Jin10 data reported on September 4, that Canada's trade deficit narrowed in July due to an overall rise in exports, particularly driven by crude oil and passenger car exports to the United States. The data shows that Canada’s merchandise trade deficit in July was CAD 4.94 billion, down from CAD 5.98 billion the previous month, but still far higher than the same period last year. This marks the sixth consecutive month of trade deficits since Trump imposed tariffs on Canada, although it has improved compared to the record CAD 7.6 billion deficit in April. After the trade data was released, the Canadian dollar fell 0.2% against the US dollar. The yield on Canada’s two-year bonds dropped by 0.1 basis point to 2.61%.

Golden Finance reports, U.S. President Trump: I will understand how good the relationship with Russia is in the next week or two. There is no information to convey to Russian President Putin, he knows my position. In addition, Trump hinted at the implementation of second and third phase oil sanctions against Russia.

Jin10 data reported on September 3, Galaxy Securities' research report indicates that the recent focus of Brent crude oil prices is expected to decline, with an oil price range reference of 62 USD/barrel to 69 USD/barrel. Industry cost pressure is expected to ease, and the terminal demand during the "golden September and silver October" is expected to strengthen seasonally, making investment opportunities in light hydrocarbons, polyester filaments, modified plastics and other zones promising.

Syrian energy officials announced that Syria has exported 600,000 barrels of heavy crude oil for the first time in 14 years, marking the beginning of its economic recovery. This change occurs against the backdrop of the U.S. lifting sanctions, aimed at revitalizing an economy devastated by war.

According to Jin10 data on August 29, trade sources stated that Indian refiners have increased their purchases of U.S. crude oil this month, attracted by competitive prices. This move may help reduce India's trade surplus with the U.S. amidst strained Indo-U.S. relations. Trade sources mentioned that India's largest refining company, Indian Oil Corporation, has purchased 5 million barrels of WTI crude oil through tender, scheduled for delivery in October and November. Previously, another state-owned refining company, Bharat Petroleum, purchased 2 million barrels of U.S. WTI crude oil, while the private refining company Reliance Industries bought 2 million barrels of WTI crude oil from Vitol.

Jin10 data reported on August 28 that Hungary's Foreign Minister Szijjarto stated on the 28th local time that Hungary has banned the entry of Ukrainian officials who recently led the attack on the "Friendship" oil pipeline into Hungary and the Schengen Area. The Ukrainian side is well aware that the "Friendship" oil pipeline is crucial to Hungary's energy security, and that the attacks on the pipeline are not directed at Russia, but rather at Hungary and Slovakia. Szijjarto stated that the attack is an infringement on Hungary's sovereignty and must bear corresponding consequences.

On August 28, Jin10 reported that Golden Dragon Fish stated on its interactive platform that the actual production capacity for rice and wheat processing in the first half of 2025 has risen. However, the actual production capacity for oilseed crushing, oil refining, and oil filling has slightly decreased, mainly because the company will adjust according to raw material and market demand conditions.

Jin10 data reported on August 28, according to informed sources, the EU is considering introducing secondary sanctions to prevent third countries from helping Russia evade the punitive measures already imposed by the EU. The EU is currently formulating the 19th round of sanctions. Informed sources indicate that EU foreign ministers will meet later this week in Copenhagen, where they are expected to discuss a range of options. Ministers are expected to discuss the "anti-circumvention tool" that was passed in 2023 but has not yet been activated, which can prohibit the export, supply, or transfer of certain goods to third countries considered to be assisting in evading sanctions. Ministers are also considering further sanctions targeting Russian oil, gas, and the financial sector, as well as additional restrictions on the import and export of Russian goods. These discussions will take place informally and will not specifically focus on new sanction proposals.

Jin10 data reported on August 27 that, according to informed sources, during secret talks in Qatar with the Russian oil company, an executive from Exxon Mobil (XOM.N) discussed the possibility of the company returning to the massive Sakhalin project in Russia's Far East if the two governments grant permission in the Ukraine peace process. The Exxon executive has requested support from the U.S. government for the company's return to Russia and has received a positive response. According to senior government officials, Exxon Mobil CEO Darren W. Woods recently discussed this possibility with Trump at the White House. The Sakhalin-1 project is one of Exxon Mobil's largest investments, with the company responsible for operations and holding a 30% stake. Informed sources say that discussions about restoring cooperation between Exxon Mobil and Russian oil accelerated when Trump took office in January this year.

