CITIC Securities: Global oil inventories sharply decrease, increasing the risk of energy shortages

金十2026/05/21 00:01

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Golden Ten Data reported on May 21 that a research report from China Securities stated that global oil inventories are plummeting, intensifying energy shortage risks. The conflict between the United States, Israel, and Iran has obstructed passage through the Strait of Hormuz, causing a record-speed decline in global oil inventories and increasing the risk of energy shortages this summer. The market has relied temporarily on previous excess inventories, exemptions from Russian oil sanctions, and strategic petroleum reserve releases by multiple countries to buffer the pressure, while high oil prices have triggered a contraction in global oil demand. Currently, international oil prices are fluctuating at high levels; U.S. refined oil prices have hit multi-year highs, oil products in several energy-importing regions in Asia are facing imminent shortages, weighing on regional economic growth. Oil prices may still have significant room for increase, making the accelerated development of renewable energy a long-term strategy for countries to mitigate energy risks.

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Goldman Sachs believes that the rapid rise in real interest rates has exerted more direct pressure on the US stock market, with rate-sensitive sectors such as small-cap and financial stocks being particularly affected. On the liquidity front, Goldman Sachs estimates that pension funds may sell around $3.3 billions in equities at the end of the month and quarter, and that CTAs may sell about $530 million worth of Russell 2000 index futures in the coming week. For the market, unless the issues of oil and interest rates are resolved, the AI narrative is "almost irrelevant."

华尔街见闻•2026/09/30 04:01

USD/JPY falls below 157! The yen becomes the strongest G-10 currency, with the market betting on another rate hike by the central bank next month.

On Wednesday, the yen strengthened against the US dollar, with the USD/JPY rate falling below the 157 mark, as repeated warnings from the Japanese government regarding exchange rates and end-of-quarter capital flows provided support for the yen.

智通财经•2026/09/30 03:41