Express News | Institution: The extent of global central bank policy tightening may be fairly limited.

BreakingsMay 17 22:12

Express News | Iranian Foreign Ministry: The US and Israel Use 'Maintaining Energy Stability' as an Excuse to Justify War Against Iran

BreakingsMay 17 18:41

The trade deficit in April widened more than expected.

India's trade deficit in April widened more than expected, reaching $28.383 billion, driven by increased imports and rising prices of petroleum products. Additionally, the prolonged conflict in Iran has led to a rise in oil prices, causing both the consumer price index (CPI) and producer price index (PPI) for the month to accelerate faster than anticipated.

Fisco JapanMay 17 06:37

Veteran Commodity Trader: The U.S. stock market is like 'children rushing to the beach,' oblivious to 'the shark fin gliding in the distance.' The essence of AI computing power is akin to oil.

Jeff Currie, former head of commodities research at Goldman Sachs, warned that Wall Street is ignoring danger akin to the "children on the beach" in the movie Jaws: diesel inventories are nearing critical levels, spot markets are already signaling shortages, yet the U.S. stock market remains engrossed in the AI-driven rally. He emphasized that the essence of AI computing power still relies on "diesel and natural gas," and once an energy crisis erupts, oil prices, energy stocks, and the valuation framework of U.S. equities will all face forced recalibration.

wallstreetcnMay 16 18:43

Energy & Utilities Roundup: Market Talk

WSJMay 16 16:20

Shanghai Shipping Exchange: Crude oil freight rates remain volatile at high levels.

According to the weekly report on China's foreign trade oil tanker transportation market released by the Shanghai Shipping Exchange on May 16th by Gelonghui, global commercial crude oil inventories may continue to decline in the coming months, thereby supporting international oil prices at high levels. Saudi Arabia stated that its crude oil production has dropped to the lowest level since 1990, compounded by geopolitical risks in the Middle East, further strengthening expectations of a tight supply in the oil market. This week, Brent crude oil futures prices rose, and freight rates for VLCC-type tankers in the global crude oil shipping market remained volatile at high levels, while freight rates for China’s VLCC import market fluctuated at elevated levels.

Gelonghui FinanceMay 16 12:51