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A report jointly released by the European Union Institute for Security Studies and the French think tank Institut Montaigne indicates that Europe is facing a "gloomy future" due to factors such as dependence on US technology and structural weaknesses

2026-07-02

A report jointly released by the European Union Institute for Security Studies and the French think tank Institut Montaigne indicates that Europe is facing a "gloomy future" due to factors such as dependence on US technology and structural weaknesses in the European domestic chip industry.

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2026-07-02

China's Central Meteorological Observatory said the ninth named storm of the season, Bavi (tropical-storm intensity), formed on July 2. At 08:00 its center was at 11.0°N, 160.1°E — about 1,620 km ESE of Guam. Central pressure 998 hPa; max winds near

China's Central Meteorological Observatory said the ninth named storm of the season, Bavi (tropical-storm intensity), formed on July 2. At 08:00 its center was at 11.0°N, 160.1°E — about 1,620 km ESE of Guam. Central pressure 998 hPa; max winds near the center 18 m/s (~35 kt); 7-level wind radius 180–280 km. Bavi is moving WNW at ~20 km/h and is expected to gradually strengthen and could reach super-typhoon strength (58–65 m/s, 17+ level). The observatory said Bavi will not affect Chinese waters over the next six days but will tend toward China's southeast coast after July 9.
2026-07-01

1. U.S. EIA Strategic Petroleum Reserves for the week ending June 26 were at their lowest level since the week ending May 20, 1983. 2. U.S. Commercial crude oil inventories, excluding strategic reserves, for the week ending June 26 were at their low

1. U.S. EIA Strategic Petroleum Reserves for the week ending June 26 were at their lowest level since the week ending May 20, 1983. 2. U.S. Commercial crude oil inventories, excluding strategic reserves, for the week ending June 26 were at their lowest level since the week ending September 28, 2018. 3. U.S. domestic crude oil production for the week ending June 26 saw its largest decline since the week ending May 1, 2026. 4. U.S. crude oil exports for the week ending June 26 were at their lowest level since the week ending March 27, 2026.
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