At an Aug. 10 results briefing, Haitong Development said rising short-term El Niño risk is boosting summer coal demand but is disrupting Panama Canal transit. Middle East tensions have lifted oil and gas prices and, combined with higher US hydrocarbon exports, increased tanker traffic through the Canal. Daily transit capacity is limited and congestion has already emerged; bulk carriers unable to pay queue-jump fees have been forced to reroute. El Niño is also lowering Panama water levels and red

China Satcom said the IMT‑2030 (6G) push group's satellite‑terrestrial integration non‑terrestrial network (NTN) working group was formally established in Beijing under guidance from the Ministry of Industry and Information Technology's Department of Information and Communication Development, and China Satcom was invited as a first‑batch member. The NTN group will lead and support domestic organizations in developing international technical standards, coordinate the overall layout of 6G satellite‑terrestrial networks, cultivate core 6G satellite communications technologies, and promote industry‑academia‑research‑user collaboration. Its remit covers satellite air‑interface access, satellite terminal technology, satellite‑terrestrial integrated network technology, and operations, maintenance and application technologies.

WTI crude opened Monday up 1.5% at $77.6/barrel.