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Shanghai crude futures main contract (SC) rose in short-term trade, gains 3.50% to 719.4 yuan/barrel; low-sulfur fuel oil (LU) advanced 2.78% to 5,513 yuan/ton; fuel oil rose 2.92% to 4,236 yuan/ton; asphalt's intraday decline narrowed to 0.68% at 4,

2026-09-23

Shanghai crude futures main contract (SC) rose in short-term trade, gains 3.50% to 719.4 yuan/barrel; low-sulfur fuel oil (LU) advanced 2.78% to 5,513 yuan/ton; fuel oil rose 2.92% to 4,236 yuan/ton; asphalt's intraday decline narrowed to 0.68% at 4,955 yuan/ton.

Other News
2026-09-23

U.S. President Trump says he is pushing to restore unimpeded oil transit through the Strait of Hormuz.

U.S. President Trump says he is pushing to restore unimpeded oil transit through the Strait of Hormuz.
2026-09-23

IGU secretary-general Menelaos Ydreos said the war involving Iran has disrupted Gulf LNG flows and is making it harder for Europe to refill storage, prompting Europe to outbid Asia for cargoes at higher prices. Forward curves show traders now expect

IGU secretary-general Menelaos Ydreos said the war involving Iran has disrupted Gulf LNG flows and is making it harder for Europe to refill storage, prompting Europe to outbid Asia for cargoes at higher prices. Forward curves show traders now expect elevated prices and supply risk may persist through next summer before easing, a marked shift from expectations months ago that prices would fall after winter; concerns remain over potential impacts on major supplier Qatar's exports.
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