In the United States, the utilization rate of EIA refinery equipment in the week to May 12 was 92%, expected to be 91.5%, and the previous value was 91%.

In the United States until May 12, the EIA new formula gasoline inventory was 3,000 barrels, the previous value was -0.5 million barrels.

The U.S. EIA refined oil inventory for the week to May 12 was 80,000 barrels, expected to be 57,000 barrels, and the previous value was -4.17 million barrels.

The EIA gasoline production in the United States for the week to May 12 was -341,000 barrels per day, compared with the previous value of 445,000 barrels per day.

U.S. Senate Majority Leader Schumer: Hope to reach a debt ceiling agreement as soon as possible.

Iranian Oil Minister: The decision taken by OPEC+ puts the oil market on the right track.

Russian Deputy Prime Minister Novak: Russia has reached the target of reducing production by 500,000 barrels per day in May.

Russian Deputy Prime Minister Novak: The global oil market has been balanced.

Russian Deputy Prime Minister Novak: Russia and Iran are considering building an electronic natural gas platform.

NBC News: Undersecretary of Defense for Policy Colin Kahl plans to resign.

According to TASS: Russia and Belarus reaffirmed their commitment to the Nuclear Non-Proliferation Treaty in a joint statement.

Ford Motor: Tariffs will hurt manufacturers in the UK and EU, so it is crucial for both parties to "sit at the negotiating table".

Ford Motor: Extended time will help battery supply chain develop in Europe and meet EV demand.

Ford Motor Co. has called for an extension of the country-of-origin rules on post-Brexit EU trade rules to 2027, rather than 2024.