U.S. Strategic Petroleum Reserve stocks in the week ended June 5 were the lowest since the week ended Aug. 18, 2023, the EIA said.

Shell CEO said the oil market faces a supply shortfall of 1.2 bln barrels following an incident in the Strait of Hormuz.

MOFCOM and seven other agencies issued measures to deepen market-based operation of tourist trains, encouraging tourism firms and railway operators to jointly design tourism-train products. The notice encourages capable localities to develop themed trains with regional cultural features as local tourism signatures, actively promotes design and development of cross-border tourist-train products for China–Laos, China–Kazakhstan, China–Vietnam and China–Russia routes, and calls for study and design of tourist-train offerings tailored to inbound visitors to boost the international competitiveness of rail tourism.