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The Hong Kong interbank offered rate for one month in Hong Kong dollars rose 15 basis points to 3.36089%, the highest level in nearly four and a half months.On September 18th, many consumers reported on social media that they couldnt buy lemonade at various Mixue Ice City stores. A source close to Mixue Ice City reported that some stores in certain regions have recently experienced fluctuations in raw material supply due to weather delays in the arrival of a batch of imported lemons. Furthermore, Sichuan and Chongqing lemons have entered their harvest season and require storage for optimal taste, leading to supply shortages in some areas. However, overall lemon reserves are sufficient. A large volume of imported lemons is about to arrive, and the stored lemons have been evaluated and tested to meet usage standards. They are being distributed to stores, and the lemon shortages will soon be resolved.According to futures data from September 18th, Japans commercial crude oil inventories increased by 196,072 kiloliters to 10,698,257 kiloliters in the week ending September 13th. Gasoline inventories increased by 46,361 kiloliters to 1,691,790 kiloliters. Kerosene inventories decreased by 5,766 kiloliters to 2,692,860 kiloliters. The average refinery operating rate in Japan was 84.0%, compared to 87.6% the previous week.Samsung Electronics: Hiring 60,000 employees over the next five years; positions will focus on chips, biotechnology and artificial intelligence.According to futures data on September 18, overnight shibor was 1.5140%, up 3.10 basis points; 7-day shibor was 1.5280%, up 0.90 basis points; 14-day shibor was 1.5810%, down 2.60 basis points; January shibor was 1.5440%, up 0.30 basis points; March shibor was 1.5560%, up 0.20 basis points.

As WTI prices fall below $100, the number of U.S. oil rigs does not change

Skylar Williams

Jul 25, 2022 11:44

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According to numbers issued by Baker Hughes on Friday, the total number of active drilling rigs in the United States rose by two this week.


This week, there were 758 operational drilling rigs, 267 more than at the same time in 2021.


This week, there were 599 active oil rigs in the United States. To 155, the number of gas wells increased by 2. At 4, the number of diverse rigs remained steady.


This week, there were 349 rigs in the Permian Basin, one less than last week. The number of rigs in Eagle Ford increased by one to seventy. There are 107 more oil and gas rigs in the Permian than there were at this time last year.


Frac Spread Count, a measure of the number of crews completing unfinished wells — a more efficient use of resources than drilling new wells — declined to 279 for the week ending July 15 from 244 during the same week one year prior.


During the week ending July 15, the United States produced 11.9 million barrels per day (bpd) of crude oil, down 100,000 barrels per day (bpd) from the previous week.


As of 10:00 a.m. EDT, oil prices were trending up on the day, but somewhat lower for the week, as recession fears continued to outweigh the Russia factor. WTI was trading at $96.53, which was an increase of $0.18 per barrel (+0.19 percent) on the day but a decrease of little more than $1 per barrel week-over-week. The Brent benchmark traded at $104.50 a barrel, a daily increase of $0.65 (+0.63 percent) and a weekly increase of approximately $3.


At 1:06 p.m. ET, WTI was trading at $96.70 per barrel and Brent was trading at $104.80 per barrel; both were up on the day.

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