SunSirs: Energy Industries Bulk Commodity Intelligence (September 7, 2026)

Macroeconomics

1. [Reverse Repo] To maintain ample liquidity in the banking system, the People's Bank of China (PBOC) will conduct outright reverse repo operations totaling 500 billion RMB on September 7. The operation will utilize a fixed-quantity, interest-rate tender with multiple-price winning bids; the term is three months (89 days), with a maturity date of December 5 (postponed if falling on a holiday).

2. [US-Iran Conflict] On the 5th (local time), the US-Iran military conflict continued; the US military claimed to have struck three Iranian oil tankers that day. Subsequently, Iran stated that "out of desperation over the blockade of the Strait of Hormuz, the US military attacked three Iranian tankers, causing damage." In response, Iran attacked multiple oil tankers and US vessels while warning ships in the Persian Gulf to avoid traversing illegal shipping lanes.

On the 6th (local time), Rezaei, Secretary of Iran's Supreme National Security Council, announced that the Strait of Hormuz region would be declared a "no-go zone" in the coming days, extending from the US Navy blockade line to certain waters within the Persian Gulf. Vessels entering this zone would be placed on a sanctions list.

3. [US Non-farm Payrolls] Data released by the US Bureau of Labor Statistics showed that US non-farm payroll employment increased by 162,000 in August, far exceeding the market expectation of 56,000. The US unemployment rate for August stood at 4.1%, in line with market expectations.

Energy

1. [Crude Oil] International crude oil futures closed higher on September 4. The settlement price for the US WTI crude oil futures contract for October delivery was $91.48 per barrel, up $0.18 or 0.2%. The settlement price for the Brent crude oil futures contract for November delivery was $96.28 per barrel, up $0.76 or 0.8%.

2. [Crude Oil] The Organization of the Petroleum Exporting Countries (OPEC) issued a statement on the 6th announcing that seven major OPEC oil-producing nations had decided to keep October crude oil production unchanged from September levels, reaffirming their commitment to maintaining market stability.

3. [Crude Oil] Maritime shipping tracker TankerTrackers released a report stating that Iraq's oil exports in August fell by 36% compared to levels prior to the outbreak of the US-Iran conflict.

4. [Gasoline and Diesel] The national average retail price of diesel in the U.S. rose to $5.85 per gallon—an increase of 6.68 cents from the previous day—setting a new all-time high. As of September 4, the national average price for regular gasoline stood at $4.1474 per gallon, up approximately 30% from a year ago, while diesel prices had risen by about 58% over the same period.

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