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U.S. Geological Survey: A 5.3-magnitude earthquake struck the Lat Islands in the Aleutian Islands of Alaska.May 9th - Data released by Japans Ministry of Finance on May 8th shows that as of the end of March 2026, Japans total government debt, including government bonds, loans, and short-term government securities, reached 1,343.84 trillion yen (approximately 156.7 yen to 1 US dollar), an increase of 20.13 trillion yen from the end of the previous fiscal year, marking a record high for the 10th consecutive year. The data shows that Japans total government debt is 1,207.22 trillion yen, of which ordinary government bonds, which mainly rely on tax revenue for principal and interest payments, increased by 24.56 trillion yen to reach 1,104.30 trillion yen, representing the main source of Japans debt growth.According to multiple sources, relevant departments will convene a symposium on May 11 with several pig farming companies, associations, and experts to exchange views on the current situation of domestic pig production, pork circulation and consumption, import and export, and analyze the changing patterns of my countrys pig cycle, the risks and challenges it faces, and its future evolution.On May 9th, the Hebei Securities Regulatory Bureau emphasized its requirements regarding securities transaction commission standards. The notice stipulates a minimum commission rate, specifying that A-share, B-share, and mutual fund transaction commissions will be subject to a maximum ceiling with downward fluctuations. Malicious low-price competition is strictly prohibited, and commissions must not be lower than the combined costs of collected securities transaction regulatory fees and securities exchange handling fees, ensuring the healthy and orderly development of the industry. Furthermore, the notice strictly prohibits the use of unfair means such as cash rebates, gifts, or providing non-securities services to attract customers.On May 9, Ibrahim Manzo Diallo, president of the Niger National Communications Observatory, announced on May 8 that the country would suspend the broadcasting of approximately 10 French media outlets, citing their repeated dissemination of content that "may seriously endanger public order, national unity, social cohesion, and the stability of the republics institutions."

European Refiners Benefit From Emergency Release of U.S. Oil Stocks

Haiden Holmes

May 13, 2022 09:57

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According to U.S. Customs data, ship tracking, and an industry source, at least three vessels carrying crude oil from U.S. emergency stocks set sail for Europe in April as European refiners rushed to replace Russian crude supplies.


Since Russia's invasion of Ukraine, releases from the Strategic Petroleum Reserve (SPR) have been made to combat supply shortages and halt fuel price increases. A release in the fall of 2017 was largely intended to reduce growing gasoline costs in the U.S.


The Biden administration added 180 million barrels to two smaller leaks from caves along the U.S. Gulf Coast since November. The United States has not banned exports of SPR oil, and analysts expect exports will increase.


Despite the releases, retail gasoline and diesel prices in the United States, averaging $4.40 and $5.55 per gallon, respectively, have stayed at record highs. Fuel demand is so strong According to expert predictions, the average quarterly profit per share for U.S. refiners is expected to be four times that of the first quarter.


Phillips 66 (NYSE:PSX) carried approximately 600,000 barrels of crude from the Bryan Mound cavern in Texas onto the ship Sea Holly last month. It is on route to Trieste, Italy, according to U.S. customs data and Refinitiv Eikon. A pipeline in Trieste transports crude oil to refineries in central Europe.


Last month, Atlantic Trading & Marketing (ATMI), a subsidiary of the French oil giant TotalEnergies, shipped little more than 1 million barrels of SPR crude to Rotterdam.


In April, approximately 2.25 million barrels of SPR were transferred on three vessels to Italy and the Netherlands, according to Matt Smith, lead oil analyst for the Americas at data provider Kpler.


According to government filings, ATMI has obtained at least 3.5 million barrels from the SPR, while Phillips has secured as least 10 million barrels. Exxon Mobil (NYSE:XOM), Chevron (NYSE:CVX), Marathon Petroleum (NYSE:MPC), and Valero Energy are additional firms that purchase SPR oil (NYSE:VLO).


Phillips 66 refuses to comment on business transactions. The ATMI did not react quickly to a request for comment.


With the ongoing release of SPR over the next few months, "exports can be anticipated," Kpler's Smith said.

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