Macroeconomics
1. [Reverse Repurchase] The People's Bank of China (PBOC) announced on March 6, 2026, that it will conduct 800 billion RMB of outright reverse repurchase operations using a fixed-quantity, interest rate-based bidding process with multiple price levels. The term is 3 months (91 days).
2. [US Initial Jobless Claims] The number of Americans filing for unemployment benefits for the first time last week was 213,000, compared to an estimated 215,000 and a previous reading of 212,000.
3. [Shipping] On March 5, Evergreen Marine Corporation issued a notice to its customers, suspending new booking applications for the following countries and ports, including ports of origin (POL) and ports of destination (POD), until further notice: all ports in Bahrain, Kuwait, Qatar, the United Arab Emirates, Saudi Arabia (except Jeddah), and Iraq: Umm Qasr.
Energy
1. [Crude Oil] On March 5, international crude oil futures rose. US WTI crude oil futures for April delivery settled at $81.01 per barrel, up $6.35 or 8.5%. Brent crude oil futures for May delivery settled at $85.41 per barrel, up $4.01 or 4.9%. Escalating conflict in the Middle East disrupted supply and transportation, forcing major producers to cut production.
2. [Crude Oil] On March 5, Qatar Energy announced on Thursday that it would set the official selling price (OSP) for its April Marine crude oil at a premium of $0.05 per barrel over Oman/Dubai crude and its Land crude oil at a premium of $1 per barrel over Oman/Dubai crude.
3. [Crude Oil] On March 5, Saudi Aramco stated that it had set the official selling price (OSP) for its April Arab Light crude oil sold to Asia at a premium of $2.50 per barrel over the average Oman/Dubai price, an increase from the previous month.
4. [Petroleum Coke] On March 5, Shandong Dongfang Hualong Group quoted petroleum coke at 1,550 RMB/ton, up 50 RMB/ton from the previous trading day, with a sulfur content of 7.0 and a daily output of 800 tons of petroleum coke.
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