Chinese refiners suspend October fuel exports, one cancels cargoes: Report
PetroChina canceled several October cargoes as Beijing kept exports limited to Hong Kong and Macau, with inventories near seven-year lows, traders said.
- On Thursday, oil prices surged as markets reacted to escalating Middle East tensions, with Brent crude rising 4.4% to $102.31 per barrel and U.S. West Texas Intermediate futures climbing 2.7% to $92.87.
- Washington reportedly deployed the USS Theodore Roosevelt to the Middle East, becoming the third aircraft carrier in the area, with Marine Corps ships and up to 10,000 additional troops expected in November.
- These deployments will add roughly 7,000 sailors and 2,000 to 3,000 Marines to the region, supplementing the USS George H.W. Bush and USS George Washington already stationed there.
- President Donald Trump is weighing whether to resume military action against Iran, following his rejection of a seven-day cease-fire proposal last week as midterm elections approach.
- U.S. markets climbed despite rising oil prices, with the S&P500 adding 0.19% while the Dow and Nasdaq eked out marginal gains; Jeff Kilburg, CEO of KKM Financial, told CNBC that "there's some fatigue in the bond market.
159 Articles
159 Articles
Are Americans Preparing for an Escalation? A Third Aircraft Carrier Is on Its Way to the Middle East
The US is moving more warships and thousands of soldiers to the Middle East, increasing pressure on Iran once again before the election.
Alexey Pushkov: According to the Israeli newspaper Jerusalem Post, Trump has decided to deploy a third aircraft carrier in the Persian Gulf region
According to the Israeli newspaper Jerusalem Post, Trump has decided to deploy a third aircraft carrier in the Persian Gulf region. Apparently, the situation for the United States there is so serious that Trump has to build up the US military power in...
The United States is sending more than 9,000 more troops and a third aircraft carrier to the Middle East. The AP reported on the planned move, saying it comes as US President Donald Trump has warned he could strike Iran again. On Thursday, the White House chief of staff suggested a possible link between the Iranian regime and Wednesday's incident on a FlyDubai plane, in which a co-pilot stabbed the pilot and tried to crash the plane heading to I…
China has one of the few pillows available to ease the global gas oil crisis. Chinese refineries are operating well below the maximum capacity and exports had begun to increase. But when the market needs more barrels, Beijing decided to stop sales abroad.
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