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U.S. gasoline inventories for the week ending August 7 were -1.531 million barrels, compared to an expected decrease of 1.578 million barrels and a previous reading of 156,000 barrels.

2026-08-12

U.S. gasoline inventories for the week ending August 7 were -1.531 million barrels, compared to an expected decrease of 1.578 million barrels and a previous reading of 156,000 barrels.

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2026-08-11

UK Maritime Trade Operations said it has reclassified the vessel involved in the Gulf of Oman incident from an oil tanker to a container ship.

UK Maritime Trade Operations said it has reclassified the vessel involved in the Gulf of Oman incident from an oil tanker to a container ship.
2026-08-11

UBS points out that the next driving force for agricultural products may no longer be solely changes in demand, but rather a resurgence of weather risks. The report cites forecasts stating that the current El Niño event has an 81% probability of dev

UBS points out that the next driving force for agricultural products may no longer be solely changes in demand, but rather a resurgence of weather risks. The report cites forecasts stating that the current El Niño event has an 81% probability of developing into an "extremely strong" or "super strong" level by the end of this year, and a 97% probability of continuing into next year. This means that if El Niño continues to strengthen, some agricultural regions globally may face more pronounced abnormal rainfall, droughts, or temperature fluctuations, thereby increasing uncertainty on the supply side of agricultural products. Based on this, UBS believes that agricultural commodities have potential for future price increases, with the core logic shifting from stronger consumption to weather factors once again dominating the supply-demand balance.
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