LNG: Arctic LNG 2 Cargo Appears to Unload in China
Aug-29 08:07
Arctic LNG 2 Cargo Update: The Arctic Mulan vessel appears to have unloaded a cargo of LNG from the sanctioned Arctic LNG 2 project, Bloomberg said.
- The ship’s draft has been updated to show 8.7m after departing compared to 9.8m previously, suggesting a discharged of LNG.
- The delivery would be the first ever commercial sale from Russia's Arctic LNG 2 project after struggling to find buyers for the sanctioned cargoes since initial startup last year.
- Regular purchase of cargoes from Arctic LNG 2 could add to the upcoming wave of new global LNG supply. The sanctioned project is a key export hub for achieving Russia’s goal of tripling LNG production by 2030 and penetrate new gas markets around the world.
- The US has so far not suggested a tightening of measures against buyers of Russia LNG as it seeks to drive the Ukraine peace progress forward.
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OIL: Russia Supply Concerns Continue To Underpin, Despite U.S. & OPEC Capacity
Jul-30 08:07
Crude prices remain underpinned after registering strong gains so far this week, despite the bounce in the USD.
- Our commodities team note that oil prices pushed above the recent range after U.S. President Trump outlined the new early August deadline for a Russia/Ukraine ceasefire.
- Looking forwards, focus is on the risk of supply disruption from further sanctions on Russian oil, but President Trump doesn’t appear concerned about supply matters, suggesting the U.S. will increase its oil output to counter any related disruptions.
- Elsewhere, OPEC is expected to increase its production target for September at its August 3 meeting. Many analysts expected the rise to lead to a market oversupply later this year and into 2026.
MNI: ITALY Q2 FLASH GDP -0.1% Q/Q
Jul-30 08:06
- MNI: ITALY Q2 FLASH GDP -0.1% Q/Q
ECB: July Wage Tracker Headline Figures
Jul-30 08:02
- ECB Wage tracker excluding one-off payments in Q4 2025: 3.111% Y/Y (vs 3.082% in the June iteration).
- ECB Wage tracker excluding one-off payments in Q1 2026: 2.610% Y/Y (no prior)
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