EUR/USD 1.15165
-0.111%
Gold 4514.26
3.079%
Oil 97.553
5.279%
USD/JPY 160.141
0.248%
GBP/USD 1.32713
-0.430%
GBP/JPY 212.533
-0.180%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
March 29 – Chevron (CVX.N) stated that its Whitstone gas facility in Australia has been damaged by a storm, impacting its restart efforts. Tropical Cyclone Narrele disrupted normal operations at mining and liquefied natural gas facilities along Australias northern and western coasts over the past week. In a statement, Chevron said, "The Whitstone gas facility near Onslow has suffered equipment damage due to severe weather, affecting restart efforts." The company added that it will take "several weeks" for the Whitstone facility to return to full production.On March 29, Iran released satellite images showing the destruction of a US E-3 early warning aircraft. The Iranian Islamic Revolutionary Guard Corps issued a statement on the 29th, claiming that an E-3 early warning aircraft at the Prince Sultan Air Base in Saudi Arabia had been completely destroyed. Other nearby aircraft also suffered severe damage. According to Iranian sources, the Prince Sultan Air Base in Saudi Arabia was recently attacked by Iranian missiles and drones, and one US E-3 early warning aircraft was damaged in the attack.RIA Novosti: Russia claims it has occupied the village of Kivsharivka in Kharkiv Oblast, Ukraine.On March 29th, E Fund, a listed fund specializing in crude oil futures, announced that its secondary market trading price has recently been significantly higher than its net asset value (NAV). On March 25th, 2026, the NAV per unit was 1.6067 yuan, while the closing price on the secondary market as of March 27th was 2.260 yuan. To protect investors interests, trading in the fund will be suspended from the market opening on March 30th until 10:30 AM, resuming at 10:30 AM. Redemption services will continue as usual during the suspension period. If the premium does not effectively decrease, further suspension measures will be taken as needed.On March 29th, Swiss President Guy Palmer stated that trade negotiations between Switzerland and the United States will continue beyond the preliminary tariff agreement reached last year and will not end in March. In February, the US Supreme Court ruled that Trumps previous global tariff policies were invalid, prompting Trump to order a new round of global tariffs of 10% on all imported goods. In March, the US launched a new round of investigations against major trading partners, including Switzerland, adding further uncertainty to the trade negotiations. Palmer, who also serves as Switzerlands Minister of Economic Affairs, stated this weekend that the goal of completing negotiations by the end of March is "effectively" no longer applicable, and negotiations will continue. According to two sources familiar with the matter, the next round of Swiss-US trade negotiations may be held in April.

After Soaring in The Previous Session Due to Russia's Sanctions, The Price of Oil Declines

Aria Thomas

May 12, 2022 09:37

O2.png


Oil prices declined in early Asian trading on Thursday, taking a breather after gaining more than 5 percent in the previous session in response to fresh Russian sanctions against some European gas firms.


On Wednesday, Russia sanctioned 31 enterprises located in nations that placed sanctions on Moscow during the February invasion of Ukraine.


At the same time, Russian gas flows to Europe via Ukraine decreased by a quarter, causing market concern. It was the first time since the invasion when exports via Ukraine were interrupted.


At 00:13 GMT, Brent crude futures decreased 9 cents to $107.42 a barrel. WTI crude prices dropped 13 cents per barrel to $105.58.


As a result of supply concerns following Russia's invasion of Ukraine in February, prices have climbed by roughly 35 percent so far this year.


The European Union continues to negotiate an embargo on Russian oil, which analysts say will tighten the market more and alter trade flows. The vote requires unanimity, but it has been delayed due to Hungary's staunch resistance.


As a result of China's efforts to stop the spread of coronavirus, fears of a decline in demand have curbed price increases.


Stephen Innes, managing partner of SPI Asset Management, predicts that oil prices will be capped in the near future unless China provides substantial policy support or policymakers embrace a different strategy to COVID, both of which seem highly improbable.

Suggestion