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At midday close, China’s main futures front-month contracts were mixed. Silver fell over 3%; live hogs and coke dropped more than 2%. Fuel oil and ethylene glycol (EG) rose over 4%; synthetic rubber and benzene gained nearly 4%; Liquefied petroleum g

2026-07-13

At midday close, China’s main futures front-month contracts were mixed. Silver fell over 3%; live hogs and coke dropped more than 2%. Fuel oil and ethylene glycol (EG) rose over 4%; synthetic rubber and benzene gained nearly 4%; Liquefied petroleum gas (LPG) climbed over 3%.

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2026-07-12

Iraq’s prime minister will visit Washington on Monday to deepen strategic ties and is expected to sign oil and gas agreements as part of the broader economy, trade and investment cooperation. Government spokesman Hader Abadi said the deals will inclu

Iraq’s prime minister will visit Washington on Monday to deepen strategic ties and is expected to sign oil and gas agreements as part of the broader economy, trade and investment cooperation. Government spokesman Hader Abadi said the deals will include multiple MOUs and Baghdad is preparing to bring in several US companies to boost oil production capacity. Iraq’s state news agency quoted Abadi saying the agreements will seek alternative export routes to reduce Iraq’s exposure to disruptions in the Strait of Hormuz. Amid heightened US‑Iran military tensions, Iraq is seeking to balance ties with Tehran and Washington; Strengthening Iraqi armed forces will also be discussed in Washington.
2026-07-13

Incoming UK prime minister Andy Burnham is weighing a larger-than-usual budget later this year, with allies and advisers pushing proposals including a land tax, utilities nationalization and more ambitious devolution. Burnham is expected to replace S

Incoming UK prime minister Andy Burnham is weighing a larger-than-usual budget later this year, with allies and advisers pushing proposals including a land tax, utilities nationalization and more ambitious devolution. Burnham is expected to replace Starmer on July 20. Treasury officials, after initial team consultations, are considering combining the annual budget (normally in Oct/Nov) with the departmental spending review, which are usually separate. Chancellor Reeves moved last year to set department budgets a year early to boost education and health funding. Officials say accelerating spending decisions would help Burnham lock in policy priorities ahead of the 2029 election and map a clearer route to his pledged 3.5% of GDP defense target, but would compress timetables and increase pressure on future chancellors amid near-term spending uncertainty.
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