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U.S. EIA gasoline inventories for the week to May 29 rose 3.364 mln barrels vs. an expected draw of 0.513 mln barrels; prior week was a draw of 2.572 mln barrels.

2026-06-03

U.S. EIA gasoline inventories for the week to May 29 rose 3.364 mln barrels vs. an expected draw of 0.513 mln barrels; prior week was a draw of 2.572 mln barrels.

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2026-06-03

European Commission says it will analyze preliminary findings of US investigation.

European Commission says it will analyze preliminary findings of US investigation.
2026-06-03

Tianfeng Securities says China’s coal market is looser than in 2021–22, making a large coal-driven rise in the coal-to-oil price ratio unlikely. Geopolitical risk around the US–Iran conflict is uncertain; even if tensions ease, oil supply shortfalls

Tianfeng Securities says China’s coal market is looser than in 2021–22, making a large coal-driven rise in the coal-to-oil price ratio unlikely. Geopolitical risk around the US–Iran conflict is uncertain; even if tensions ease, oil supply shortfalls are unlikely to be restored quickly and the oil-price baseline may not return to pre-conflict levels in the short term. A fall in the coal-to-oil ratio would widen downstream spreads for coal-to-chemicals; together with likely slower capacity growth during the 15th Five-Year Plan, coal-to-chemicals profitability may enter an upcycle.
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