China to cut bank reserve requirement ratio by 50 bps

The People’s Bank of China (PBoC) announced on Wednesday it would cut the amount of cash that commercial banks have to have on hand, known as the reserve requirement ratio (RRR), by 50 basis points from May 15. PBoC Governor Pan Gongsheng said the cut would result in long-term liquidity of about 1 trillion yuan ($138.56 billion) flowing into the financial market. The PBoC also announced it would trim the seven-day reverse repurchase rate to 1.4% from 1.5%, effective May 8. This will lead to a 10 basis point cut to the loan prime rate (LPR), Pan said. Additionally, a gradual lowering of the reserve ratio for auto finance firms will bring it down from 5% to 0%. He was speaking alongside officials from the National Financial Regulatory Administration and the China Securities Regulatory Commission. These officials announced that 300 billion yuan in new re-lending funds will be allocated to boost technological innovation and industrial upgrades. Furthermore a 500-billion-yuan relending tool form consumption and elderly care will be established.

NN: china made the wrong bet.

China cannot survive without the US market. their economy is already crumbling. layoffs are spreading like wild fire. the natives are restless and Chairman Li  will soon be purged as they cave in to US demands. And he will be replaced by Chinese billionaire entrepreneur  Eric Li Shufu. A Chinese billionaire entrepreneur. He is the founder and chairman of Gely Automobile Holdings, one of China’s largest automakers and one of the few not controlled by the state. He is worth over $20 billion owns Swedish car brand Volvo. The company has also bought stakes in U.K. luxury sportscar maker Aston Martin and electric vehicle manufacturer Lotus Technology. And he is really really pissed at present China leadership over screwing up trade with the US. In China if you bet wrong you die.

EIA Weekly Petroleum Report

 Weekly Petroleum Data for the week ending April 25, 2025

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 2.7 million barrels from the previous week. At 440.4 million barrels, U.S. crude oil
inventories are about 6% below the five year average for this time of year. U.S. crude oil refinery inputs averaged 16.1 million barrels per day during the week ending April 25, 2025, which was 189 thousand barrels per day more than the previous week’s average. Refineries operated at 88.6% of their operable capacity last week. Gasoline production decreased
last week, averaging 9.5 million barrels per day. Distillate fuel production was flat last week, averaging 4.6 million barrels per day. U.S. crude oil imports averaged 5.5 million barrels per day last week, decreased by 90 thousand barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 5.8 million barrels per day, 11% less than the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 581 thousand barrels per day, and distillate fuel imports averaged 99 thousand barrels
per day. Total motor gasoline inventories decreased by 4 million barrels from last week and are about 4% below the five year average for this time of year. Finished gasoline and blending components inventories decreased last week. Distillate fuel inventories increased by 0.9 million barrels last week and are about 13% below the five year average for this time of year. Propane/propylene inventories increased
by 0.6 million barrels from last week and are 8% below the five year average for this time of year. Total commercial petroleum inventories increased by 4.2 million barrels last week.
Total products supplied over the last four-week period averaged 19.7 million barrels a day, up by 0.3% from the same period last year. Over the past four weeks, motor gasoline product supplied averaged 8.9 million barrels a day, up by 3.2% from the same period last year. Distillate fuel
product supplied averaged 3.8 million barrels a day over the past four weeks, up by 10.3% from the same period last year. Jet fuel product supplied was up 11.9% compared with the same four

Supreme Court Lets Trump Oust Transgender Servicemembers

A divided US Supreme Court cleared the way for the Trump administration to start discharging thousands of transgender servicemembers, including people who have served openly for years. Over dissents from the three liberal justices, the court dealt a major blow to LGBTQ rights, pausing a lower court order that had put President Donald Trump’s new ban on hold during a legal fight. The court gave no explanation in its one-page order, which applies while the litigation continues. During Trump’s first term, the Supreme Court let an earlier transgender military ban take effect, but the president’s new policy goes further by calling for the expulsion of people who have already transitioned.

The administration says courts should defer to Trump’s assessment that the presence of transgender people in the armed services undermines military effectiveness. Opponents say the administration has no evidence for that claim and say trans people have served with honor and distinction for years.

