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Crude oil futures contracts fell sharply, with SC crude oil down 5.73% to 685.1 yuan/barrel. Low-sulfur fuel oil (LU) fell 3.86% to 5811 yuan/ton. Fuel oil fell 6.27% to 4619 yuan/ton. Asphalt reversed its gains and fell to 4900 yuan/ton.

2026-10-20

Crude oil futures contracts fell sharply, with SC crude oil down 5.73% to 685.1 yuan/barrel. Low-sulfur fuel oil (LU) fell 3.86% to 5811 yuan/ton. Fuel oil fell 6.27% to 4619 yuan/ton. Asphalt reversed its gains and fell to 4900 yuan/ton.

Other News
2026-10-20

President Trump announced the USDA will launch a new Harvest Season Diesel Relief Program providing $8 billion to farmers to offset diesel costs during this harvest season. He said a Republican victory would allow the administration to seek additiona

President Trump announced the USDA will launch a new Harvest Season Diesel Relief Program providing $8 billion to farmers to offset diesel costs during this harvest season. He said a Republican victory would allow the administration to seek additional funding.
2026-10-20

Reserve Bank of India (RBI) has tightened scrutiny of large outbound corporate investments to curb capital outflows amid rupee weakness. Last week the RBI sent banks a standardized due-diligence checklist seeking details on overseas direct investment

Reserve Bank of India (RBI) has tightened scrutiny of large outbound corporate investments to curb capital outflows amid rupee weakness. Last week the RBI sent banks a standardized due-diligence checklist seeking details on overseas direct investments above $1.0bn and on transactions exceeding four times the investee's net worth (the regulatory cap). The rupee is down over 5% YTD amid strong dollar demand and outflows. The step follows earlier tightening of corporate FX-hedging rules and measures to limit importers’ dollar purchases; the RBI has not introduced new formal limits on such outbound investments.
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