Brent crude oil surges 4% to a seven-week high as geopolitical risks continue to rise

智通财经2026/07/22 08:21

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(1) On Wednesday, Brent crude oil futures soared by about 4%, reaching a seven-week high of $94.5 per barrel, marking the fourth consecutive trading day of gains. Escalating geopolitical tensions have sparked market concerns about global supply. US President Trump downplayed the possibility of negotiating with Iran in the short term and warned of broader military actions, including potential strikes on suspected nuclear facilities at Pickaxe Mountain, while pledging retaliation if Yemen’s Houthi forces disrupt shipping in the Red Sea.(2) The US military has carried out strikes against Iran for the 11th consecutive day, and the strait remains open for now.

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National Bureau of Statistics: The decline in crude oil processing has narrowed. In July, the crude oil processing volume of industrial enterprises above designated size was 53.11 million tons, a year-on-year decrease of 15.8%, with the decline narrowing by 1.9 percentage points compared to June; the daily average processing volume was 1.713 million tons. From January to July, the crude oil processing volume of industrial enterprises above designated size was 396.96 million tons, a year-on-year

智通财经•2026/08/17 07:16

National Bureau of Statistics: In July, the raw coal output of large-scale industrial enterprises was 340 million tons, a year-on-year decrease of 10.1%; the daily average output was 11.07 million tons. From January to July, the raw coal output of large-scale industrial enterprises was 2.7 billion tons, a year-on-year decrease of 2.9%.

智通财经•2026/08/17 07:16

National Bureau of Statistics: Natural gas production remained stable. In July, industrial-scale natural gas output reached 21.4 billion cubic meters, down 0.9% year-on-year; with an average daily output of 6.9 million cubic meters. From January to July, industrial-scale natural gas output totaled 154.3 billion cubic meters, an increase of 1.2% year-on-year.

智通财经•2026/08/17 07:16

National Bureau of Statistics: In July, the raw coal production of industrial enterprises above designated size decreased year-on-year, crude oil production shifted from decline to growth, natural gas production remained stable, and electricity generation was stable and orderly.

智通财经•2026/08/17 07:11