Trump issued his ban through a Jan. 27 executive order, which said expressing a “false” gender identity “conflicts with a soldier’s commitment to an honorable, truthful, and disciplined lifestyle” and “is not consistent with the humility and selflessness required of a service member.” The challengers in the high court case included seven active-duty servicemembers and a man who says he wants to join the Marines. The group is led by Navy Commander Emily Shilling, who has flown more than 60 combat missions as a pilot. Shilling, who served in both Afghanistan and Iraq and is a Navy test pilot, says the military has spent more than $20 million training her. Shilling transitioned within the Navy starting in 2021, when President Joe Biden’s policy let transgender people serve openly in the armed forces. “An unprecedented degree of animus towards transgender people animates and permeates the ban,” the group told the Supreme Court. “It is based on the shocking proposition that transgender people do not exist.” US District Judge Benjamin Settle in Tacoma, Washington, said the administration hasn’t shown that the ban “is substantially related to achieving unit cohesion, good order, or discipline.” Settle said current and aspiring servicemembers probably would suffer multiple constitutional violations, including infringement of their rights to equal protection and free speech. The administration’s top Supreme Court lawyer, US Solicitor General D. John Sauer, argued that Settle’s order forced the government to “maintain a policy that the department has found to be inconsistent with the best interests of the military services and with the interests of national security.” A San Francisco-based federal appeals court refused to issue a stay of Settle’s order, prompting the administration to turn to the nation’s highest court. The Supreme Court is separately deliberating over a major transgender-rights case involving state laws that ban puberty blockers, hormone therapy and surgery for those under 18.

nn: its high time to get the fagots out. let them be hair dressers drag queens and fashion designers…. not marines

Oman announces US-Houthi ceasefire deal……. Houthis deny they ‘capitulated,’ vow response

Omani Foreign Minister Badr Albusaidi revealed Tuesday that negotiations succeeded in establishing a truce agreement between American forces and Yemen’s Houthi rebels.

bullshit!!

“Following recent discussions and contacts conducted by the Sultanate of Oman with the United States and the relevant authorities in Sana’a, in the Republic of Yemen, with the aim of de-escalation, efforts have resulted in a ceasefire agreement between the two sides … The Sultanate of Oman expresses its gratitude to both parties for their constructive approach that led to this welcome outcome, and hopes that it will lead to further progress on many regional issues towards achieving justice, peace, and prosperity for all,” Albusaidi wrote on X.Earlier, President Donald Trump announced the US would stop bombing the Houthis in Yemen, saying that the Iran-aligned group had agreed to stop interrupting shipping lanes in the Middle East. The militia later debunked the allegations.

Houthis deny they ‘capitulated,’ vow response

Senior Houthi leader Mohammad Ali Al-Houthi dismissed on Tuesday US President Donald Trump’s “inaccurate” claims regarding the group’s surrender. “The support for Gaza continues, and the response is coming. Netanyahu must prepare his resignation, for his crimes are failed terrorism. The Yemeni people will not be intimidated by American and ‘israeli’ terrorism,” Al-Houthi added. Trump told reporters that Yemen’s militant group had “capitulated” to the US and pledged to halt vessel attacks. Previously, Israeli forces conducted coordinated strikes with the US on Yemeni targets, following Houthi missile launches at Israel’s main airport.

its time for the nut cutting

Oil jumps 2.5% amid geopolitical tensions

 

Crude oil prices rose by more than 2.5% on Tuesday, continuing to rebound from yesterday’s sharp decline caused by the OPEC+ decision to increase the output for a second consecutive month. The increase in oil futures also comes after Hamas announced it is no longer interested in truce talks with Israel due to the “hunger war” against Palestinians in the Gaza Strip. West Texas Intermediate (WTI) for June’s settlements jumped by 2.92% at 5:37 am ET to go for $58.80 per barrel. Meanwhile, Brent for July’s deliveries climbed by 2.82% and sold for $61.93 per barrel at 5:39 am ET.

