EIA projects US distillate fuel inventories will fall below 100 mln barrels in September and remain below the five-year low for most of 2027.

JP Morgan says US economic and corporate fundamentals remain intact but several near-term risks justify a more cautious stance. Key points: the Fed's September meeting again carries a risk of a rate hike, with CPI the key data; investor positioning shows no clear directional signal, implying elevated volatility over the next 3–4 weeks; post-Labor Day corporate issuance typically rises and could push credit spreads wider, weighing on equities; September is historically the weakest month for the S&P 500; momentum strategies have retraced sharply since June highs; and even very strong tech earnings may not be enough to sustain gains in AI, storage and semiconductor stocks.

CNOOC said the platform started service after the first capacity‑expansion well at the Enping 24‑2 oilfield came onstream, marking China’s first in‑situ oil and gas expansion platform at roughly 100 metres water depth and opening a new path to raise output and efficiency in ageing offshore fields.