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Real-time News
1. India will cooperate with the UAE to expand its strategic oil and gas reserves, a significant step by the worlds third-largest oil consumer to address the risk of future supply disruptions. According to a statement from Abu Dhabi National Oil Company (ADNOC), the company will consider significantly increasing its crude oil storage capacity in India, aiming for 30 million barrels. The two countries will also cooperate on establishing a strategic gas reserve in India and explore building crude oil storage facilities at the port of Fujairah, located outside the Strait of Hormuz. 2. US Energy Secretary Wright stated that the Strait of Hormuz issue now depends on Iran. The energy importance of the Strait of Hormuz will decline. More oil pipelines may be built in the Middle East. Stopping US diesel exports makes no sense. We are doing everything we can to make energy more affordable. 3. The China Securities Regulatory Commission (CSRC) announced that the following recommended standards for the financial industry will come into effect on the date of promulgation: "Guidelines for the Construction of an Integrated R&D and Operation System for the Securities and Futures Industry" (JR/T0351—2026), "Data Element Specification for Business Domains of the Securities and Futures Industry Part 1: Securities Companies" (JR/T0331.1—2026), "Data Element Specification for Business Domains of the Securities and Futures Industry Part 6: Publicly Offered Real Estate Investment Trusts (JR/T0331.6—2026)," and "Standardization Work Guidelines for the Securities and Futures Industry Part 1: Standard Names" (JR/T0352.1—2026). 4. According to foreign media reports, data shows that as of May 11, the corn planting rate in France reached 95%, compared to 86% a week earlier and 88% in the same period last year. As of May 11, the good-to-excellent rating for corn in France was 90%, compared to 92% the previous week and 88% in the same period last year. The good-to-excellent rating for winter barley was 76%, unchanged from the previous week and higher than 68% in the same period last year. The good-to-excellent rating of spring barley rose from 85% the previous week to 86%, higher than the 81% recorded in the same period last year. 5. US President Trump, in an interview aboard Air Force One on the 15th, stated that he did not initially support a ceasefire with Iran, and that the ceasefire was "at the request of other countries." Trump said the US-Iran ceasefire was "at the request of other countries." "I didnt initially support it (the ceasefire), but we stopped it to help Pakistan, and they are great people." Trump also stated that the proposal put forward by Iran was "unacceptable," adding, "If I dont like the first sentence, I just throw it away." 6. According to Xinhua News Agency, Wang Yi briefed the media on the meeting between the Chinese and US heads of state and the consensus reached. He stated that the China-US relationship is the most important and complex bilateral relationship in the world, and head-of-state diplomacy is the "guiding star" of the relationship. During the meeting, the two heads of state agreed to continue maintaining close contact through meetings, phone calls, or exchanging letters. At the invitation of President Trump, President Xi Jinping will pay a state visit to the United States this fall. The two countries trade teams achieved generally balanced and positive results, including continuing to implement all the consensus reached in previous consultations, agreeing to establish a trade council and an investment council, addressing each others concerns about market access for agricultural products, and promoting the expansion of bilateral trade under the framework of reciprocal tariff reductions.May 15th - According to sources, Turkey has proposed building a $1.2 billion (€1 billion) military fuel pipeline to help meet the energy needs of NATO allies on its Eastern European flank. The sources indicated that the pipeline from Turkey to Romania could cost only one-fifth of other proposed options, including routes through Greece or Romanias western neighbors, but these are more vulnerable to sabotage due to their reliance on maritime transport. Turkeys proposal comes as it prepares to host the NATO summit in July. Sources suggest that Turkey hopes to garner support from its allies for the proposal, which could be decided before or during the Ankara summit.U.S. Energy Secretary Wright: Every barrel of oil the U.S. releases from its strategic petroleum reserve will be replenished.According to filings with the U.S. Securities and Exchange Commission (SEC), Mubadala Investments reported holding 39,550 shares of Broadcom (AVGO.O).Financial software provider OneStream announced an expanded strategic partnership with Microsoft (MSFT.O) to promote the application of artificial intelligence and enhance its value within the CFOs office.