The prices of oil futures grew after Israel launched a counter-attack on various targets across Yemen in response to the Houthi movement striking the Ben-Gurion Airport in Tel Aviv. West Texas Intermediate (WTI) for June’s deliveries rose by 1.54% at 12:02 am ET to sell for $58.08 per barrel. A minute later, Brent for July’s settlements gained 1.56% to go for $61.19 per barrel.

Netanyahu confirms expansion of Gaza op….. Hamas is to stupid to realize Israel is about o slaughter the pigs… Hamas rejects new truce talks amid expanded Israeli offensive

  • Door open for ceasefire talks as Trump heads to region
  • Military will hold territories it seizes, Israeli officials say
  • Blockade remains on aid, for now
  • Tens of thousands of reservists will be called up
  • Humanitarian agencies condemn Israel’s new aid plans
JERUSALEM, May 5 (Reuters) – Israeli Prime Minister Benjamin Netanyahu said on Monday an expanded offensive against Palestinian militant group Hamas would be “intensive” after his security cabinet approved plans that may include seizing the Gaza Strip and controlling aid.
However an Israeli defence official said the operation would not be launched before U.S. President Donald Trump concludes his visit next week to the Middle East. The decision, after weeks of faltering efforts to agree a ceasefire with Hamas, underlines the threat that a war heaping international pressure on Israel amid dwindling public support at home could continue with no end in sight.
A report by Israel’s public broadcaster Kan, citing officials with knowledge of the details, said the new plan was gradual and would take months, with forces focusing first on one area of the battered enclave.
Netanyahu said in a video message the operation would be “intensive” and would see more Palestinians in Gaza moved “for their own safety”. He said Israeli troops would not follow previous tactics based on short raids by forces based outside Gaza. “The intention is the opposite,” he said, echoing comments from other Israeli officials who have said Israel would hold on to the ground it has seized. U.S. envoy Steve Witkoff said Israel is a sovereign state that makes its own decisions, according to Axios, which also reported that he hopes for progress on a hostage and ceasefire deal before or during Trump’s visit. The White House did not immediately respond to a request for comment.
Israeli troops have already taken over an area amounting to around a third of Gaza, displacing the population and building watchtowers and surveillance posts on cleared ground the military has described as security zones, but the new plan would go further.
One Israeli official said the newly approved offensive would seize the entire territory of the Gaza Strip, move its civilian population southward and keep humanitarian aid from falling into Hamas’ hands.
The defence official said aid distribution, which has been handled by international aid groups and U.N. organizations, would be transferred to private companies and handed out in the southern area of Rafah once the offensive begins.
The Israeli military, which throughout the war has shown little appetite for occupying Gaza, declined to comment on the remarks by government officials and politicians.
Israel resumed its offensive in March after the collapse of a U.S.-backed ceasefire that had halted fighting for two months. It has since imposed an aid blockade, drawing warnings from the UN that the 2.3 million population faces imminent famine. The defence official said Israel would hold on to security zones seized along the Gaza perimeter because they were vital for protecting Israeli communities around the enclave. But he said there was a “window of opportunity” for a ceasefire and hostage release deal during Trump’s visit.
“If there is no hostage deal, Operation “Gideon Chariots” will begin with great intensity and will not stop until all its goals are achieved,” he said.
Hamas official Mahmoud Mardawi rejected what he called “pressure and blackmail”. “No deal except a comprehensive one, which includes a complete ceasefire, full withdrawal from Gaza, reconstruction of the Gaza Strip, and the release of all prisoners from both sides,” he said. Israel has yet to present a clear vision for post-war Gaza after a campaign that has displaced most of Gaza’s population and left it depending on aid supplies that have been dwindling rapidly since the blockade.
Ministers have said that aid distribution cannot be left to international organizations which it accuses of allowing Hamas to seize supplies intended for civilians.
Instead, officials have looked at plans for private contractors to handle distribution, through what the United Nations has described as Israeli hubs. The decision to expand the operation was immediately hailed by Israeli government hardliners who have long pressed for a full takeover of the Gaza Strip by Israel and a permanent displacement of the population, along the lines of the “Riviera” plans outlined by Trump in February.
“We are finally going to conquer Gaza. We are no longer afraid of the word ‘occupation’,” Finance Minister Bezalel Smotrich told a pro-settler conference in an online discussion.
With Israel facing threats from the Iranian-backed Houthis in Yemen, who on Sunday fired a missile that hit close to Ben Gurion Airport, an unstable Syria next door and a volatile situation in the occupied West Bank, the capacity for prolonged military operations also faces growing constraints.
Israel’s Chief of Staff Lieutenant General Eyal Zamir said on Sunday that the military has already begun issuing tens of thousands of call-up orders for reservists.

