News

Russian Deputy Prime Minister Novak: We have set a cap on commodity trading fuel prices.

Russian Deputy Prime Minister Novak: Some refineries were damaged due to terrorist attacks on energy facilities.

Russian Deputy Prime Minister Novak: Gasoline production has been cut.

Market news: American electric vehicle company Rivian will reportedly allocate 75% of its stock offering to 10 investment institutions.

Market news: Russian President Vladimir Putin is holding a meeting with members of the Russian government to discuss issues related to the fuel complex.

US President Trump: No one can obtain Iranian uranium except the United States.

US President Trump: No one helps Israel like me.

US President Trump: Erdogan and Netanyahu cannot reach consensus.

U.S. President Trump: Lebanon and Israel are doing a “great job” in trying to sign the deal.

US President Trump: I think Israel will withdraw its troops from southern Lebanon.

US President Trump: Every time we attack Iran, oil prices go up, and that’s okay. Oil prices may rise slightly in the future.

Trump's push for Ukraine to independently produce advanced weapons such as "Patriot" and "Tomahawk" means that the U.S. aid model to Ukraine is shifting from direct financial support to a military outsourcing model of "technology authorization + supply chain export". The biggest impact of this change is the re-evaluation of the business logic of military industrial enterprises. In the past, U.S. military industry giants mainly relied on government purchase orders, but the technology licensing model can further expand overseas markets, increase the proportion of overseas revenue through weapons system authorization, core component supply and long-term maintenance services, and shift from a single order model to more stable global military industry ecological benefits. At the same time, This arrangement also sends a signal: the market’s previous expectations for a quick end to the Russia-Ukraine conflict may be adjusting. Allowing Ukraine to establish independent production capabilities means that the United States is preparing for longer-term military support and regional security needs, and the logic of European defense spending and military investment may continue to strengthen. For financial markets, geopolitical risks are shifting from short-term event impacts to long-term industrial and fiscal structural changes. Funds may reassess European security assets, defense sectors and defensive assets related to energy and resources.

US President Trump: (on Spain) We will see what happens with the EU.

The U.S. EIA Strategic Petroleum Reserve inventory for the week to July 3 was the lowest since the week of April 29, 1983.

The EIA Strategic Petroleum Reserve inventory in the United States for the week to July 3 was -6.166 million barrels, compared with the previous value of -5.536 million barrels.

The U.S. EIA refinery equipment utilization rate for the week to July 3 was 95.8%, expected to be 96.5%, and the previous value was 96.6%.

EIA refined oil production in the United States for the week to July 3 was -01,000 barrels per day, compared with the previous value of -42,000 barrels per day.

In the United States, EIA reformulated gasoline inventories for the week to July 3 were 00,000 barrels, compared with the previous value of -0.6 million barrels.

EIA gasoline production in the United States for the week to July 3 was -233,000 barrels/day, compared with the previous value of 481,000 barrels/day.

EIA Cushing, Oklahoma, crude oil inventories in the United States for the week to July 3 were -52,000 barrels, compared with the previous value of 709,000 barrels.