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On August 24th, according to the latest data from OpenRouter, the total global AI large-scale model usage last week (August 17th to August 23rd) reached 93.3 trillion tokens, a 23.9% increase week-on-week. Among the listed AI large-scale models, Chinese AI large-scale models saw a weekly usage of 40.48 trillion tokens, a 9.88% increase week-on-week; while US AI large-scale models saw a weekly usage of 9.66 trillion tokens, a 5.85% decrease week-on-week. Chinese large-scale models have surpassed the US in weekly usage for seventeen consecutive weeks, firmly holding the top spot globally. Last week, Chinese AI large-scale models occupied four of the top five spots in global usage. DeepSeek-V4-Flash official version ranked first for the third consecutive week, with a weekly usage of 11.6 trillion tokens, a 4% increase week-on-week. An anonymous model codenamed Ox Alpha broke into the top two, with a weekly usage of 11.6 trillion tokens. According to OpenRouter, Ox Alpha was launched on August 20th. Its context window has approximately 1.048 million tokens, and the maximum output length is 131,000 tokens. It also supports text, image, and video input and is available for free during the preview period.On August 24th, Goldman Sachs reiterated that if Persian Gulf liquefied natural gas (LNG) exports fail to increase further, maintaining European TTF gas prices at €65 per megawatt-hour will not be sufficient for Europe to effectively manage its inventory during the winter. If LNG exports via the Strait of Hormuz do not improve, European gas prices (TTF) will need to rise further to curb Asian LNG demand, thereby releasing more cargoes to Europe and helping to maintain its gas inventory levels. Goldman Sachs estimates that in a scenario where Middle Eastern energy exports do not gradually return to normal until 2027, TTF gas prices for December 2026 delivery may need to rise to over €100 per megawatt-hour (assuming normal average winter temperatures), 110% higher than the banks baseline scenario of €50 per megawatt-hour, to more significantly curb Asian LNG demand.According to the Wall Street Journal, sources familiar with the matter revealed that California is expected to require Paramount to divest some of its cable television channels and pledge to keep its film studios independent from Warner Bros. ahead of the merger between Paramount and Warner Bros.As of 10:23 on August 24, in terms of capital inflows into domestic futures main contracts, Shanghai Gold 2610 saw an inflow of 1.004 billion yuan, Shanghai Copper 2610 saw an inflow of 933 million yuan, and Lithium Carbonate 2701 saw an inflow of 856 million yuan. In terms of capital outflows, CSI 1000 2609 saw an outflow of 7.601 billion yuan, CSI 2609 saw an outflow of 4.226 billion yuan, and CSI 2609 saw an outflow of 3.337 billion yuan.On August 24th, Futures News reported that Indonesian Coordinating Minister for Economic Affairs Airlangga Hattato stated that the government will not impose export taxes or windfall profits taxes on key commodities such as coal and nickel this year. Airlangga made these remarks in an interview at his office on Friday (August 21, 2026), stating, "The windfall profits tax has not been implemented this year." When asked if it would be implemented next year, he responded that the relevant policy had not yet been discussed in detail. Previously, driven by rising coal prices due to escalating conflicts in the Middle East, the government had actively promoted the imposition of export taxes on these commodities. Finance Minister Purbaya Yudi Sadeva previously stated that the implementation plan for a coal export tax was still under discussion, but also pointed out that the government expected to obtain additional revenue through revisions to the RKAB in 2026. Purbaya stated that President Prabowo had instructed Energy and Minerals Minister Bahriel to revise the 2026 coal production quotas. He added that increased production due to rising coal prices would bring additional revenue to the country, but did not disclose the specific amount. Export taxes are an international trade tax tool levied by Indonesia on specific exported goods, and the revenue has fluctuated in recent years with changes in global commodity prices and export policies.

WTI price falls below the $76 mark amid altering financial dynamics and global growth concerns

Alina Haynes

Mar 14, 2023 11:40

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The West Texas Intermediate (WTI) price is unchanged on Tuesday amid a weaker US Dollar and muted risk sentiment. WTI fell to a low of $72.31 on Monday as a result of a strong risk-off environment sparked by the repercussions from Silicon Valley Bank (SVB) and Signature Banks. Since then, the WTI price has risen significantly as a result of the Federal Reserve's plan to intervene. After reaching a peak of approximately $76 on Monday, the WTI price retreated as the dynamics of the US Dollar shifted.

 

The financial system is being harmed by rising borrowing costs around the world and growth concerns are being raised. The WTI price is in a corrective decline as the narrative of China's reopening does not appear optimistic, as the country has lowered its growth forecast to 5.0%.

 

The SVB debacle exacerbates global growth concerns, as it is interpreted as the first of many financial system dings. Due to rising financing costs, businesses are struggling to make their repayments, which will eventually result in a decline in demand.

 

Despite tightened production and numerous voluntary cuts from the Organization of the Petroleum Exporting Countries (OPEC), the WTI price is struggling to surpass $80.

 

Oil prices are influenced by a number of variables, including the US dollar, inflation, OPEC, and global growth concerns. Considering the aforementioned factors, it is difficult to rationalize the directional nature of oil prices, but it appears that the oil market is primarily driven by development concerns.

 

Since these nations are struggling to maintain oil prices above the desired $80 mark, it will also be crucial to monitor the OPEC position on reduced oil prices.