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At an Aug. 4 briefing the China Meteorological Administration said 6–7 typhoons are expected to form in the northwest Pacific and South China Sea in August, above the 5.6 seasonal average; 2–3 are likely to make landfall or noticeably affect China, c

2026-08-04

At an Aug. 4 briefing the China Meteorological Administration said 6–7 typhoons are expected to form in the northwest Pacific and South China Sea in August, above the 5.6 seasonal average; 2–3 are likely to make landfall or noticeably affect China, close to the 2.3 average. Overall intensity is expected to be stronger than normal, with a risk of strong typhoons tracking north and impacting northern China.

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2026-08-04

Ship-tracking data and foreign reports show four crude tankers loaded at a Black Sea-area terminal crucial for Kazakh exports over the past few days; two of those vessels have departed waters off the Russian CPC (Caspian Pipeline Consortium) terminal

Ship-tracking data and foreign reports show four crude tankers loaded at a Black Sea-area terminal crucial for Kazakh exports over the past few days; two of those vessels have departed waters off the Russian CPC (Caspian Pipeline Consortium) terminal since last Friday. At least three additional tankers are waiting to load, status unclear. Continued loading via CPC should provide some near-term relief to global crude supply; the CPC system moves Kazakh volumes produced in JVs with majors including Chevron and normally accounts for about 2% of global supply. Kazakhstan is the second-largest crude supplier to Europe. Kazakh authorities said over the weekend producers are still delivering crude to the terminal but flows remain below normal. The terminal is prepared to load at pre-attack rates, though export throughput will depend on available tonnage and weather conditions.
2026-08-04

The U.S. Commodity Futures Trading Commission (CFTC) has ordered UBS to pay an $8 million fine due to oversight failures related to its anti-money laundering transaction monitoring system.

The U.S. Commodity Futures Trading Commission (CFTC) has ordered UBS to pay an $8 million fine due to oversight failures related to its anti-money laundering transaction monitoring system.
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