Real-time News

The U.S. Energy Information Administration reported that U.S. gasoline demand rose 1.0% year-on-year in March to 8.853 million barrels per day (compared to a 1.1% decline in February).

The U.S. Energy Information Administration reported that U.S. distillate fuel demand rose 0.3% year-on-year in March to 3.904 million barrels per day (compared to a 5.4% increase in February).

On May 29th, according to Iranian media Fars News, sources refuted Trump's latest claims about a possible agreement with Iran, stating that his remarks were "half true, half false" and aimed at fabricating a false victory. Almost everyone now sees that Trump's claims are completely unfounded. According to reports, the agreement text, drafted as a "reciprocal commitment," is currently in the final stages of Iran's domestic ratification process and no final decision has been made. In stark contrast, Trump has raised issues that contradict the terms of the agreement text. At the same time, he claims he will immediately lift the blockade. Trump's distortions of the core content of the agreement include: 1. Trump claims that Iran is obligated to open the Strait of Hormuz without receiving any fees; however, such a clause does not exist in the agreement text. 2. Trump claims that Iran will dismantle or destroy its nuclear materials. Sources emphasize that not only is there no such content in the memorandum of understanding, but Trump's claim is also utter nonsense. Key terms of the agreement that Trump deliberately avoided mentioning: 1. A crucial point that Trump didn't mention at all: the precondition for immediately unfreezing and paying Iran $12 billion in frozen assets. 2. A ceasefire in Lebanon. 3. Iranian officials also emphasized that the final agreement will be based on the principles and "red lines" of the Islamic Republic of Iran.

Russian President Vladimir Putin: Let them hand over the drone wreckage to Russia; we will provide our assessment.

On May 29, the U.S. Securities and Exchange Commission (SEC) is seeking to formally repeal a rule it considers a "serious overreach" of its authority, requiring publicly traded companies to disclose their greenhouse gas emissions and the risks posed to their operations by climate change. In a proposal released Friday to formally repeal the Biden-era regulation, the SEC stated that the rule, drafted in 2024 but never formally enacted, is "policy-untenable." SEC Chairman Atkins stated, "We're going to stick to our job. Let the Environmental Protection Agency (EPA) do their job, and we'll focus on our own."

The German DAX 30 index closed up 5.74 points, or 0.02%, at 25,108.35 on Friday, May 29; the UK FTSE 100 index closed down 20.62 points, or 0.20%, at 10,405.34 on Friday, May 29; the French CAC 40 index closed down 5.53 points, or 0.07%, at 8,183.34 on Friday, May 29; European... The Stoxx 50 index closed down 7.06 points, or 0.12%, at 6048.05 on Friday, May 29; the Spanish IBEX 35 index closed up 67.67 points, or 0.37%, at 18366.97 on Friday, May 29; and the Italian FTSE MIB index closed up 199.18 points, or 0.40%, at 50024.50 on Friday, May 29.

The U.S. Energy Information Administration reported that U.S. refined petroleum product supplies fell to 3.9 million barrels per day in March, the lowest level since December 2025.

The U.S. Energy Information Administration reported that New Mexico's oil production remained stable in March, reaching 2.31 million barrels per day.

The U.S. Energy Information Administration reported that U.S. gasoline exports fell to 803,000 barrels per day in March (compared to 865,000 barrels per day in February).

The U.S. Energy Information Administration reported that U.S. refined petroleum product exports rose to 3.409 million barrels per day in March (up from 2.986 million barrels per day in February).

May 29th - More than 90 days have passed since the US and Israel launched military action against Iran on February 28th. Although the conflict has been temporarily suspended, the ongoing military deployments are still costing the US military dearly. According to real-time data published by the independent research website "Iran War Cost Tracker," the US has spent over $95.5 billion on its military operations against Iran to date. This statistic is based on a report submitted by the US Department of Defense to Congress, which shows that US military spending in the first six days of the conflict was $11.3 billion, with daily spending thereafter estimated at approximately $1 billion. The website tallies the costs of personnel, warships, logistical support, and other ancillary expenses for the US military deployment.

The U.S. Energy Information Administration reported that U.S. distillate fuel exports rose to 1.341 million barrels per day in March (up from 1.141 million barrels per day in February).

The U.S. Energy Information Administration reported that Texas oil production fell to 5.78 million barrels per day in March, the lowest level since January 2026.

On May 29, European Commission President Ursula von der Leyen announced that the EU would unfreeze €16.4 billion in EU funds belonging to Hungary. Speaking at a joint press conference following talks with Hungarian Prime Minister Péter Majol, von der Leyen said the €16.4 billion includes €10 billion from the Next Generation EU initiative, €4.2 billion related to the conditions of the cohesion fund, and €2.2 billion released due to progress made by Hungary in university autonomy. Von der Leyen stated that the new Hungarian government and the European Commission reached an agreement on addressing corruption and the rule of law. Hungary has decided to join the European Prosecutor's Office to safeguard EU funds and has agreed to strengthen the powers of anti-corruption agencies and amend public procurement laws. Majol stated that this funding, equivalent to approximately 13% of the Hungarian government's annual budget, will be used to support SMEs, transportation, healthcare, education, energy infrastructure, and digital technology development.

The U.S. Securities and Exchange Commission (SEC) is moving forward with the repeal of climate risk disclosure rules from the era of former U.S. President Joe Biden.

Total CEO: It remains unclear whether Total will be able to legally commercialize natural gas from Russia's Yamal (LNG) project after January 1, 2027, as there are multiple interpretations of EU rules.

Ukraine's Security Service: Attacked a gas terminal in the southern Russian port of Tanlyuk.

U.S. Treasury Department: The U.S. and Vietnam will disclose foreign exchange data. Both the U.S. and Vietnam believe that foreign exchange intervention is appropriate during periods of market volatility.

On May 29, US President Trump stated that Iran must agree never to possess nuclear weapons. The Strait of Hormuz must be opened immediately, allowing unrestricted two-way traffic without any tolls. All mines must be cleared.