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2026-06-02

Goldman Sachs commodity research co-head Daan Struben said US diesel inventories could fall to a critical roughly 20 days’ supply by August if commercial crude stocks keep declining at recent rates while the Strait of Hormuz is effectively closed. He

Goldman Sachs commodity research co-head Daan Struben said US diesel inventories could fall to a critical roughly 20 days’ supply by August if commercial crude stocks keep declining at recent rates while the Strait of Hormuz is effectively closed. He said US oil stocks have registered the largest eight-week drop on record and diesel inventories are at their lowest since 2003. Conflict involving Iran has cut Persian Gulf shipments through the Strait to near zero, forcing millions of barrels of output offline. US refineries can bridge the gap by drawing down stocks, but a prolonged disruption would tighten the market sharply. EIA data show diesel coverage was about 28 days in the week to May 22, down from roughly 36 days at end-January.
2026-06-02

The Kremlin says Russian President Putin will deliver a major speech at the plenary session of the St. Petersburg International Economic Forum.

The Kremlin says Russian President Putin will deliver a major speech at the plenary session of the St. Petersburg International Economic Forum.
2026-06-02

Kremlin: Russian President Vladimir Putin will deliver an important speech at the plenary session of the St. Petersburg International Economic Forum.

Kremlin: Russian President Vladimir Putin will deliver an important speech at the plenary session of the St. Petersburg International Economic Forum.
2026-06-02

Inner Mongolia Party Secretary Wang Weizhong and regional government chairman Bao Gang met Huawei SVP Ren Shulu in Hohhot on June 2, urging Huawei to deepen strategic cooperation with the region and accelerate construction of a Huawei Cloud data cent

Inner Mongolia Party Secretary Wang Weizhong and regional government chairman Bao Gang met Huawei SVP Ren Shulu in Hohhot on June 2, urging Huawei to deepen strategic cooperation with the region and accelerate construction of a Huawei Cloud data center. Officials asked Huawei to expand investment in green computing, AI, tech innovation and data trading, and to promote deeper integration of industrial, innovation, supply and talent chains to support new productive forces and high-quality growth. They pledged continued improvements to the business environment to facilitate Huawei and other companies' investment.
2026-06-02

U.S. Treasury yields pared losses after job openings data; the 10-year yield fell 1.4 bps to 4.463%.

U.S. Treasury yields pared losses after job openings data; the 10-year yield fell 1.4 bps to 4.463%.
2026-06-02

U.S. Treasury yields narrowed their losses after the release of job openings data, with the 10-year Treasury yield last down 1.4 basis points to 4.463%.

U.S. Treasury yields narrowed their losses after the release of job openings data, with the 10-year Treasury yield last down 1.4 basis points to 4.463%.
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