Crooked Bough News Round-up

+ The Commodities Feed: Chinese oil import quota increased—Energy – China increases oil import quota Oil prices finished yesterda...

+ Oil slips on higher US crude stocks; market watches Middle East—Oil prices fell on Wednesday after industry data showed U.S. crude inv...

+ Europe avoids gas price volatility in Q3 despite supply uncertainty: ACER—Europe avoided severe gas price volatility in the third quarter of 202...

+ API shows rise in US crude, drop in fuel stocks last week, market sources say—U.S. crude oil stocks rose last week while gasoline and distillates fe...

+ As US Permian crude turns lighter, it risks losing favor with refiners—Companies drilling for the crude that turned the U.S. into the worlds ...

+ Four new petroleum liquids pipelines have been completed in the United States since 2023—Since 2023, pipeline companies have completed four new petroleum liqui...

+ Asian gasoil prices may rise on lower Oct South Korea exports amid refinery run rate cuts—Asian gasoil prices could rise toward the end of October, as South Kor...

+ Indian oil minister hopes global oil prices will come down—Indias oil minister hopes that global oil prices will come down despit...

+ Oil prices rise on China stimulus amid Mideast ceasefire push—Oil prices rose to $75 a barrel on Tuesday, extending gains from the p...

+ Middle East Crude-Benchmarks tick up—Middle East crude benchmark premiums for Dubai, Oman and Murban gained...

+ The Commodities Feed: Middle East uncertainty lingers—Energy – Geopolitical risks linger Oil markets strengthened yesterday ...

+ Oil prices dip as Blinken arrives in Israel for talks, China demand weighs—Oil prices steadied near $74 a barrel on Tuesday as the top U.S. diplo...

+ IEA sees surplus oil supply, weak China demand in 2025—Chinas oil demand growth is expected to remain weak in 2025 despite re...

+ Saudi Aramco CEO ‘fairly bullish’ on China oil demand—Saudi Aramco is fairly bullish on Chinas oil demand especially in ligh...

+ PACIFIC LNG: Key market indicators for Oct 21-25—Platts JKM the benchmark price reflecting LNG delivered to Northeast ...

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As of 10/23/24 9:45am. Last new 10/22/24 4:54pm.

+ LNG buyers call for more flexible supply to adapt to variable power demand—Japan and other top liquefied natural gas (LNG) buyers are calling for...

+ EU 2024/25 soft wheat exports at 7.02 mln T by Oct. 20—Soft wheat exports from the European Union since the start of the 2024...

+ India considers imports of Mongolian coking coal via Russia, source says—India is exploring ways to import regular supplies of Mongolian coking...

+ China raises 2025 crude oil import quota for non-state trading to 257 mln T—China has set crude oil import quota for non-state-owned firms at 257 ...

+ Bangladesh gets offers in 50,000 T wheat purchase tender—The lowest offer in an international tender from Bangladeshs state gra...

+ ITALY DATA: Petcoke imports rise sevenfold on month in August—After dropping in the previous two months, Italian petcoke imports ros...

+ Indonesia’s Bulog tenders for 340,000 mt of 5% white rice as Asian prices fall—Indonesias state-owned purchasing agency Bulog announced its ninth ten...

+ Russian coal shipments to China plunge 86% in September—Chinas coal imports from Russia sank 86% in September from the same mo...

+ Egypt set to tender for up to 20 LNG cargoes to cover Q1 2025 demand—Egypt plans to issue a tender seeking up to 20 cargoes of liquefied na...

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As of 10/23/24 9:45am. Last new 10/23/24 6:41am.

+ ECB’s rate cut direction clear, pace up for debate, Lagarde says—Euro zone inflation is easing and may fall back to 2% quicker than pre...

+ ECB needs clearer communication – but not dot plots, Nagel says—The European Central Bank needs to improve how it communicates policy ...

+ Germany hit harder than other world economies, Scholz warns—Germany has been hit harder than other world economies by economic hea...

+ South Korea economy likely returned to growth in Q3: Reuters poll—The South Korean economy likely returned to growth last quarter after ...

+ UK borrowing overshoot highlights budget pressure on Reeves—British public borrowing in the first six months of the tax year came ...

+ China’s Q3 economic losses from natural calamities surge—Chinas third-quarter economic losses due to natural disasters, from su...

+ US election, geopolitics and UK budget fears dent global vacancies, survey shows—Global employers reported a fall in white-collar vacancies in Septembe...

+ German tax revenue rose 6.9% in September—Germanys federal and state governments tax revenues rose 6.9% in Septe...

+ Italian business lobby lowers economic growth forecast—Italys economy will grow at a slower pace than previously estimated, t...

+ China’s Singles’ Day sales festival fails to inspire consumers—Chinas largest shopping event is underway but most merchants and retai...

+ Big UK property sales to test market appetite after slump—Britains commercial property market is returning to life after its pos...

+ No signs that euro zone inflation will deviate from current projections, ECB’s Escriva says—There are not yet enough indications that the euro zones inflation cou...

+ Mckinsey: Global Economics Intelligence executive summary, September 2024—Positive news is emerging from various sources, suggesting the global ...

+ Four Fed policymakers favor more rate cuts, but differ on pace—Four Federal Reserve policymakers on Monday expressed support for furt...

+ China’s youth unemployment rate falls after climbing for two straight months—The jobless rate for 16-to-24-year olds in China, excluding students, ...

+ No signs that euro zone inflation will deviate from current projections, ECB’s Escriva says—There are not yet enough indications that the euro zones inflation cou...

+ China’s growth reprieve will be short-lived—China may be on track to hit its around 5% economic GDP target for thi...

+ As poor nations’ default wave peaks, cash shortage could take its place—The punishing post-COVID wave of sovereign defaults has finally creste...

+ America’s record ‘net debtor’ status enters the unknown—Foreign investors claims on Uncle Sam have been greater than U.S. inve...

+ EU champions’ hope will slam into hard M&A reality—Brussels wants European companies to join together and compete with U....

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As of 10/23/24 9:45am. Last new 10/22/24 4:54pm.

+ IMF chief economist says lack of domestic demand fuels China’s export growth—Chinas industrial policy may be tipping the scales in some specific in...

+ IMF says UK should keep debt falling in fiscal rule change—British finance minister Rachel Reeves should ensure public debt remai...

+ IMF lifts US growth forecast but marks down China; sees lackluster global economy—The International Monetary Fund on Tuesday raised its 2024 economic gr...

+ IMF chief says higher prices are here to stay—Higher prices are here to stay, which adds to economic pain also stemm...

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As of 10/23/24 9:45am. Last new 10/23/24 6:10am.

+ The International Union of Marine Insurance (IUMI) has released its 2024 analysis of the global marine insurance market – the IUMI “Stats Report”—This annual document reports on the health of the marine insurance sec...

+ Reducing air pollution from ships in California ports—California’s regulation for ocean going vessels at berth Since 2014, t...

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As of 10/23/24 9:45am. Last new 10/22/24 3:21pm.