Asia Market Movers: BP sees oil demand rising 1% in 2025 and 2026, puts OPEC+ back in control

Thursday, 07 Aug, 2025 News BP sees oil demand rising 1% in 2025 and 2026, puts OPEC+ back in control BP CEO Murray Auchincloss said the oil market is returning to a more balanced dynamic, with global demand expected to grow by around 1% this year and again in 2026. Auchincloss was speaking in a CNBC Stocks Stupid tariff + stupid exemption + stupid (ridiculous) promise = AAPL share price jumps Here's the summary of the insanity: Trump says he'll hammer chip / semiconductor imports with a 100% tariff With me so far? Good. Trump then says that he'll exempt firms investing, or even intending t Learn more Central Banks PBOC is expected to set the USD/CNY reference rate at 7.1709 – Reuters estimate People's Bank of China USD/CNY reference rate is due around 0115 GMT. The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as News Further reports of Trump to slam an extra 15% tariff on ALL Japan imports Further reports of Trump to slam an extra 15% tariff on ALL Japan imports. Asahi newspaper citing White House official: U.S. to add 15% tariff on all Japanese imports U.S. will not apply exceptions to Stocks ICYMI - McDonald's Q2 2025 earnings: strong results from budget-conscious consumers Q2 EPS: Reported EPS: $3.14 Adjusted EPS (ex-items): $3.19 (vs. $3.14 est.) Revenue: $6.84B (vs. ~$6.7B est.) +5% y/y Global Comparable Sales: +3.8% (vs. +2.6% est.) U.S. Same-Store Sales: +2.5% (vs. Central Banks Hey Hey its Bank of England rate cut Day! The Bank of England is expected to cut its key interest rate from 4.25% to 4.0% on Thursday—its fifth reduction since August 2024. The move comes as the central bank faces conflicting pressures: a wea Stocks GM to launch four new vehicles in South and Central America by 2028 General Motors and Hyundai are expanding their partnership with plans to jointly develop five new vehicles targeting the Americas. The Wall Street Journal (gated) has the report. In brief: Four of the News Trump is threatening China with an extra 25% tariff over Russia oil buys. Trump was vague on this, but he couldn't stop his ego getting control of his mouth. Trump indicated he may introduce more tariffs on China, similar to the 25% duties he recently announced against Indi Learn more News Trump's 100% chips tariff has a big but (I like big buts and I cannot lie) As a recap of the earlier news: Trump promises very large, 100%, tariffs to come on chips and semiconductors Trump has announced a 100% tariff on all imported computer chips and semiconductors, aiming

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