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According to Interfax news agency, citing authorities, a Ukrainian drone attack caused a fire at an oil depot in Sochi, a port city on Russia's Black Sea coast.

2026-09-04

According to Interfax news agency, citing authorities, a Ukrainian drone attack caused a fire at an oil depot in Sochi, a port city on Russia's Black Sea coast.

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2026-09-04

Hong Kong stocks opened higher, with the Hang Seng Index up 1.20% and the Hang Seng Tech Index up 1.46%. Chip, non-ferrous metals, and leading tech stocks were among the top gainers. Zijin Mining International (02259.HK) rose more than 4%.

Hong Kong stocks opened higher, with the Hang Seng Index up 1.20% and the Hang Seng Tech Index up 1.46%. Chip, non-ferrous metals, and leading tech stocks were among the top gainers. Zijin Mining International (02259.HK) rose more than 4%.
2026-09-03

Goldman Sachs says as Venezuelan output recovers and more barrels shift from China to the US Gulf Coast, regional heavy-crude supply/demand will change first. The most immediate market impact is likely on heavy vs light price differentials, which wou

Goldman Sachs says as Venezuelan output recovers and more barrels shift from China to the US Gulf Coast, regional heavy-crude supply/demand will change first. The most immediate market impact is likely on heavy vs light price differentials, which would favor Gulf Coast refineries able to process heavier grades. Large refiners with heavy-processing capability — Marathon Petroleum, Valero and Phillips 66 — should gain feedstock optionality, Goldman adds. Renewed Venezuelan heavy exports will also increase competition for Canadian heavy crude; Goldman says that effect is already partly reflected in valuations of some Canadian oil companies.
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