EUR/USD
1.16160
-0.614%
Gold
5250.44
-1.337%
Oil
74.784
5.756%
USD/JPY
157.663
0.198%
GBP/USD
1.32961
-0.812%
GBP/JPY
209.635
-0.608%
Real-time News
March 3rd - According to the Ministry of Transport, it is estimated that on March 3, 2026 (the 30th day of the Spring Festival travel rush, the 15th day of the first lunar month), the total cross-regional passenger flow will reach 181.99 million person-times, a decrease of 1.9% compared to the previous day, and an increase of 0.8% compared to the same period in 2025. Railway passenger volume is estimated at 10.7 million person-times, a decrease of 19.0% compared to the previous day, and an increase of 5.8% compared to the same period in 2025.March 3 (Reuters) - Kazakhstans largest oil field, Tengiz, saw its production plummet by about 30% in early March compared to Februarys average, according to two industry sources. Exports from its Black Sea port of Novorossiysk are also facing obstacles. Tengiz accounts for 40% of Kazakhstans total oil production. The field has been attempting to resume production since a fire at power facilities on January 18 caused a large-scale shutdown. Sources indicate that Tengizs current production is far below the previously planned 950,000 barrels per day. Reuters calculations suggest that current production is 44% lower than forecast.Traders have increased their bets on a rate hike by the European Central Bank, expecting a 20% chance of a rate increase by June.Sources say India has cut gas supplies to its industrial sector due to disruptions in gas supplies from Qatar.March 3 – The effective closure of the Strait of Hormuz and the suspension of operations at Saudi Arabias Rastanaura refinery have cast a shadow of uncertainty over oil flows to Riyadh this month, following a significant surge in exports in February. According to Kpler data, crude oil exports reached 7.17 million barrels per day in February, the highest level since April 2023. Kpler market analyst Jashan Prema stated, "The strong flows in February suggest that accelerated loading may be a precautionary measure to get more crude to market before regional shipping routes are potentially disrupted." While Saudi Arabia can now reroute some crude through its east-west pipeline connecting Yanbu in the Red Sea, capacity constraints prevent this from fully offsetting the impact of ongoing disruptions in the Gulf region.
