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U.S. EIA refined product imports for the week ending August 7 were 206,000 barrels per day, compared to a previous reading of -317,000 barrels per day.

2026-08-12

U.S. EIA refined product imports for the week ending August 7 were 206,000 barrels per day, compared to a previous reading of -317,000 barrels per day.

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2026-08-12

Three rate hikes and a real interest rate of 2.4%, yet gold prices remain stagnant? The market is actually paying the price for a "credit tax"! With Trump's strategy against the Fed changing this year, gold buying has already factored in a new elemen

Three rate hikes and a real interest rate of 2.4%, yet gold prices remain stagnant? The market is actually paying the price for a "credit tax"! With Trump's strategy against the Fed changing this year, gold buying has already factored in a new element! Click to see a detailed analysis.
2026-08-12

OPEC's monthly report shows July refining margins at the three major hubs (US Gulf, Rotterdam, Singapore) rose sharply to multi-year highs. Rotterdam margins surged $17.88/bbl MoM to $42.13/bbl, the largest monthly rise; US Gulf margins reached $45.7

OPEC's monthly report shows July refining margins at the three major hubs (US Gulf, Rotterdam, Singapore) rose sharply to multi-year highs. Rotterdam margins surged $17.88/bbl MoM to $42.13/bbl, the largest monthly rise; US Gulf margins reached $45.70/bbl, the highest since Oct 2022. The report attributes the margin expansion to a rebound in middle-distillate (diesel) cracks after East European refinery outages, Russia's diesel export ban and Middle East geopolitical tensions tightened global diesel supply.
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