and gasoline surged more than fourfold month-over-month, primarily driven by strong exports to Australia and Malaysia. (⑶) Despite a slowdown in total import growth, imports from South Korea and India increased. (⑷) Looking ahead, shipping data indicates that at least two cargoes from China are expected to arrive in Singapore in the coming week, with more crude oil from India expected to arrive by the end of the month. (⑸) Traders expect cargoes from Northeast Asia to continue to divert to the Singapore market in the first half of September due to weak demand in other regions, including due to weather-related factors. (⑹) In addition, net exports of jet fuel also increased by 10% month-over-month, primarily due to insufficient total imports. ⑺ Aviation fuel imports are expected to remain strong in September, especially exports from China, which will continue to be active. The industry estimates that exports may reach about 2.4 million tons.

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