News

Market news: BP joins Venezuelan oil trade to challenge the dominance of Trafigura and Vitol.

Imperial Oil's Sasnia plant in Canada reported that workers are addressing an operational issue that has caused an increase in flare fire. Maintenance work is underway, and the increased flare fire is expected to continue for several days.

EU spokesperson: Apple (AAPL.O) will implement the changes in October 2026.

An EU spokesperson stated that these changes are expected to allow app developers to choose from multiple app distribution channels. The EU will monitor the effective implementation of the new provisions.

EU spokesperson: Developers will have greater freedom to guide app store users to use alternative platforms and payment systems.

EU spokesperson: The European Commission welcomes Apple's (AAPL.O) changes to the terms of its iPhone and iPad alternative app distribution business.

Apple (AAPL.O) has introduced new safety features for users under 18, including parental controls for alternative payment methods and blocking website transaction links in children's apps.

According to Nikkei: Japan is preparing for Trump to make demands on defense and the yen ahead of the US midterm elections.

According to Interfax news agency, Russian President Vladimir Putin said that Russia and Myanmar have discussed hydrocarbon production.

According to Interfax news agency, Russian President Vladimir Putin said that Russia and Myanmar have discussed the construction of an oil refinery.

The German DAX 30 index closed down 238.91 points, or 0.91%, at 26,130.75 on Tuesday, August 18th; the UK FTSE 100 index closed up 5.09 points, or 0.05%, at 10,725.39 on Tuesday, August 18th; the FCHI index closed down 70.24 points, or 0.82%, at 8,509.36 on Tuesday, August 18th; the Eurozone... The Stoxx 50 index closed down 61.60 points, or 0.94%, at 6468.85 on Tuesday, August 18; the Spanish IBEX 35 index closed down 52.08 points, or 0.26%, at 19929.82 on Tuesday, August 18; and the Italian FTSE MIB index closed down 554.98 points, or 1.04%, at 53032.00 on Tuesday, August 18.

Sources say Russia is diverting Kazakh oil exports from Ust-Luga to Novorossiysk in order to transport more of its own oil through Baltic ports.

US Treasury auction for the six weeks ending August 18 - winning interest rate allocation percentage: 37.04%, previous value: 2.86%.

US Treasury auction for the six weeks ending August 18 - bid-to-cover ratio 2.97, compared to 2.93 previously.

The US Treasury auction for the six weeks ending August 18th yielded a winning bid of 3.645%, compared to 3.67% previously.

New Zealand's global dairy trade price index for August 4 was 2.3%, compared to 0.1% previously.

Shares of U.S. energy distribution company UGI rose 11.3% after KKR Group made a $9 billion takeover bid.

Sources say KKR has offered to acquire UGI, a Pennsylvania-based U.S. energy distribution company, for $42.50 per share.

Statoil: The deal marks Equinor's entry into the Namibian market, and the license gives the company access to an exploration target that is ready for drilling, with testing planned for 2026.

Statoil: It has signed an agreement with Chevron’s Namibian subsidiary, Harmattan Energy Limited, to acquire a 17.4% participating interest in Oil Exploration License No. 90 (PEL 90) in the Orange Basin offshore Namibia.