On August 26, Jin10 reported that Indian refiners, one of the largest buyers of Russian crude oil, plan to cut their purchase volumes in the coming weeks, just a day before the US is set to impose tariffs. This decision makes a mild concession to US hawks while signaling India's intention not to sever ties with Moscow. Sources reveal that Indian state-owned and private refineries, including major company Reliance Industries, are expected to purchase between 1.4 million and 1.6 million barrels of Russian crude oil per day during the shipping period in October and beyond. In contrast, India's average daily purchase of Russian crude oil in the first half of this year was 1.8 million barrels. Sources indicate that if India reaches a trade protocol with Trump and the US reduces pressure on India under the pretext of funding the Russia-Ukraine conflict, the purchase volume may be adjusted.

The U.S. Department of Homeland Security plans to impose a 50% tariff on Indian goods starting August 27, due to India's alleged import of Russian oil. Previously, Trump had signed an executive order imposing an additional 25% tariff on Indian goods, bringing the total tax rate to 50%.

Jin10 data reported on August 26, citing two informed sources, that Alberta, a major oil-producing province in Canada, is considering investing in Japan's refining industry to reduce its dependence on oil exports to the United States, its largest trading partner. The Alberta government is in preliminary negotiations with several Japanese crude oil refining companies to explore joint ventures to help finance the construction of coking facilities, enabling one or more Japanese companies to process heavy crude oil from Alberta's oil sands. This province has never invested in overseas energy infrastructure before, but since the expansion of the Trans Mountain pipeline last year, it is seeking to increase exports.

Jin10 data reported on August 20 that Evgeny Griva, Russia's deputy trade representative in India, stated that despite the possibility of higher U.S. tariffs, Russia still expects India to continue purchasing its oil. Griva said on Wednesday that India's imports of Russian oil may remain at current levels. This statement comes amid escalating tensions over U.S.-India tariffs. Trump has imposed a 25% tariff on Indian goods and threatened to raise it to 50% on August 27, with half of the penalties targeting India's purchase of Russian oil, which the U.S. believes helps fund Putin's war in Ukraine. India defends its right to procure from the cheapest sources, stating that the tariffs are "unreasonable." Griva noted that Russian oil is sold to India at about a 5% discount, leaving India with almost no alternative options. By mid-2025, India's imports of oil from Russia are expected to be around 1.7 million barrels per day, accounting for the total overseas procurement of the country.

Jin10 reported on August 20 that economists from CGS International analyzed that Malaysia's exports may decline in the second half of the year, with major risks including U.S. tariffs on semiconductors and weakening palm oil exports. Electrical and electronic products account for 43.5% of Malaysia's exports, with semiconductors making up as much as 68%, making policy impacts significant.

Jin10 data reported on August 19 that oil prices futures have dropped, as the U.S. efforts to promote a peace protocol between Russia and Ukraine have reduced the likelihood of additional sanctions against Russia or the imposition of related secondary tariffs on its oil buyers. Dennis Kissler of BOK Financial stated in the report: "The chances of reaching a peace protocol are rising, which is likely to lead to a relaxation of sanctions on Russian oil products, thus making global supply more oversupplied." "Seasonally, crude oil prices typically decline before mid-October, and this trend seems to align with the current movement."

Jin10 Data reported on August 19 that the Ukrainian Armed Forces General Staff announced on the 18th that Ukrainian unmanned systems forces attacked the Russian oil pumping station in Nikoliskoye in the early morning, in cooperation with other Ukrainian troops, causing the pumping operations to completely stop for the "Friendship" oil pipeline. The Ukrainian Armed Forces General Staff stated that after the attack, the oil pumping station in Nikoliskoye, Tambov Oblast, Russia caught fire. The Ukrainian military will continue to take measures to weaken Russia's military and economic potential to force the Russian military to completely cease military operations.

According to Jin10 data on August 18, the Russian stock market opened lower on Monday at the Moscow exchange, with the Russian MOEX index and the Russian Trading System Index (RTS) falling about 2.2%, as investors chose to take profits following the meeting between the Russian and US presidents in Alaska last Friday. This meeting did not yield any breakthrough decisions but facilitated further dialogue between the two sides on resolving the Ukraine conflict. A supporting factor is the improvement in global stock market sentiment and the stabilization of oil prices (Brent crude futures hovering around $66 per barrel).

