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On January 12, White House National Economic Council Director Hassett stated on Monday that he had not participated in any discussions regarding the Justice Departments investigation into Federal Reserve Chairman Powell. In an interview with CNBC, Hassett said, "I havent been involved in any related discussions with the Justice Department, nor have I spoken with them before they contacted Powell, so I have nothing to add. I simply respect the independence of the Federal Reserve and the Justice Department, and well see how things develop."Lufthansa: We are closely monitoring the current situation. We plan to resume flights to Tehran on January 16.White House National Economic Council Director Hassett: I have not yet spoken with Federal Reserve Chairman Powell about his remaining on the council.Oman has enacted a law to establish an international financial center.On January 12th, Topjing Technology announced that from December 25th, 2025 to January 12th, 2026, its shareholder, the National Integrated Circuit Fund, reduced its holdings by 2.6121 million shares through block trades. On January 9th, 2026, the company completed the registration of the vesting of the second type of restricted shares, resulting in an increase in the total share capital and a passive dilution of its shareholding. In summary, the National Integrated Circuit Funds shareholding ratio decreased from 18.92% to 17.92%, reaching the 1% threshold. This change was due to the fulfillment of a share reduction plan, which was not fully implemented and does not affect the companys governance or violate any regulations.

The U.S. Strategic Petroleum Reserve Has Fallen to Its Lowest Point Since 1987

Charlie Brooks

May 17, 2022 09:50

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The volume of crude oil in the U.S. Strategic Petroleum Reserve (SPR) decreased by 5 million barrels during the week ending May 13.


Stockpiles from 1987, to 538 million barrels in the Strategic Petroleum Reserve (SPR).


According to the data, approximately 3.9 million barrels of sour oil and 1.1 million barrels of sweet crude were discharged onto the market.


President Joe Biden announced in March the largest release ever from the U.S. emergency oil reserve, 1 million barrels per day (bpd) of crude oil for six months, in an effort to reduce gasoline prices that had skyrocketed due to Russia's invasion of Ukraine.


Prior to that, the United States had agreed to release 30 million barrels of SPR oil in March and 50 million barrels from SPR in November.


The price of a barrel of crude oil in the United States has increased by over 25 percent to nearly $114 due to market concerns about a supply shortage. This week, retail gasoline and diesel prices reached all-time highs as fuel demand returned to pre-pandemic levels and refining capacity fell.


The 180 million-barrel discharge was the third time in the previous six months that the United States had tapped the Strategic Petroleum Reserve.


Winners of the most recent SPR auction were Valero Energy Corp (NYSE:VLO), Motiva, Exxon Mobil (NYSE:XOM), Shell (LON:RDSa), Phillips, and Marathon Petroleum Corp. (NYSE:MPC).


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.

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