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Qatar Energy Stated That The Merlin-1X Exploration Well Yielded "exciting Underground Exploration Results," Demonstrating Good Reservoir Quality, Light Crude Oil, And Minimal Associated Natural Gas
The U.S. Energy Information Administration (EIA) Now Projects A Decline In Global Oil Demand In 2026, Reversing Its Previous Forecast Of Slight Growth
The U.S. Energy Information Administration (EIA) Now Expects OECD Oil Inventories To Fall To Their Lowest Level Since 2003
The U.S. Energy Information Administration (EIA) Stated That Disruptions In The Strait Of Hormuz Forced Middle Eastern Producers To Cut Output By More Than 11 Million Barrels Per Day From Pre-war Levels In May
Spot Silver Fell Below $65/oz, Down 4.63% On The Day. New York Silver Futures Plunged 5% On The Day, Currently Trading At $65.16/oz. Spot Gold Is Currently Trading At $4255.35/oz, Down 1.7% On The Day
The U.S. Energy Information Administration (EIA) Predicts That Oil Production Disruptions In Parts Of The Middle East Will Continue Until The End Of 2027, Exceeding The Scope Of The Short-Term Energy Outlook
The U.S. Energy Information Administration (EIA) Now Assumes That Oil Shipments Through The Strait Of Hormuz Will Resume In The Third Quarter Of 2026. Traffic Through The Strait Of Hormuz Is Not Expected To Return To Pre-war Levels Before Early 2027
The U.S. Energy Information Administration (EIA) Projects That U.S. Oil Production Will Average 13.83 Million Barrels Per Day In June, Up From 13.71 Million Barrels Per Day In May; July Production Is Projected To Average 13.82 Million Barrels Per Day
The U.S. Energy Information Administration Projects Global Oil Demand At 102.9 Million Barrels Per Day In 2026, Down From Its Previous Forecast Of 104.2 Million Barrels Per Day; And Projects Demand At 105.3 Million Barrels Per Day In 2027
[Bitcoin Falls Below $61,000] June 10th, According To HTX Market Data, Bitcoin Fell Below $61,000, Now Trading At $60,958, A 24-hour Decrease Of 4.61%
The U.S. Energy Information Administration Projects U.S. Oil Production At 13.72 Million Barrels Per Day In 2026, Up From Its Previous Forecast Of 13.65 Million Barrels Per Day; And Projects Production At 14.15 Million Barrels Per Day In 2027
The U.S. Energy Information Administration Projects That Brent Crude Oil Prices Will Average $95.39 Per Barrel In 2026, Up From Its Previous Forecast Of $94.85 Per Barrel; The Forecast For 2027 Is $79.39 Per Barrel
Both WTI And Brent Crude Oil Prices Continued To Fall, With Brent Crude Down 4% And WTI Crude Down 4.6% On The Day
Spot Gold Weakened After Rising To An Intraday High Of $4,363.66 Per Ounce, And Has Now Fallen Below $4,270 Per Ounce, Down 1.40% On The Day

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China regrets New START's end, urging US-Russia dialogue for global stability while clarifying its own nuclear stance.
China's foreign ministry has expressed regret over the expiration of the New START treaty, the landmark nuclear arms agreement between the United States and Russia. Beijing is now urging Washington to resume strategic dialogue with Moscow to maintain global stability.
The treaty, which for over half a century placed limits on the strategic nuclear arsenals of both nations, officially lapsed on Wednesday. In response, Russia stated it remains open to security discussions but will counter any emerging threats.
Foreign ministry spokesperson Lin Jian articulated China's position, describing the treaty's expiration as a regrettable development with serious implications.
"China regrets the expiration of the New START Treaty, as the treaty is of great significance to maintaining global strategic stability," Lin stated. He noted widespread international concern that the treaty's end could negatively impact the global nuclear arms control framework.
Following Russia's proposal to continue observing the treaty's core limitations, China has called on the United States to engage constructively.
"China calls on the United States to respond positively, handle the treaty's follow-up arrangements responsibly, and resume strategic stability dialogue with Russia as soon as possible," Lin added, emphasizing that this reflects the expectations of the international community.
The foreign ministry also took the opportunity to reiterate China's established nuclear policy. Lin emphasized that China adheres strictly to a self-defense strategy and maintains its nuclear forces at the minimum level required for national security.
"China has consistently adhered to a self-defense nuclear strategy, abided by the policy of no first use of nuclear weapons and has made unconditional commitments not to use or threaten to use nuclear weapons against non-nuclear-weapon states or nuclear-weapon-free zones," he explained.
Lin also addressed China's role in future arms control negotiations, stating that its arsenal is not comparable in size to those of Washington and Moscow. Citing this disparity, he confirmed that China will not participate in their bilateral disarmament talks at this stage.
Meanwhile, the White House indicated this week that President Donald Trump would determine the future of U.S. nuclear arms control policy and would "clarify on his own timeline."
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