Bitcoin (BTC) showed low trading volume over the weekend, reporting around $117,230 during the Asian session on August 18. U.S. President Trump stated that he would delay increasing tariffs on Chinese goods due to China's purchase of Russian oil. After launching an attack on Monero (XMR), Qubic is now targeting DOGE. Japan announced that it will approve the first batch of yen-backed stablecoins this fall.

Jin10 data reported on August 17 that the Indian business finance news network NDTV Profit cited sources as saying that the U.S. trade negotiating representative canceled the scheduled trip to India for talks from the 25th to the 29th of this month, leading to the loss of hope for reaching an agreement before the deadline on the 27th. According to Reuters, the authenticity of the report has not yet been confirmed. Previously, the representatives of the two countries had conducted five rounds of negotiations, but the talks broke down after India refused to open its agricultural and dairy markets and stopped purchasing Russian oil.

According to ChainCatcher news, reported by Jin10, if Putin opposes a ceasefire, the US is considering imposing sanctions on Russian oil companies Rosneft and Lukoil.

Jin10 data reported on August 15, when Trump and Putin met in Helsinki in 2018, their close interaction shocked allies. Today, the two will meet again, and the world is closely following whether Trump will show a tough stance or once again appease Putin. Dan Fried, a diplomat who has served multiple U.S. administrations, stated that there is every reason to be concerned that Trump could be deceived by Putin into reaching a bad deal at the expense of Ukraine. Another possibility is that the White House will eventually realize that Putin is still toying with them. The Trump administration is trying to lower external expectations; White House Press Secretary stated on Tuesday that this meeting is merely for "listening to opinions." Russia has shown no signs of concessions, and Ukraine is worried that Trump will bypass them in negotiations. Nicholas from the Center for Strategic and International Studies pointed out that last week Trump imposed a 25% tariff on Indian purchases of Russian oil, indirectly putting pressure on Moscow, but has yet to fulfill threats of harsher sanctions. Currently, the deadline for sanctions promised by Trump has been repeatedly postponed.

Jin10 data, August 15 - Barclays analysts said in a report that if the Russia-U.S. summit makes substantial progress in resolving the Russia-Ukraine conflict, the euro and Central and Eastern European currencies could strengthen. They stated that the euro, Hungarian forint, Polish zloty, and Czech koruna would benefit the most from any Favourable Information, as these currencies are very sensitive to oil supply shocks and the Central and Eastern European region is close to the conflict area. In contrast, due to the safe-haven status of the Swiss franc, if progress is made towards a ceasefire, the Swiss franc may fall. The Norwegian krone and Brazilian real may also come under pressure due to their identification as oil-producing countries.

Jin10 data on August 14 reported that Thierry Wizman, a global forex and interest rate strategist at Macquarie Group, pointed out that the potential peace protocol between Russia and Ukraine could be a double-edged sword for the euro. The prospect of a peace protocol or indefinite ceasefire would weaken the buying of geopolitical safe-haven assets such as the Swiss franc and yen seen last week, and drive capital flows towards the euro; but it would also provide greater energy security and drop energy costs, as oil prices are expected to fall. In contrast to the "peace" narrative, the conflict may also boost the prospects for European rise and re-inflation, as it has triggered new commitments to increase European defense spending and related infrastructure spending. Therefore, after emphasizing the double-edged sword effect of the potential peace protocol on the euro, Wizman stated that if a ceasefire or comprehensive peace protocol is reached, the euro/USD will further rise amidst still high European defense spending.

According to BlockBeats news on August 14, data from 8marketcap shows that BNB market capitalization has surpassed 120 billion USD, overtaking ConocoPhillips, one of the largest independent upstream oil and gas exploration and production companies in the world, and rising to the 181st position in global asset market capitalization.

Analysts from Baosheng Group pointed out that India does not need to continue purchasing Russian crude oil to avoid U.S. tariff suppression. Although the proportion of Russian crude oil in India's imports is rising, the discount is decreasing, and if procurement continues, it may have a significant negative impact on India's GDP, especially in highly competitive industries.

Today's financial highlights include Germany's CPI, the IEA oil market report, and the US EIA crude oil inventory data. Meanwhile, Fed officials will speak on monetary policy and economic outlook, and the Bank of Canada will also release the minutes of its monetary policy meeting.

