OPEC said on the 20th it expects global natural gas demand to exceed 91.0 mln barrels of oil equivalent per day by 2050, an increase of more than 19.0 mln boe/d versus 2025. Gas will further consolidate its share in the primary energy mix, largely substituting coal and supporting power generation alongside intermittent renewables; growth will be concentrated in non‑OECD markets driven by gas-fired power, expanded petrochemical feedstock use and higher residential consumption. OECD gas demand is

加拿大7月工業品物價指數年率 12.4%，前值12.4%。

{"title":"Allianz\'s El-Erian: US Treasury buybacks lower long yields; watch for YIELD CONTROL risk, costs and short-lived effects","content":"Allianz chief economist El-Erian said long Treasury yields fell after the US Treasury expanded bond buybacks. He noted the buyback size is small in absolute terms and relative to net issuance, so the key market question is whether this foreshadows wider use of YIELD CONTROL. He warned YIELD CONTROL can suppress long-end yields and lower mortgage and other financing costs in the short term but carries side effects and unintended consequences. Such financial-engineering effects are typically short-lived; absent deeper policy changes, any yield compression is unlikely to be sustained."}