Next Generation Solar Panels Are Revolutionizing Clean Energy…… CUT THE GRID CABLE

  • Researchers and startups worldwide are developing advanced solar technologies, such as perovskite-silicon tandem cells and orb-shaped panels, to significantly enhance efficiency and energy production.
  • Increased investment and attention are being directed towards next-generation solar models that promise to outperform traditional silicon panels and contribute to global climate goals.
  • Innovations like transparent and flexible solar panels are being explored to integrate solar energy into urban environments and unconventional spaces, potentially transforming buildings into power sources.

I have created my own energy most all of my lifetime running on solar panels and generators. I do it because I like to be independent my First Solar institution installation of any size was in my house in Arkansas in the 1980s I build a wedge-shaped house with the solar panels facing to the south. I had  both photovoltaic panels which is electric solar panels and heat solar panels. I use the indoor pool  as a sink to store the heat energy from the solar panels.

nn: pod cast
CUT THE GRID  CABLE

 

Israel approves Gaza ‘conquest’, full takeover…… Hamas hails Houthi ‘comprehensive air blockade’ on Israel

Israel’s security cabinet has reportedly approved plans for the “conquest” and holding of the entire Gaza Strip, according to reports from AP and AFP on Monday, citing three unnamed Israeli officials. While similar claims have circulated earlier, Israel’s government has not publicly confirmed any such strategy. According to AP, the decision would signal an intent to control “all” of Gaza and maintain a long-term presence, despite expected international backlash. Meanwhile, AFP reported that the overnight decision was “unanimously approved” by the cabinet and aims to defeat Hamas, retrieve hostages, and displace Gaza’s population.” The operations “will include, among other things, the conquest of the Gaza Strip and the holding of the territories, moving the Gaza population south for their protection,” officials quoted by AFP mentioned. Both media said tens of thousands of reservists have been called up to support the expanded offensive.

NN: Hamas will never release all the hostages’.. Its a matter of their survival. These are harsh words. Its time for the nut cutting…. kill them all…man women child hostages, I did not do it… it was not my idea… and certainly not not my command.

1 Samuel 15:3 

Don’t spare them, but kill men and women, infants and children, cows and sheep, camels and donkeys.” Good News Translation Go and attack the Amalekites and completely destroy everything they have. Don’t leave a thing; kill all the men, women, children, and babies; the cattle, sheep, camels, and

Hamas hails Houthi ‘comprehensive air blockade’ on Israel

Hamas commended Yemen’s Houthis for their “comprehensive air blockade” of Israel, calling it a “heroic action” in a statement published on Telegram. A spokesperson for the militant group stated that Yemen’s “honorable stances reflect the authenticity of its people and the courage of its leadership,” adding that “the Yemeni Armed Forces’ affirmation that a free Yemen will not accept the occupation’s violation of Arab lands, particularly in Lebanon and Syria, is a responsible affirmation of our shared destiny and the necessity of unifying efforts to confront the dangerous Zionist schemes targeting the entire nation.”

Earlier, Houthi media announced that the group was imposing a “comprehensive aerial blockade” on Israel through repeated targeting of the country’s airports in response to Israel’s decision to intensify its campaign in Gaza.

Oil tumbles as OPEC+ increases output…… Israel plans a full scale invasion to finally take back Gaza… BUY THE SHIT OUT OF OIL

SINGAPORE (Reuters) – Oil prices fell more than $2 a barrel in Asian trade on Monday as OPEC+ is set to further speed up oil output hikes, spurring concerns about more supply coming into a market clouded by an uncertain demand outlook. The June increase will take the total combined hikes for April, May and June to 960,000 bpd, representing a 44% unwinding of the 2.2 million bpd of various cuts agreed on since 2022, according to Reuters calculations. “The May 3 OPEC+ decision to raise production quotas another 411,000 bpd for June adds to the market expectation that the global supply/demand balance is moving to a surplus,” Tim Evans, founder of Evans on Energy said in a note. The group could fully unwind its voluntary cuts by the end of October if members do not improve compliance with their production quotas, OPEC+ sources told Reuters.