Jin10 data, August 13: EIA Short-Term Energy Outlook Report: It is expected that the average price of Brent crude oil will be $67.22 per barrel in 2025, down from the previous forecast of $68.89 per barrel; the forecast for 2026 is $51.43 per barrel (previously forecasted at $58.48 per barrel). The average WTI price is expected to be $63.58 per barrel in 2025, down from the previous forecast of $65.22 per barrel; the forecast for 2026 is $47.77 per barrel (previously forecasted at $54.82 per barrel).

Oil analyst Matt Simpson pointed out that WTI crude oil futures are demonstrating a bearish trend, forming a "bearish engulfing" pattern, and the breakout at $75 is a false breakout. Futures are expected to decline to $60 per barrel, with technical indicators showing room for downside.

Jin10 reported on August 12 that international oil prices rose slightly on the 11th. As of the close of that day, the price of light crude oil futures for September delivery on the New York Mercantile Exchange increased by 8 cents, closing at $63.96 per barrel, a rise of 0.13%; the price of Brent crude oil futures for October delivery rose by 4 cents, closing at $66.63 per barrel, a rise of 0.06%.

Jin10 data, August 12 - After falling more than 4% last week, crude oil closed flat on Monday as investors awaited talks between the U.S. and Russia on the Ukraine issue this week. "As the market waits for Friday's key meeting, recent dumping of crude oil has temporarily stopped," said StoneX analyst Alex Hodes in a report on Monday.

On August 11, Jin10 reported that Francesco Pesole, an analyst at ING, stated in a report that the summit held on Friday between U.S. President Trump and Russian President Putin regarding the Russia-Ukraine conflict could impact the euro. "If a ceasefire is achieved in the coming weeks, the euro may perform well, particularly against the U.S. dollar, Japanese yen, and Swiss franc." Since early August, hopes for a Russia-Ukraine truce have led to a drop in oil prices. However, he noted that considerable uncertainty surrounds the outcome of the negotiations, and the recent decrease in G-10 currencies' sensitivity to the Ukraine conflict could limit any impact on the euro.

Jin10 data on August 11 reported that as oil prices fell ahead of President Trump's talks with Russian President Putin, European oil stocks declined. Victoria Scholar, investment director at Interactive Investor, stated that this meeting may ultimately lead to the end of sanctions on Russian oil. On the London market, Shell's stock price fell by 0.5%, BP fell by 0.45%; France's TotalEnergies fell by 0.4%, Spain's Repsol fell by 0.7%, and Portugal's Galp Energia fell by 0.6%.

Crude oil prices are falling, and traders are following the meeting between Trump and Putin. Analysts point out that the failure to impose stricter sanctions on Russia is one of the reasons for the weakening prices, and market concerns about the global demand outlook are increasing pressure on oil prices.

As of 2:30 PM close, the Shanghai gold market maker contract rose by 0.12%, reported at 787 yuan/gram, the Shanghai silver market maker contract rose by 0.02%, reported at 9279 yuan/kilogram, and the SC crude oil market maker contract fell by 0.40%, reported at 494 yuan/barrel.

The profitability of U.S. refiners is expected to improve in the second half of the year due to a rebound in heavy crude oil supplies, particularly from Canada and the Middle East. Refiners are adjusting their plants to process more discounted heavy crude oil, and the price spread is expected to widen. Regulatory adjustments in California may also promote a recovery in oil drilling.

The United Nations Food and Agriculture Organization reported that global food commodity prices reached their highest level in more than two years in July, influenced by the rise in international meat and vegetable oil prices, with the food price index at 130.1 points, a 1.6% increase from June. Although lower than the peak in 2022, the rise in meat and vegetable oil prices offset the decline in prices of other food categories.

Jin10 reported on August 8 that a source in the Indian oil industry stated that Indian companies continue to import Russian oil, and transactions with Russia have not stopped, although the quantity may have decreased. The source noted: "All companies support commercially beneficial transactions, and we will continue to purchase Russian oil or any other cheaper oil."

The S&P Global Commodity Insights report states that although the global economy has not fallen into a severe recession, the global demand for crude oil is expected to rise significantly slower in 2025, with an increase of 635,000 barrels per day, due to weak consumption and high tariffs. Major traders also warn of further market slowdown.

