EUR/USD 1.15853
-0.568%
Gold 4458.14
-3.118%
Oil 82.713
-0.301%
USD/JPY 160.075
0.430%
GBP/USD 1.35378
-0.402%
GBP/JPY 216.693
0.027%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Domestic News: 1. Wang Yi speaks with Nepalese Foreign Minister Shisir by phone. 2. my country achieves its first high-speed two-way laser communication between Earth and the Moon. 3. National Bureau of Data Science: Demand for meta-based computing is experiencing explosive growth. 4. As of the end of July, my countrys total intelligent computing scale reached 2.45 million PFLOPS. 5. In the first half of the year, 35,000 new foreign-invested enterprises were established nationwide, a year-on-year increase of 7.0%. 6. Nanjing Housing Provident Fund Management Center: Further expands the scope of inter-city housing provident fund loans. 7. Changxin Memory responds to lawsuit against the US Department of Defense: Only researches and produces DRAM products for commercial and civilian use, not for military purposes. International News: 1. Ukraine claims Russia may be planning a new ground offensive against Kyiv. 2. The Russian government has extended the export ban on diesel producers until the end of September. 3. OpenAI announces termination of its partnership with Cursor due to SpaceXs acquisition of the company. 4. US Defense Secretary Hergsays reportedly considering running for president in 2028? The Pentagon denies this. 5. The CFTC confiscated $172,000 from a former White House teleprompter for illegally trading information from Trumps speeches. 6. Middle East Situation—① Iranian media: $7.5 billion in oil revenue has been transferred to the Central Bank of Iran. ② Iranian Foreign Minister: US government officials manipulated the energy market for personal gain. ③ Iran says US military bases in the region are only for protecting Israel.On August 29, Al Jazeera reported that the Iraqi armed group Kataib Sayyid al-Shuhada stated it would cooperate with arms control in Iraq only if 10 conditions were met, the most important being the complete withdrawal of US troops from Iraq. This group has long maintained ties with the Iranian Revolutionary Guard. In its statement, the group demanded the termination of the US military presence in Iraq "under any pretext" and a ban on attacks against neighboring countries using Iraqi airspace. The group also demanded that all weapons be brought under national control only if measures were simultaneously taken to strengthen Iraqs armed forces and air defense capabilities. Other conditions proposed by the group included the withdrawal of Kurdistan Workers Party (PKK) militants from Iraqi territory, federal government control of the Kurdish border regions, and the elimination of Iranian opposition groups stationed in northern Iraq.On August 29, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, spoke by phone with Nepalese Foreign Minister Shisir. Wang Yi stated that Chinas comprehensive aid package to Nepal is being implemented, including emergency cash assistance and humanitarian aid. Relief supplies provided by China are about to arrive in Kathmandu. Chinese tunnel rescue experts have been dispatched in two groups to the disaster area and Kathmandu to provide assistance. China has shared important information with Nepal, including images of the disaster area, satellite and hydrological data, and early warning information about the upstream landslide dam. China has made appropriate arrangements for Nepalese citizens stranded on the Chinese side and will assist them in returning to Nepal as soon as possible. China thanks and hopes that Nepal will continue to assist and evacuate Chinese citizens in Nepal. China and Nepal are a community linked by mountains and rivers, sharing a common destiny. Faced with the disaster, the two countries must stand firmly together, work hand in hand to overcome difficulties, and demonstrate the traditional friendship that transcends the Himalayas with concrete actions.Derrick Choi, Product Manager at OpenAI Codex: The AI developer community in Thailand is growing rapidly. Codexs weekly active usage in Thailand is projected to increase more than 350-fold by 2026. OpenAI, in collaboration with Thailands Ministry of Higher Education, Science, Research and Innovation, will bring together 10 Thai startups for an eight-week accelerator program.August 29th - The computer market is experiencing a wave of price increases. Several computer brand stores in Shenzhen stated that HP, Lenovo, ASUS, and other brands will be raising prices on September 1st. HP will first adjust prices by 15% on August 28th, and then raise them again on September 1st, bringing the cumulative increase to approximately 20% before August 28th. Lenovo stores indicated they have also received price increase notices and will adjust prices on September 1st as scheduled. ASUS store staff estimate their brand will increase by at least 500 yuan after September 1st. Several store employees told reporters that rising upstream chip prices are the core driver of this round of price adjustments. In this wave of price increases, low-end models are the hardest hit, while mid-to-high-end models are experiencing relatively moderate increases. In addition, the market price of used computers is also rising in tandem.

China Eases COVID Limitations, U.S. Storm Fuels Supply Fears

Skylar Williams

Dec 27, 2022 17:21

36.png


China's latest loosening of COVID-19 limits boosted fuel demand expectations on Tuesday, but fears that winter storms throughout the United States are impacting energy supply continued to support prices.


At 07:12 GMT, Brent oil was up 52 cents, or 0.6%, to $84.44 a barrel, while U.S. West Texas Intermediate crude was up 48 cents, or 0.6%, to $80.04 per barrel. They reached their best level since December 5 early in the session.


Brent surged 3.6% on Friday, while WTI gained 2.7%, marking their largest weekly increases since October.


On Monday, British and American markets were closed for the Christmas holiday.


China will no longer need arriving travelers to undergo quarantine beginning on January 8, the National Health Commission announced on Monday, removing a regulation in place since the beginning of the epidemic three years ago. This increased expectations for a rise in crude oil demand from the largest importer.


China's oil demand is on the mend, which is wonderful news for the refining industry, according to Serena Huang, head of APAC analysis at Vortexa.


The U.S. dollar weakened when China said it will end its quarantine policy. A weakening dollar makes gasoline cheaper for foreign currency holders.


According to Kazuto Saito, chief analyst at Fujitomi Securities Co Ltd, fears of supply interruption due to winter storms in the United States are also supporting oil prices. The worries "prompted purchasing, despite the fact that many market players were on vacation," Saito noted.


The weather in the United States is expected to improve this week, so the rise may not continue long.


More than two dozen people were killed by a snowstorm that immobilized western New York over the Christmas weekend, according to local officials, as teams worked to dig out the region around Buffalo from its strongest winter storm in decades.


Passengers were stranded around the country during the holiday weekend as thousands of flights were canceled due to the bigger storm system.


On Friday, frigid temperatures and strong winds knocked out power and reduced energy output across the United States, forcing up rates for heating and electricity.


Concerns of a potential production decrease by Russia also contributed to the increase in oil prices.


In response to price ceilings, Russia may reduce oil production by 5 to 7 percent at the start of 2023, according to Deputy Prime Minister Alexander Novak, as reported by the RIA news agency on Friday.

Suggestion