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On February 9th, Zhejiang Jike Intelligent Technology Co., Ltd., entrusted by Zhejiang Geely Automobile Co., Ltd., filed a recall plan with the State Administration for Market Regulation in accordance with the "Regulations on the Recall of Defective Automobile Products" and the "Implementation Measures for the Regulations on the Recall of Defective Automobile Products." The recall number is S2026M0023V: Starting March 6, 2026, a total of 38,277 Jike 001WE version vehicles manufactured between July 8, 2021 and March 18, 2024 will be recalled. Due to manufacturing inconsistencies in the high-voltage power battery components, prolonged use in some vehicles within this recall scope may cause an abnormal increase in the internal resistance of the power battery, potentially leading to a decline in the performance of some power batteries. In extreme cases, this could result in thermal runaway of the power battery, posing a safety hazard.February 9th - Shanghai NIO Automobile Co., Ltd., in accordance with the "Regulations on the Recall of Defective Automobile Products" and the "Implementation Measures for the Regulations on the Recall of Defective Automobile Products," has filed a recall plan with the State Administration for Market Regulation. Recall number S2026M0017I: Effective immediately, 246,229 ES8, ES6, and EC6 pure electric vehicles manufactured between March 16, 2018, and January 16, 2023, will be recalled. Due to a software issue, some vehicles within the recall scope may experience a brief blackout of the instrument panel and central control screen under certain conditions, during which time the driver will be unable to receive necessary vehicle information and functions (such as vehicle speed information, fault alarm prompts, defrosting and defogging functions, etc.), posing a safety hazard.On February 9th, Mindray Electronics stated in an investor relations activity that Guangxin Microelectronics first-phase planned capacity is 100,000 6-inch silicon-based power devices per month. Currently, it is in a healthy expansion phase, with output increasing from 6,000 wafers/month at the beginning of 2025 to 40,000 wafers/month by the end of the year. The products currently in mass production are mainly MOS field-effect diodes (MFER, 45V–200V) and vertical double-diffused metal-oxide-semiconductor field-effect transistors (VDMOS, 60V–2,000V), with an average monthly output of approximately 12,000 MFERs and approximately 26,000 VDMOSs.On February 9th, AVIC Optoelectronic released its preliminary financial results, reporting total operating revenue of RMB 21.301 billion in 2025, a year-on-year increase of 2.98%; net profit was RMB 2.124 billion, a year-on-year decrease of 36.69%. Facing a complex and volatile external environment and cyclical fluctuations in the industry in 2025, the company persevered, achieving operating revenue of RMB 21.301 billion for the year, maintaining overall stable growth; total profit and net profit attributable to shareholders were RMB 2.664 billion and RMB 2.124 billion, respectively, representing year-on-year decreases of 29.24% and 36.69%.Indias fuel sales rose 2.9% year-on-year in January, with diesel sales up 3.3% and gasoline sales up 6.1%.

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.