Ukrainian Forces Strike Russian Oil Facilities in Yaroslavl, 700km Away

Japan Begins Additional Strategic Oil Reserve Releases on May 1, Equivalent to 20 Days of Consumption

According to CCTV News, on May 1, the Japanese government began additional releases of strategic petroleum reserves from an oil base in Ibaraki Prefecture. The move follows a sharp decline in crude oil imports to Japan due to Middle East tensions, prompting the government to tap reserves to

Iron Ore Futures Hit 770 Yuan/Ton One-Week High as China's Q1 GDP Grows 5%

Iron ore futures climbed above 770 yuan per ton, reaching a one-week high, as China's first-quarter gross domestic product accelerated to 5% year-over-year, exceeding the prior quarter's 4.5% and market expectations of 4.9%. Geopolitical tensions also eased, with reports indicating Washington and

Malaysia Palm Oil Exports Drop 34% in April, Hit 5-Week Low

According to freight survey agencies, Malaysia's palm oil shipments fell over 34% month-on-month during April 1-15, with prices holding below 4,500 ringgit per ton near five-week lows amid weak export sentiment. Malaysia's palm oil inventories declined for a third consecutive month to a seven-month

LME's Hong Kong Warehouses Hit Capacity as Storage Facilities Surge From 4 to 15 in One Year

According to Hong Kong Exchanges and Clearing Chief Executive Officer Edith Yip, London Metal Exchange (LME) warehouses approved in Hong Kong are approaching storage capacity saturation. LME began approving metal warehouses in Hong Kong last year, expanding from 4 facilities to 15 currently—a

WTI Crude Falls 0.2%, Nikkei 225 Futures Drop 0.3% on Friday

WTI crude oil declined 0.2% on Friday, while spot gold and silver edged lower. Nikkei 225 futures fell 0.3% during the session.