Saudi crude oil supply to China is set to rise to at least 53mln barrels in March, according to sources
The increase in Saudi crude oil supply to China suggests a strong demand outlook from one of the world's largest consumers.
Turkish top diplomat says US and Iran are showing flexibility on a nuclear deal, according to FT
RBA Assistant Governor Hunter says need to assess extent to which recent rise in inflation is temporary, adds labour market has stabilised recently, but remains a bit tight; expects labour markets to remain tight and inflation above target for some time
Saudi crude oil supply to China is set to rise to at least 53mln barrels in March, according to sources
Lenovo (992 HK) Q3 (USD) net 546mln (prev. 693mln Y/Y), pre-tax profit rose 48% Y/Y to 803mln, rev. 22.2bln (prev. 18.8bln Y/Y)
South Korean MPs say North Korea is accelerating its program to develop and manufacture drones based on experience from the Russia-Ukraine battlefield, citing the spy agency
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This uptick could weigh on oil prices, particularly WTI and Brent, as it indicates tightening supply dynamics and may affect inventory levels. Traders should monitor potential price movements and implications for inflation in energy-sensitive markets.
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