Shanghai Futures Exchange Energy Inventories: Fuel Oil Falls 54,320 Tons on May 8

GateNews

According to Shanghai Futures Exchange data released by Golden Ten Futures on May 8, energy and chemical futures warehouse inventories saw mixed movements. Fuel oil inventories declined sharply by 54,320 tons to 64,030 tons, marking the largest single-day drop. Low-sulfur fuel oil warehouse inventories decreased by 4,000 tons to 27,570 tons, while petroleum asphalt factory warehouse inventories fell by 2,440 tons to 21,790 tons. Pulp futures warehouse inventories rose modestly by 935 tons to 198,978 tons. Other contracts including crude oil, gasoil, and coated paper remained flat.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

EU Allows Jet A Fuel Use for Airlines Amid Hormuz Strait Supply Disruption on May 8

According to EU announcement on May 8, the European Commission will allow European airlines to use Jet A fuel, a type more commonly available in the United States, to address supply disruptions caused by the Hormuz Strait closure. The move aims to help carriers cope with fuel shortages after the

GateNews2m ago

Turkey Plans New LNG Deal with Algeria This Year to Supply Southeast Europe

Turkey's Energy Minister announced plans to reach a new liquefied natural gas agreement with Algeria this year, with the goal of transporting part of the gas supply to Southeast Europe.

GateNews53m ago

Chinese-Owned Oil Tanker Attacked in Strait of Hormuz on May 8, No Casualties Reported

According to China's Foreign Ministry spokesperson Lin Jian, a Marshall Islands-flagged oil tanker with Chinese crew members was attacked near the port of Al Fujairah outside the Strait of Hormuz on May 8, with its deck catching fire. The Foreign Ministry confirmed that as of the latest update, no c

GateNews1h ago

China Raises Fuel Prices 320 Yuan Per Ton Starting May 8 24:00, 92# Gasoline Up 0.25 Yuan Per Liter

According to China's National Development and Reform Commission (NDRC), domestic fuel prices will rise effective 24:00 on May 8. The NDRC Price Monitoring Center noted that during the current pricing cycle (April 21 24:00 to May 8 24:00), international oil prices rose initially then declined.

GateNews1h ago

Indonesia to Launch EV Incentives June 2026

Indonesia plans to launch electric vehicle incentives in early June 2026 to cut fuel use and reduce oil imports, according to Finance Minister Purbaya Yudhi Sadewa. The government has prepared a budget for the program targeting 100,000 electric cars and 100,000 electric motorcycles this year.

CryptoFrontier2h ago

Ukrainian Forces Strike Russian Oil Facilities in Yaroslavl, 700km Away

According to President Zelenskyy, Ukrainian forces attacked Russian oil facilities located in Yaroslavl on May 8, approximately 700 kilometers from Kyiv.

GateNews2h ago
Comment
0/400
No comments