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CoinWorld news, according to pricing documents, Qatar set the official selling price (OSP) for November marine crude at a discount of $8 per barrel to the Oman/Dubai benchmark, and the official selling price for land crude at a discount of $7.50 per barrel.
Qatar sets November marine crude official selling price at a discount of $8 per barrel to the Oman/Dubai benchmark.
Qatar has set the official selling price of its November marine crude at a discount of $8 per barrel to the Oman/Dubai benchmark, and the official selling price of its land crude at a discount of $7.5 per barrel to the Oman/Dubai benchmark, according to BiJie Network.
The long-short account ratio for ETH contracts is 2.69.
BiJie Network data: The ETHUSDT 4-hour long-short account ratio is 2.69, with more net long accounts than net short accounts. Compared with the same-caliber snapshot 24 hours ago, it decreased by 0.3214; compared with the same-caliber snapshot 7 days ago, it increased by 0.1641.
On October 12, Cuba's Ministry of Energy and Mines held a press conference and issued Decree No. 135 on oil and natural gas.
According to CoinWorld news, on October 12, Cuba's Ministry of Energy and Mines held a press conference and issued Decree No. 135 on oil and natural gas. Several department heads explained the new decree at the press conference. According to the introduction, the old relevant decrees are no longer applicable, and Cuba formulated the new decree after studying the regulations of multiple countries and incorporating the opinions of 31 consulting agencies. The new decree aims to gradually increase crude oil and natural gas production and reserves, meet the country's fuel and derivative needs as much as possible, provide raw materials and products for the future development of the petrochemical industry, support the recovery of the national power system, and promote energy independence. The new decree emphasizes the state's sovereignty and jurisdiction over energy, while welcoming domestic and foreign investment, allowing diverse cooperation models, and emphasizing industrial safety and environmental protection. (CCTV)
As the Iranian attacks escalate, more and more empty supertankers are turning around and moving away from the Persian Gulf.
According to news from Bijie, as Iranian attacks escalate, more and more empty supertankers are turning around and moving away from the Persian Gulf. According to tanker tracking data compiled by Bloomberg, at least 10 very large crude carriers (VLCCs) and several Suezmax tankers have stopped or turned around in recent days as they approached the UAE's Fujairah port. Although other vessels are still continuing toward the region, with attacks occurring almost daily around the Strait of Hormuz, some even near Fujairah, the withdrawal of these supertankers has once again raised concerns about whether oil can continue to be transported through this waterway. (Bloomberg)
At least 10 supertankers leave Persian Gulf Fujairah as Iran attack risk rises.
At least 10 supertankers have withdrawn from Fujairah in the Persian Gulf as the risk of Iranian attacks rises. As the risk of attacks by Iran near the Strait of Hormuz increases, more and more empty supertankers are avoiding the Persian Gulf region. According to ship tracking data, at least 10 very large crude carriers (VLCCs) heading to Fujairah in the United Arab Emirates, as well as several Suezmax tankers, have recently suspended voyages or turned around. Fujairah is an important transshipment hub for oil exports from the Persian Gulf. Some tankers usually wait outside the Strait of Hormuz before completing crude oil transfers through the strait via smaller tankers. The withdrawal of large tankers may affect this bypass model and increase pressure on crude oil transportation. Although some vessels are still continuing toward the region, frequent attacks have recently occurred in the Strait of Hormuz and near Fujairah, raising market concerns about the continuity of oil transportation.
Federal Reserve's Hammack: My estimate of the neutral rate is on the higher side within the FOMC.
CoinWorld news, Fed's Hammack: My expectation for the neutral rate is on the higher side within the FOMC.
Federal Reserve's Hammack: No intention to have a drastic impact on the economy through interest rates.
CoinWorld news, Fed's Hammack: No intention to have a drastic impact on the economy through interest rates.
OPEC+ warns energy flows disruption drives up shipping insurance costs
According to news from Bijie, OPEC+ warned at its October 12 meeting that disruptions to energy flows have pushed shipping and insurance costs to unprecedented levels, exceeding one-third of the value of the related commodities. This situation has hindered the timely transportation of crude oil and refined products and has brought additional inflationary pressure to the global economy. OPEC+ stressed that safeguarding the security of international maritime routes and ensuring the continued flow of energy are crucial, and that it will continue to cooperate with international organizations in the future to improve global shipping conditions.
Fed's Hammack: Higher rates won't stop hyperscalers, but could affect companies in other sectors
According to Bijie News, Federal Reserve's Hammack: Higher interest rates will not stop hyperscale enterprises, but may affect companies in other industries.