EUR/USD
1.15079
-0.028%
Gold
5114.70
0.693%
Oil
94.433
-0.805%
USD/JPY
159.361
0.013%
GBP/USD
1.33452
0.023%
GBP/JPY
212.675
0.086%
Real-time News
March 13 – Abu Dhabi National Oil Company (ADNOC) has cut crude oil shipments from its onshore partners by about one-fifth this month, even though the oil will still be transported to a port outside the nearly closed Strait of Hormuz. Sources familiar with the matter said the state-owned oil producer has notified its equity partners that they are only allowed to load 80% of their remaining Murban crude quotas in March. The sources did not disclose the specific reasons but indicated that cargoes of the UAEs flagship Murban crude can still be picked up from the port of Fujairah. Previously, ADNOC had stated that these cargoes would need to be picked up from the port of Jabel Dana in the Persian Gulf, meaning they would need to cross the Strait of Hormuz. ADNOCs move comes as the Middle East conflict enters its second week, following several cases of Asian refiners being unable to pick up their March shipments. Traders familiar with the situation said some buyers Middle East orders have been cancelled due to a lack of shipping options.Market news: Abu Dhabi National Oil Company cut crude oil supplies from its onshore partners by about one-fifth this month.Japanese Economy, Trade and Industry Minister Ryomasa Akazawa: Japanese companies are seeking alternative sources of crude oil, including the United States, Central Asia, and South America.On March 13, Japanese Finance Minister Satsuki Katayama told reporters that the government is prepared to take all necessary measures regarding foreign exchange under any circumstances and is constantly monitoring the impact of rising oil prices on peoples daily lives. Katayama stated that it is evident that financial markets (including foreign exchange) are experiencing significant fluctuations in response to developments in the Middle East. She declined to comment on specific exchange rate levels. When asked whether it would be difficult to intervene in foreign exchange given the current situation where the yens depreciation is driven by soaring oil prices, Katayama said she should avoid commenting. She also stated that Japanese authorities are maintaining very close communication with US authorities, even closer than usual.March 13th - The State Administration for Market Regulation announced today that in 2025, market regulators handled 22 monopoly cases, imposing fines and confiscations totaling 653 million yuan. Focusing on key drugs such as those in short supply, emergency medications, and commonly used drugs, market regulators vigorously promoted the investigation and handling of major monopoly cases in the pharmaceutical field. They investigated and prosecuted a monopoly case involving neostigmine methyl sulfate injection, imposing fines and confiscations of 223 million yuan; and investigated a monopoly agreement case involving dexamethasone sodium phosphate raw materials, imposing fines and confiscations of 362 million yuan. The organizers were fined the maximum penalty of 5 million yuan, and related companies were fined 8% of their previous years sales revenue, leading to a price reduction of nearly 94% for related drugs.