Odaily News According to monitoring by NLNico, Union Jack Oil and Reabold Resources announced plans to mine Bitcoin using idle natural gas from West Newton through 360 Energy. Union Jack Oil sees this as part of its future Bitcoin reserve strategy. Reabold Resources aims to achieve a higher Return on Investment by mining Bitcoin compared to direct purchases.

On August 6, Jin10 data reported that, according to foreign media, Trump made the decision to impose tariffs on India after five rounds of fruitless trade negotiations. The U.S. demanded greater access to the Indian agriculture and dairy markets, leading to a deadlock in negotiations. Indian officials privately acknowledged that the pressure to return to the negotiating table is increasing. A potential compromise could include a phased reduction of oil imports from Russia and diversification of energy sources. A senior Indian official stated that as the two countries continue to discuss trade issues, the Indian government is caught off guard by the sudden imposition of new taxes and high tax rates.

Trump plans to impose a 25% tariff on imports from India starting August 27 to punish India for continuing to purchase Russian oil. This move aims to warn other countries about the consequences of sanctions, while also promoting U.S. oil exports and reducing India's dependence on Russia.

Jin10 reported on August 6 that a day before the U.S. equivalent tariffs take effect on the 7th, India has been hit with an additional 25% tariff by U.S. President Trump, citing the same reason of India's purchase of Russian oil. On July 31, Trump announced that a 25% tariff would be imposed on Indian products exported to the U.S., leaving hints that additional penalties would be applied due to India's procurement of Russian oil. On the 6th, Trump signed an executive order announcing an additional 25% tariff on India.

Jin10 data reports on August 6 that Saudi Arabia will set the official selling price (OSP) of Arabian Light crude oil for September sales to Asia at a contango of $3.20 per barrel compared to the Oman/Dubai average price, with the contango for August being $2.20 per barrel. The official selling price (OSP) of Arabian Light crude oil for September sales to the United States will be at a contango of $4.2 per barrel compared to the Oman/Dubai average price, and the official selling price (OSP) for September sales to Northwest Europe will be at a contango of $3.35 per barrel compared to the Oman/Dubai average price.

This article lists the upcoming economic data and the speeches of Fed officials, including the US API crude oil inventory, Eurozone retail sales, global Supply Chain pressure index, and government bond auctions, aimed at following market dynamics and economic trends.

Jin10 reported on August 4th that U.S. President Trump recently posted on social media: "India is not only buying a large amount of Russian oil, but is also reselling a significant portion of it on the open market for huge profits. Because of this, I will significantly increase the tariffs that India pays to the U.S."

The IMF stated that Saudi Arabia has cut enough spending that no further fiscal adjustments are needed even if oil prices fall. Saudi Arabia plans to reduce its 2025 spending to 1.285 trillion riyals by the end of 2024, and it is expected that this year's fiscal deficit will rise to 4%.

BP has achieved its largest oil and gas discovery in Brazil's offshore deepwater area in 25 years, with a thickness of about 500 meters, marking a turning point in its performance. The company is seeking to establish a production hub in Brazil to further enhance its strength.

On August 4, Jin10 News reported that the Japanese government will collaborate with Japanese and American companies to establish gallium production facilities in Australia and build its own gallium production system. Gallium is an essential mineral for the manufacture of semiconductors. The Japan Oil, Gas and Metals National Corporation (JOGMEC), which is under the Ministry of Economy, Trade and Industry of Japan, will establish a joint venture in Australia with the major trading company Sojitz Corp. and Alcoa Corp. of the United States, with production expected to begin in 2026. Alcoa already has an aluminum smelter in Australia.

Jin10 reported on August 2 that according to The New York Times, U.S. President Trump previously stated that he would punish India if it did not cut off oil imports from Russia, but did not specify what the possible punitive measures might be. Indian officials said on Saturday that despite Trump's threats of punishment, they would continue to purchase cheap oil from Russia. The New Delhi side originally believed that this issue had been resolved, but new complications have emerged. Two senior Indian officials stated, "There has been no change in policy." One official said the government "has not issued any instructions to oil companies" to reduce imports from Russia.

Jin10 data August 1 news, as the deadline for US tariffs has passed, oil futures are hovering between slight rises and falls, with tariffs set to be implemented on August 7, increasing concerns about demand. Ritterbusch Consulting noted in a report: "The reason oil prices are gaining support is that the market needs to maintain a risk premium for at least a week due to the potential secondary sanctions against countries importing Russian oil. The weak expected path for economic and oil demand growth is currently mainly limited to the refined oil market."