China’s imports of Iranian crude contracted by almost a third last month, in part due to subdued demand from private refiners after they saw higher shipments in June. https://t.co/eCyEbK52FD ...

Crude Oil Procurement - India's largest oil refiner acquired millions of barrels of crude oil from the US and UAE [1] Geopolitical Pressure - The South Asian nation faces increasing pressure from the US and Europe regarding its crude oil purchases from Russia [1]

Indian oil refiners are being squeezed by both the US and European Union’s efforts to target Russian energy flows, with processors scrambling to buy crude from alternative sources https://t.co/38SmX73ykH ...

India’s oil refiners, a vital source of demand for Russian crude, are seeking clarification from the government in New Dehli as to whether their purchases will be affected by Donald Trump’s latest social media post. https://t.co/SFUBeeb0S3 ...

Refiners Investment Strategy - The company is increasing exposure to refiners due to a seasonally strong period and the outperformance of reformulated gasoline and heating oil relative to crude oil [1][2] - Investment is spread across three refiner names: Phillips (PSX), Marathon Petroleum (MPC), and Valero (VLOO) to avoid isolating risk to a single company [3] Market Performance - Crude oil is down 5% year-to-date, while reformulated gasoline and heating oil prices are higher [2] - Baker Hughes' target price was raised by Morgan Stanley by $10, from $45 to $55 [3] - Baker Hughes is up 11% year-to-date [3] Baker Hughes' Strategy - Baker Hughes made an acquisition with Chart Industries to increase exposure to data centers and LNG [4] - Baker Hughes is diversifying away from oil and moving towards electricity [4]

Real Estate Market Trends - Investor purchases accounted for 30% of single-family home purchases (existing and newly built) this year [4] - High interest rates (hovering under 7%) are making it difficult for individual home buyers to qualify for mortgages [8] - Investors are buying new houses and making them available for rent, offering an alternative to buying for those who cannot afford it [9][16] - Smaller investors can be more nimble than larger private equity players due to fewer restrictions and no investment committee mandates [12][13] - Kinloch Partners rents out houses at roughly $1 per square foot, offering a 2500 square foot house for $2500 [18][19] Toy Industry & Tariffs - The toy industry is navigating tariffs, with a focus on trade deals between the US and China [21] - A toy manufacturer anticipates passing on about 20% of the 30% tariff, with the importer and retailer each absorbing 10% this year [25][26] - Tariffs will become a built-in cost in the product by 2026, leading to increased prices for consumers and lower profits for manufacturers [23] - Some toy manufacturers are deconstructing toys (e g, shipping without batteries or simplified packaging) to mitigate tariff costs [32][33][34] Market Performance & Analysis - The S&P 500 and Nasdaq closed up, with semiconductors, particularly Nvidia (market cap of $431 trillion), outperforming [2][39] - The US dollar surged due to an EU and US deal, causing a decline in the euro and negatively impacting metals [43][47][48] - Crude oil was one of the biggest gainers of the day [48]

European Union measures to restrict imports of Russian fuel and surging supplies of lighter crude are driving diesel up prices across the world, the boss of Europe’s largest oil refiner said https://t.co/o7oaj37MDB ...

China refined the most crude oil in nearly two years in June, as plants returned from seasonal maintenance to seize on better margins for fuels like diesel https://t.co/zrSzAs0Jgi ...

China’s push to stockpile crude will help offset softer commercial demand and keep imports “robust,” according to Energy Aspects https://t.co/08ctbUzzJl ...

China’s purchases of Iranian crude rose in June to the highest since March’s record levels, in part because of speedier loadings as sellers sought to avoid getting tangled in the country’s conflict with Israel, according to data from Vortexa https://t.co/f9kA4SjkRC ...