EUR/USD 1.13807
-0.046%
Gold 4031.42
0.072%
Oil 81.533
4.089%
USD/JPY 163.659
-0.123%
GBP/USD 1.32898
0.014%
GBP/JPY 217.503
-0.096%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Taiwan Stock Exchange: The fundamentals of the Taiwan stock market remain stable.On July 29th, Xingyun Technology announced that its wholly-owned subsidiary, Shenzhen Xingyun, had previously signed a "Computing Power Service Agreement" with VB customer. Shenzhen Xingyun will provide computing power services to VB customer for a period of 5 years, with a total amount including tax of RMB 1.014 billion. VB customer is a leading domestic provider of large-text head-level models with deep expertise in the ultra-large contextual data sector and the ability to develop its own large model foundation. Due to increased business needs and recognition of Xingyuns delivery capabilities, VB customer recently signed a "Supplementary Agreement" with Shenzhen Xingyun, stipulating that the number of computing power service units provided by Shenzhen Xingyun will double from the original 128 units to 256 units. The unit computing power service fee has also increased, resulting in a total computing power service fee of RMB 3.0528 billion, an increase of 201.14% compared to the original agreement amount.July 29: Building materials transaction volume was 89,900 tons, an increase of 16.15% compared to the previous trading day. July 28: Building materials transaction volume was 77,400 tons, a decrease of 9.47% compared to the previous trading day. July 27: Building materials transaction volume was 85,500 tons, an increase of 5.43% compared to the previous trading day. July 24: Building materials transaction volume was 81,100 tons, a decrease of 8.26% compared to the previous trading day. July 23: Building materials transaction volume was 88,400 tons, an increase of 12.18% compared to the previous trading day. Last weeks average: Building materials transaction volume was 84,800 tons.The Iraqi presidential palace condemned the attack on the Popular Mobilization Forces, calling it a violation of Iraqi sovereignty.The Ministry of Industry and Information Technology (MIIT) has publicly solicited opinions on three amendments to the mandatory national standard GB 22757.2—2023, "Energy Consumption Labelling for Light-Duty Vehicles Part 2: Externally Rechargeable Hybrid Electric Vehicles and Pure Electric Vehicles" (Amendment No. 1).

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