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On September 15th, data from the National Bureau of Statistics showed that in August, the year-on-year decline in new residential property prices in first-tier cities was 0.9%, a decrease of 0.2 percentage points compared to the previous month. Specifically, prices in Beijing, Guangzhou, and Shenzhen fell by 2.3%, 1.9%, and 2.3% respectively, while Shanghai saw an increase of 3.0%. In second- and third-tier cities, the year-on-year declines in new residential property prices were 2.7% and 4.1% respectively, both narrowing by 0.1 percentage points. In August, the year-on-year decline in existing residential property prices in first-tier cities was 2.7%, a decrease of 1.0 percentage point compared to the previous month. Specifically, prices in Beijing, Shanghai, Guangzhou, and Shenzhen fell by 3.5%, 0.8%, 3.8%, and 2.7% respectively. In second- and third-tier cities, the year-on-year declines in existing residential property prices were 4.9% and 5.6% respectively, both narrowing by 0.2 percentage points.New Residential Housing Prices: 1. Beijing: August new residential housing prices -0.2% month-on-month (previous value -0.3%), -2.3% year-on-year (previous value -2.3%). 2. Shanghai: August new residential housing prices +0.4% month-on-month (previous value +0.2%), +3.0% year-on-year (previous value +3.0%). 3. Guangzhou: August new residential housing prices +0.1% month-on-month (previous value +0.1%), -1.9% year-on-year (previous value -2.2%). 4. Shenzhen: August new residential housing prices +0.2% month-on-month (previous value +0.2%), -2.3% year-on-year (previous value -2.9%). Second-hand Residential Housing Prices: 1. Beijing: August second-hand residential housing prices -0.1% month-on-month (previous value 0.0%), -3.5% year-on-year (previous value -4.5%). 2. Shanghais existing home prices in August increased by 0.3% month-on-month (previous value +0.3%) and decreased by 0.8% year-on-year (previous value -2.0%). 3. Guangzhous existing home prices in August remained unchanged month-on-month (previous value +0.4%) and decreased by 3.8% year-on-year (previous value -4.7%). 4. Shenzhens existing home prices in August increased by 0.1% month-on-month (previous value +0.2%) and decreased by 2.7% year-on-year (previous value -3.6%).National Bureau of Statistics: Beijings second-hand housing prices in August decreased by 0.1% month-on-month (previous value +0%) and decreased by 3.5% year-on-year (previous value -4.5%).According to the National Bureau of Statistics, the price of second-hand residential properties in Shenzhen rose 0.1% month-on-month in August (up 0.2% in the previous month) and fell 2.7% year-on-year (down 3.6% in the previous month).September 15th - The 2026 China Carbon Market Conference was held in Wuhan, Hubei Province this morning, and the "National Carbon Market Development Report (2026)" was released at the conference. Reporters learned that as of the end of August, the national carbon emission trading market had accumulated transactions exceeding 900 million tons, with a transaction value exceeding 60 billion yuan. The national carbon market has grown from nothing to a significant stage, playing a crucial role in promoting the achievement of carbon peaking and carbon neutrality goals.

As WTI prices fall below $100, the number of U.S. oil rigs does not change

Skylar Williams

Jul 25, 2022 11:44

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According to numbers issued by Baker Hughes on Friday, the total number of active drilling rigs in the United States rose by two this week.


This week, there were 758 operational drilling rigs, 267 more than at the same time in 2021.


This week, there were 599 active oil rigs in the United States. To 155, the number of gas wells increased by 2. At 4, the number of diverse rigs remained steady.


This week, there were 349 rigs in the Permian Basin, one less than last week. The number of rigs in Eagle Ford increased by one to seventy. There are 107 more oil and gas rigs in the Permian than there were at this time last year.


Frac Spread Count, a measure of the number of crews completing unfinished wells — a more efficient use of resources than drilling new wells — declined to 279 for the week ending July 15 from 244 during the same week one year prior.


During the week ending July 15, the United States produced 11.9 million barrels per day (bpd) of crude oil, down 100,000 barrels per day (bpd) from the previous week.


As of 10:00 a.m. EDT, oil prices were trending up on the day, but somewhat lower for the week, as recession fears continued to outweigh the Russia factor. WTI was trading at $96.53, which was an increase of $0.18 per barrel (+0.19 percent) on the day but a decrease of little more than $1 per barrel week-over-week. The Brent benchmark traded at $104.50 a barrel, a daily increase of $0.65 (+0.63 percent) and a weekly increase of approximately $3.


At 1:06 p.m. ET, WTI was trading at $96.70 per barrel and Brent was trading at $104.80 per barrel; both were up on the day.