OPEC+ sources have said Saudi Arabia is pushing OPEC+ to accelerate the unwinding of earlier output cuts to punish fellow members Iraq and Kazakhstan for poor compliance with their production quotas.

The 6-month Brent price spread flipped to a contango of 11 cents a barrel for the first time since December 2023, with oil cheaper now than in future months, reflecting expectations that the market is currently amply supplied.

“We now expect OPEC+ to phase out the additional voluntary adjustments by October 2025 but also expect slightly slower U.S. oil output growth,” Barclays analyst Amarpreet Singh said in a note.

The net impact of the higher OPEC+ output and lower U.S. output

ING analysts led by Warren Patterson said the global oil balance is expected to move deeper into surplus throughout 2025. “The oil market has been dealing with significant demand uncertainty amid tariff risks. This change in OPEC+ policy adds to uncertainty on the supply side,” they added. Meanwhile, tensions flared in the Middle East after Israeli Prime Minister Benjamin Netanyahu vowed to retaliate against Iran for the Tehran-backed Houthi group firing a missile that landed near Israel’s main airport. Iran’s Defence Minister Aziz Nasirzadeh said on Sunday that Tehran would strike back if the United States or Israel attacked.

NN: I want to be very clear here, as I’ve been saying all along. The market  low Of $58.15 Brent put in on April 9th will and has  held. It was tested today. With a low in the overnights of $58.60.  The market has since reversed and its  trading around  $60.00.  This is low volume trading with labor day in the UK  banks and trading closed. I’m going to watch the next couple days for a possible quick and dirty test of the low and a possibility of skid marks into the high $57.00 area where there are a lot of juicer stops. We’ve doubled down on our buying in the cash machine both Friday and today anticipating a very significant bottom.

Its noteworthy that OPEC+ decision on Saturday to increase output was not a surprise to the market.  It was well telegraphed and designed to punish over producers  namely Iraq and Kazakhstan for producing above their quotas.

On a further note there is no peace in the valley. America, despite daily pounding the shit out of of Houthi positions in Yemen have been unable to stop the rocket attacks on Israel. Yesterday four rockets penetrated Israeli airspace and for the first time scored a direct hit on the international Airport. Panicking passenger’s and causing massive flight cancellations.

Israel cabinet approved  an invasion into Gaza. Calling up   30,000 combat troops which are amassing at the border with Gaza.  An invasion has been set in the next two weeks to take back full control  Gaza which they should have done years ago.

A peaceful nuclear deal with Iran is never going to happen. Sooner or later their nuclear industry will be  bombed into Oblivion

In closing, sophisticated traders, (not the algo fagots  or candlestick assholes  who are the  shortest they’ve ever been)  that buy the real barrels not paper barrels are buying the shit out of oil and going very long.  They are scooping up bargain basement priced oil with both hands, including the Chinese

Again I repeat a very significant bottom has been put in. The old lows have held and I expect a major rally in the coming weeks. So I just urge you to  buy Bargain Basement priced barrels of oil while you still can

Oil drops 4% as OPEC+ set to hike output

Crude oil futures on light holiday volume dropped on Monday, in reaction to OPEC+ agreeing on Saturday to hike production for a second consecutive month by 411,000 barrels per day in June. WTI for June  dropped and  at 2:00  am ET was trading at  $56.50 a barrel.  Brent for July’s exchanged hands at  $59.22 per barrel holding above the March 9th low of $58.00 for now. their are a lot of juicy stops in the high $57 area before the market reverses. Oil at these levels are not sustainable. I am an aggressive buyer at these levels

NN:  This is nothing more than OPEC disciplining members Iraq and Kazakhstan and who are overproducing. Israel is ammasing 30,000 troops at the Gaza border. And Iran is next.