News

Swiss Government: With the U.S. tariff ceiling set at 15%, U.S. trade-weighted average tariffs on Swiss products will fall by about 10%.

Swiss Government: Looking for further exemptions.

Swiss Government: The United States will eliminate general additional tariffs on aircraft, some aviation products, cosmetics and generic drugs.

Bank of Canada Governor Macklem: Don’t interpret higher GDP as stronger demand.

Bank of Canada Governor Macklem: We really need to diversify trade.

Bank of Canada Governor Macklem: The central bank expects the economy’s spare capacity to be absorbed “slowly.”

EIA report: U.S. Strategic Petroleum Reserve (SPR) inventories increased by 200,000 barrels to 411.9 million barrels in the week to December 5, an increase of 0.1%

The EIA Strategic Petroleum Reserve inventory in the United States for the week to December 5 was 248,000 barrels, compared with the previous value of 250,000 barrels.

EIA distillate fuel production extended demand data in the United States for the week to December 5 was 5.2546 million barrels per day, compared with the previous value of 4.9469 million barrels per day.

The EIA total automotive gasoline production extended demand data in the United States for the week to December 5 was 9.5413 million barrels per day, compared with the previous value of 9.572 million barrels per day.

The EIA refinery equipment utilization rate in the United States for the week ending December 5 was 94.5%, compared with the expected 94.4% and the previous value of 94.1%.

EIA refined oil production in the United States in the week to December 5 was 380,000 barrels per day, compared with the previous value of 53,000 barrels per day.

EIA gasoline production in the United States for the week to December 5 was -178,000 barrels/day, compared with the previous value of 197,000 barrels/day.

The United States imported 67,000 barrels/day of EIA refined oil products in the week to December 5, compared with the previous value of 58,000 barrels/day.

EIA heating oil inventories in the United States for the week to December 5 were 442,000 barrels, compared with the previous value of -293,000 barrels.

EIA crude oil production in the United States in the week to December 5 was -16,000 barrels per day, compared with the previous value of 433,000 barrels per day.

EIA gasoline inventories in the United States for the week to December 5 were 6.397 million barrels, compared with expectations of 2.764 million barrels and the previous value of 4.518 million barrels.

EIA reformulated gasoline inventories in the United States for the week to December 5 were -40,000 barrels, compared with the previous value of 00,000 barrels.

EIA refined oil inventories in the United States for the week to December 5 were 2.502 million barrels, compared with expectations of 1.943 million barrels and the previous value of 2.059 million barrels.

The U.S. Energy Information Administration failed to release its weekly crude oil report on time for the second consecutive week.