EUR/USD
1.15731
-0.165%
Gold
4310.90
-0.398%
Oil
88.798
-0.642%
USD/JPY
159.840
-0.208%
GBP/USD
1.34930
-0.164%
GBP/JPY
215.677
-0.366%
Real-time News
Market news: Houthi rebels launched missiles at Saudi-backed forces assembly points in Taiz province, Yemen.On September 2nd, Ryanair, one of Europes largest airlines, cut winter capacity on Wednesday to reduce its exposure to unhedged jet fuel prices as high as $140 per barrel. Ryanair is one of the airlines with the most comprehensive jet fuel hedging measures, having already locked in approximately 80% of its jet fuel demand. Despite this, high oil prices still forced the company to reduce capacity, and it expects to save €70 million to €100 million (approximately $81 million to $115 million) as a result. In a statement, Ryanair noted that if jet fuel prices remain high, other airlines will face survival difficulties, and it will lead to a "significant increase" in airfares on short-haul European routes next year. Jeff Currie, a senior advisor at The Carlyle Group, warned investors a few weeks ago to pay attention to the refined oil market, emphasizing that the prices the market focuses on are not the truly key indicator: "Nobody in the world directly consumes crude oil; only refineries consume it. Everyone else consumes gasoline, diesel, and jet fuel, and those markets are in a much worse state."Two Iraqi energy officials said that Iraqs oil exports rose to about 2.34 million barrels per day in August from about 1.35 million barrels per day in July.Market news: The German cabinet has approved a €10 billion income tax reform.On September 2nd, it was learned from the National Energy Administration that during the 15th Five-Year Plan period, my country will focus on building a high-quality new power grid, striving to construct a new architecture for a main-distribution-microgrid coordinated power grid that enhances the safety and stability of the large power grid, fully leverages the role of the distribution network as a public platform, and promotes flexible and diversified interaction among smart microgrids. Wang Hongzhi, Director of the National Energy Administration, stated that the construction of a new power grid represents a profound transformation involving new architecture, new technologies, and new services, requiring comprehensive planning and systematic implementation. Efforts should be focused on strengthening infrastructure strengths to build a new architecture for a main-distribution-microgrid coordinated power grid that enhances the safety and stability of the large power grid, fully leverages the role of the distribution network as a public platform, and promotes flexible and diversified interaction among smart microgrids. Efforts should also be focused on leveraging innovation to accelerate the research and application of new power grid technologies such as "artificial intelligence+", flexible grid construction, intelligent control, and long-term energy storage, developing new types of productivity. Furthermore, efforts should be focused on strengthening diversified support and guarantees, upgrading new power grid services that are compatible with new business models such as efficient grid connection and consumption of new energy sources, high-quality power supply, and computing-based collaborative systems. Finally, efforts should be focused on upholding the bottom line of safe operation, ensuring the safe and stable operation of the large power grid, strengthening engineering safety and quality management, improving the power grids disaster prevention and emergency response capabilities, and enhancing its safety resilience.
