Global industrial metals inventories very depleted
China to stimulate consumer expenditure (trans.)
U.S. central bank tries to avoid hard landing ($FT)
China’s coal shipments hit by long delays ($BBG)
Oil traders set to reduce purchases from Russia
U.S. Haynesville gas production rises
Amazon adds fuel surcharges ($BBG)
U.S. PETROLEUM inventories including the strategic petroleum reserve rose +3 million bbl to 1,712 million bbl last week. Inventories have risen by a total of almost +5 million bbl in the two most recent weeks after declining by -81 million bbl over the previous twelve weeks:
U.S. DISTILLATE stocks fell by almost -3 million bbl to just 111 million bbl, the lowest for the time of year since 2008:
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