SHFE to adjust transaction fees for listed fuel oil futures contract; effective from 10th March night session
Newsquawk Staff ·
SHFE to adjust transaction fees for listed fuel oil futures contract; effective from 10th March night session.
What it means
The Shanghai Futures Exchange (SHFE) adjustment of transaction fees for fuel oil futures is noteworthy as it signals a regulatory move that could impact trading volumes and liquidity in this market. Changes in transaction costs can affect trader behavior and the overall attractiveness of the contract, which might ripple through related markets such as WTI and broader energy commodities if traders adjust their strategies in response.
- US Weekly Private Energy Inventory Data (bbls): Crude -2.0mln (exp. +0.5mln), Gasoline +2.4mln (exp. -1.3mln), Distillate +0.4mln (exp. -0.9mln), Cushing -0.5mln
- CRUDE WRAP: WTI (Z6) SETTLES USD 1.86 LOWER AT 99.90/BBL; BRENT (F7) SETTLES USD 1.33 LOWER AT 109.41/BBL
- Russian refineries’ crude processing up 25% since drone attacks stopped in mid-October, according to reports, citing sources
- US President Trump says believes I will visit tanker in Texas with Venezuela oil; thinks Secretary of State Rubio will be with him; we are going to accept 1mln bbls of Venezuelan oil
- Russian Deputy PM Novak says domestic refineries are bringing units back online very quickly following maintenance. Russia and the US could begin cooperating on Arctic LNG projects
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