Energy:
1. Indian retailers raised fuel prices for the fourth time in May.
2. A liquefied natural gas (LNG) carrier bound for India transited the Strait of Hormuz.
3. ADNOC is reportedly continuing to transport energy cargo through the Strait of Hormuz.
4. The first Japanese oil tanker to arrive in Japan via the Strait of Hormuz since the US-Israel-Iran conflict.
5. Market news: Uganda will expand the storage capacity of its state-owned fuel reserves to 40 million liters.
6. UAE Presidential Advisor Anwar: Leaving OPEC is a decision the UAE has been considering for the past three years.
7. Kazakhstan's national oil and gas company: First-quarter oil production fell 12% year-on-year to 5.6 million tons.
8. Market news: The Intercontinental Exchange (ICE) and ETCOM will launch perpetual futures contracts for Brent and WTI crude oil.
9. Australia plans to expand its domestic LNG supply guarantee, requiring LNG producers to retain 20% of their exports for domestic use. This policy is expected to apply to all projects and existing contracts. Other:
1. Iranian media reports that Iran and the US have not yet reached a final memorandum of understanding.
2. US media: The US and Iran have reached an agreement on the full opening of the Strait of Hormuz.
3. US Secretary of State: The US and Iran have a "credible solution" on opening the Strait and the Iranian nuclear issue. A potential agreement with Iran could still be signed as early as Monday.
4. European Council: The EU has decided to suspend tariffs on nitrogen-based fertilizers used in agriculture for one year.
5. World Steel Association: Global crude steel production in April fell 1.9% year-on-year to 153.4 million tons, while China's crude steel production fell 2.8% year-on-year to 83.6 million tons.
