EUR/USD
1.15260
-0.042%
Gold
4046.10
-0.118%
Oil
77.982
-6.203%
USD/JPY
156.771
-1.511%
GBP/USD
1.34630
-0.097%
GBP/JPY
211.064
-1.606%
Real-time News
August 3 - According to data provided by officials, Kuwaiti crude oil production surged in July, increasing by nearly 20% compared to the previous month, reaching its highest average level since the outbreak of the war with Iran. Sources indicated that Kuwaiti crude oil production rose to 1.97 million barrels per day in July, an increase of approximately 300,000 barrels per day from June. They did not specify the specific reasons for the increase. Currently, Kuwaiti crude oil production is several times higher than its April lows, but still about 20% lower than pre-war levels. In recent weeks, Persian Gulf oil-producing countries have made some progress in transporting crude oil through the Strait of Hormuz. Although regional shipping is once again threatened after the collapse of the US-Iran ceasefire agreement, negotiations to restore tanker passage continue. Furthermore, domestic oil demand in the Middle East is also rising due to increased electricity consumption driven by increased demand for air conditioning during the summer. After the US-Iran ceasefire was reached in June, the CEO of Kuwait National Oil Company stated that the company would immediately lift all force majeure notices and expected production to soon recover to 2 million barrels per day. Official data shows that Kuwaiti production briefly reached this level before falling back to approximately 1.9 million barrels per day.Market news: The war with Iran has left Belgium completely dependent on Russian liquefied natural gas in July.White House National Economic Council Director Hassett: Federal Reserve Chairman Warsh is moving things in a positive direction. We respect the independence of the Federal Reserve.International oil prices continued to decline, with WTI crude oil falling by more than 8%. A quick overview of the pre-market conversion of domestic and international crude oil prices in a chart.Spot gold and silver traded in a range. A chart provides a quick overview of the pre-market conversion prices of gold and silver between domestic and international markets.
