Japan & American Petroleum Institute

Japan: Japan protested the 12.5% tariff, arguing it violates prior trade assurances and is based on insufficient grounds.

American Petroleum Institute: API asked USTR to drop duties on industrial inputs critical to the oil and gas industry.

Japan: Japan's economy is affected by the Iran war, with its stock market experiencing volatility and firms reporting sharp rises in input costs due to higher raw material prices.

American Petroleum Institute: The American Petroleum Institute's chief economist noted that India's constrained LPG supply is adding pressure to an already tight United States — California gasoline market due to reduced alkylate exports.

Japan: Japan>>>'s wholesale inflation has accelerated, adding to the case for interest rate hikes by the Japan — Bank of Japan, partly influenced by global price pressures from the war.

American Petroleum Institute: The American Petroleum Institute>>> released data showing a significant fall in US crude oil inventories, contributing to concerns about supply.

Japan: The Japanese market is trading sharply higher, driven by positive global cues and strong performance in index heavyweights and financial stocks. Economic data for Japan also showed positive trends in retail sales and industrial production.

American Petroleum Institute: The American Petroleum Institute provided figures on US crude oil, gasoline, and distillate inventories.

Japan: Japan's Nikkei 225 index jumped to another record, indicating positive market performance despite global tensions.

American Petroleum Institute: The American Petroleum Institute reported a seventh straight week of falling US crude oil inventories, contributing to the bullish sentiment in the oil market. Its data provides key insights into US oil stockpiles.

American Petroleum Institute: The American Petroleum Institute reported that US crude oil inventories jumped for the third straight week.