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Real-time News
SPACEXAI: Grok 4.6 is now available in Cursor and Grok Build.SPACEXAI: Releases GROK 4.6.1. The U.S. Department of Agriculture (USDA) released data showing that private exporters reported selling 244,000 tons of soybeans to China for delivery in the 2026/2027 marketing year. 2. Market news: A UAE aluminum producer will spend $400 million to resume production after being attacked by Iran. 3. Saudi Arabia reported to OPEC that its crude oil production increased by more than 1 million barrels per day last month, driven by the resumption of supplies from Persian Gulf oil-producing countries during the brief ceasefire in the Iran-Iraq War. According to the latest OPEC monthly report, Saudi Arabia stated that its crude oil production in July was 8.2 million barrels per day, up from 7.1 million barrels per day in June. 4. The U.S. July unadjusted CPI annual rate recorded 3.4%, the smallest increase since March, in line with market expectations. 5. OPEC monthly report: OPEC lowered its 2026 global oil demand growth forecast to 580,000 barrels per day; and raised its 2027 global oil demand growth forecast to 2.16 million barrels per day (previously 1.94 million barrels per day). 6. OPEC Monthly Report: OPEC+ crude oil production (including former member UAE) averaged 37.66 million barrels per day in July 2026, an increase of approximately 1.42 million barrels per day compared to June, mainly due to increased production from Gulf oil-producing countries. 7. The Baltic Dry Index (BDI) fell for the third consecutive trading day, due to lower rates for Capesize and Panamax vessels, while Supramax rates rebounded slightly. The Baltic Dry Index (BDI) fell 107 points, or 3.5%, to 2939 points. 8. The EIA report showed that U.S. crude oil exports decreased by 627,000 barrels per day to 3.058 million barrels per day in the week ending August 7. Commercial crude oil inventories, excluding strategic reserves, increased by 17.423 million barrels to 424 million barrels, an increase of 4.28%. The U.S. Strategic Petroleum Reserve (SPR) inventories decreased by 6.115 million barrels to 298.7 million barrels, a drop of 2.01%. 9. U.S. President Trump recently tweeted: "The United States has complete control of the Strait of Hormuz. I believe we will continue to maintain control! Our naval blockade is what everyone calls the Iron Wall, and Iran is powerless against it." 10. Russias crude oil production in July was nearly 1 million barrels per day lower than its OPEC+ quota due to near-daily attacks on Russian oil infrastructure by Ukraine.On August 12th, JPMorgan Asset Managements chief global strategist stated that the Federal Reserve should maintain interest rates and expects inflation to gradually decline as increasing evidence suggests a persistent wage-price spiral will not form. David Kelly, speaking after the release of the July Consumer Price Index, said, "The Fed should absolutely hold off, and I actually think they will." The report showed that core inflation in the US remained moderate in July, and US Treasury bonds continued their upward trend after the news was released. Kelly pointed out that three forces are working together to significantly cool inflation: tariff costs will decline year-on-year; oil prices will fall as markets become optimistic that the Iran war will end; and wage growth continues to lag behind inflation. He added that the last point weakens the momentum needed for price pressures to form a self-reinforcing cycle, meaning the Fed doesnt need to raise interest rates to curb inflation. Kelly noted that financial markets are currently highly leveraged, and even a small rate hike could trigger asset repricing.On August 12, the Trump administration announced a new initiative to accelerate the transport of goods considered crucial to the development of artificial intelligence between the United States and its closest trading partners. The U.S. State Department said Wednesday it will establish a pilot platform in Panama as part of the U.S.-led Silicon Peace Initiative to expedite the trade of key AI products. The initiative aims to strengthen supply chain cooperation among allies. The State Department stated that it will allocate up to $50 million in foreign aid to develop and deploy the platform, which will leverage AI technology to accelerate logistics processes. Under Secretary of State for Economic Affairs Jacob Helberg said in an email, “This project is expected to accelerate logistics and compliance processes. The project focuses on helping Panama and other participating economies track and expedite the transport of high-value goods from trusted suppliers, including AI infrastructure, semiconductors, and critical minerals, covering the entire AI supply chain.”
