- From oilprice.com|2 hr 17 min ago
China accelerated the pace of stockpiling crude oil inventories in May amid lower refining throughput and weaker crude imports compared to last year, in further bearish signs about China’s apparent oil demand so far this year. China has likely added 1.08 million barrels per day (bpd) of crude to its commercial or strategic inventories last month, up from ...
- From cftc.gov|2 hr 57 min ago
The Commodity Futures Trading Commission today issued an order simultaneously filing and settling charges against Trafigura Trading LLC, a global commodities merchant with its principal place of business in Houston, Texas, for multiple violations of the Commodity Exchange Act (CEA) and associated CFTC regulations. The order requires Trafigura to pay a $55 ...