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According to futures market news on December 24th, as of the week ending December 20th, Japanese commercial crude oil inventories decreased by 264,762 kiloliters from the previous week to 9,958,810 kiloliters. Japanese gasoline inventories increased by 69,303 kiloliters from the previous week to 1,783,685 kiloliters. Japanese kerosene inventories decreased by 118,036 kiloliters from the previous week to 2,154,773 kiloliters. The average operating rate of Japanese refineries was 89.3%, compared to 90.8% the previous week.Sources say BP expects to receive a net gain of approximately $6 billion.Sources say the deal will value Castrol at $10 billion, including debt.Sources say BP (BP.N) is close to reaching an agreement to sell a majority stake in Castrols lubricants division to Stonepeak.December 24th - From January to November, total electricity consumption in China reached 9,460.2 billion kilowatt-hours, a year-on-year increase of 5.2%, of which industrial power generation by enterprises above designated size was 8,856.7 billion kilowatt-hours. By sector, primary industry electricity consumption was 137.4 billion kilowatt-hours, a year-on-year increase of 10.3%; secondary industry electricity consumption was 6,043.6 billion kilowatt-hours, a year-on-year increase of 3.7%, with industrial electricity consumption increasing by 3.9% and high-tech and equipment manufacturing electricity consumption increasing by 6.4%; tertiary industry electricity consumption was 1,820.4 billion kilowatt-hours, a year-on-year increase of 8.5%, with charging and swapping services and information transmission, software and information technology services increasing by 48.3% and 16.8% respectively; and residential electricity consumption was 1,458.8 billion kilowatt-hours, a year-on-year increase of 7.1%.

The U.S. SEC denies Grayscale's request for a spot bitcoin ETF

Haiden Holmes

Jun 30, 2022 11:11


The U.S. Securities and Platform Commission said in a filing on Wednesday that it denied Grayscale's request to launch a spot bitcoin market-traded fund on Intercontinental Exchange Inc NYSE Arca exchange. Grayscale is one of the biggest digital asset managers in the world.


Grayscale did not immediately respond to a request for comment.


Over the last year, the SEC has rejected over a dozen applications for spot bitcoin ETFs, focused particularly on the lack of surveillance-sharing agreements with a large, regulated market for the underlying assets.


The price of bitcoin, the most popular digital currency, has plummeted by around 70 percent from its November high of over $69,000.