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National Bureau of Statistics: Crude oil production remained stable. In June, crude oil production from enterprises above designated size reached 18.12 million tons, a year-on-year decrease of 0.5%; the average daily output was 604,000 tons.

2026-07-15

National Bureau of Statistics: Crude oil production remained stable. In June, crude oil production from enterprises above designated size reached 18.12 million tons, a year-on-year decrease of 0.5%; the average daily output was 604,000 tons.

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2026-07-14

Nick Timiraos said June CPI gave Fed chair Kevin Walsh room entering a two-day congressional testimony, his first Hill appearance since April confirmation. Softer-than-expected inflation allows Walsh to stick to his written testimony, avoid fresh for

Nick Timiraos said June CPI gave Fed chair Kevin Walsh room entering a two-day congressional testimony, his first Hill appearance since April confirmation. Softer-than-expected inflation allows Walsh to stick to his written testimony, avoid fresh forward guidance and protect FOMC consensus without being boxed in. Timiraos notes Walsh favors responding to data rather than pre-feeding markets; he can endure lengthy questioning while using prepared language on tariffs, AI investment and whether policy remains restrictive — stressing price stability — which reduces the likelihood the hearings produce new market-moving policy signals.
2026-07-15

Sources say the Salavat petrochemical complex in Russia has ceased operations following a Ukrainian drone attack on Tuesday.

Sources say the Salavat petrochemical complex in Russia has ceased operations following a Ukrainian drone attack on Tuesday.
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