No Data
Crude Oil in the USA rose 0.4% on Thursday, marking the third consecutive day of increases.
In Peking time on the 21st, US Crude Oil prices rose on Thursday. Data showed a decline in US RBOB Gasoline and distillate production, and concerns over interruptions in Russian crude oil supply supported the rise in oil prices. The price of West Texas Intermediate (WTI) crude for March delivery on the New York Commodity Exchange rose by 32 cents, an increase of 0.44%, closing at $72.57 per barrel. The April contract price of Brent crude on the Intercontinental Exchange in Europe rose by 44 cents, an increase of 0.58%, closing at $76.48 per barrel. The US Energy Information Administration (Energy Information
USA Treasury Secretary Bessenet: There is still a long way to go to increase the proportion of long-term Bonds issuance.
USA Treasury Secretary Scott Bessenet stated that given the current obstacles of rising inflation and the Federal Reserve's Algo tightening plans, it will take time to increase the proportion of long-term Treasury Bonds in government bond issuance. "There is still a long way to go, and we will see what the market wants," Bessenet said in an interview on Thursday when asked about increasing the proportion of long-term US Treasury issuance, "it will be path-dependent." Before taking office, Bessenet criticized former Treasury Secretary Janet Yellen's approach of increasing the proportion of Treasury bills with a maturity of no more than one year in US Treasury, as he believed this practice suppressed long-term yields, aimed at achieving goals before the election.
U.S. Energy Corp. to Present at the Emerging Growth Conference on February 18, 2025
The US Energy Information Administration: The surplus in the global oil market will become more serious in the next two years.
The US expects that the oil market supply surplus this year and in 2026 will be higher than previously anticipated, mainly due to the ongoing increase in US and non-OPEC production, and sanctions are expected to have little effect on Russia's output. The US Energy Information Administration (EIA) stated on Tuesday that the global oil market is expected to average a surplus of 1 million barrels per day in 2026, up from the previously estimated 0.8 million barrels per day in last month's report. The latest forecast is double the surplus the EIA projected for this year and is also an upward adjustment from earlier reports. The increase in the surplus is attributed to stronger-than-expected oil production from non-OPEC and the US.
EIA: US sanctions on Russia will not significantly affect production.
"We expect that the sanctions announced on January 10 against Russian oil and shipping will not significantly impact our crude oil production forecasts," stated the US Energy Information Administration (EIA) in its monthly Short-Term Energy Outlook report. The EIA has revised its forecast for Russia's oil production in 2025 down to 10.45 million barrels per day, compared to the estimate of 10.47 million barrels per day in January. The latest US sanctions will 'mainly lead to changes in Global oil trade flows.' Note: Last month, the US implemented its most stringent restrictions to date on the Russian oil industry, sanctioning two major crude oil producers and oil tankers.
President Trump of the USA plans to announce a 25% tariff on all Steel and Aluminum imports on Monday.
US President Donald Trump announced that on Monday he will impose a 25% tariff on all Steel and Aluminum imports. Trump stated to reporters on Air Force One on Sunday that the tariffs will apply to Steel and Aluminum imports from all countries. He did not disclose when the tariffs would take effect. Trump also mentioned that later this week he will announce reciprocal tariff measures for countries that impose tariffs on US Commodities. Trump said that these tariffs will not take effect on the day they are announced, and the announcement may come on Tuesday or Wednesday, but it will be soon after. The new Steel tariffs may affect US Energy companies, including wind power developers, oil drilling companies, and others.
