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The end of summer means the end of long days, beach vacations and many of our outdoor activities. It also means kids going back to school and a return to our normal everyday routine. It also marks the start of respiratory illness season.

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Sinopec Sees China Oil Demand Falling 8.9% in 2026

China’s Sinopec, the world’s top refiner by capacity, expects Chinese oil demand to drop by 8.9% in 2026 from a year earlier amid demand destruction from higher oil prices and the acceleration of electric vehicle adoption.



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Stocks and Treasuries sold, while oil surges as Middle East tensions escalate - Newsquawk US Market Wrap

Yemeni Houthis reportedly on the verge of complete control over the Bab al-Mandab Strait; Iran is reportedly producing ballistic missiles again; Houthis take control of Red Sea City, maintain view that Red Sea navigation isn't safe for Saudi vessels; Very strong US 30yr auction; ECB hikes rates by 25bps as expected; US admin yet to decide on refined copper tariffs; US Existing Home Sales decline as expected; Chinese AI chipmakers have reportedly lifted prices amidst higher memory prices.