EUR/USD 1.03945
-0.029%
Gold 2861.87
-0.531%
Oil 69.465
-0.668%
USD/JPY 150.251
0.298%
GBP/USD 1.25950
-0.038%
GBP/JPY 189.244
0.268%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
A spokesman for Iraqi Kurdistan Regional Oil and Gas Company APIKUR said member companies remain committed to resuming exports as soon as possible after a formal agreement is reached.A spokesman for APIKUR, the Iraqi Kurdistan Region Oil and Gas Company, said that no formal contacts have been made with member companies so far regarding the resumption of oil exports.According to RIA Novosti, citing the Russian Ministry of Defense, Russian troops recaptured the village of Novosorochina in the Kursk region.On February 28, Quark AI Search launched "Deep Thinking", which not only provides users with answers, but also can analyze, think, and make plans.On February 28, Ant Group issued a letter to all employees, making two major adjustments to the salary structure to improve the liquidity of employee salary income and the immediacy of incentives. The core content of the letter is that for employees at level 17 and below, the 13th salary will be changed from a one-time payment at the end of the year to be incorporated into the monthly basic salary to increase monthly cash flow. For employees at level 18 and above, the 13th salary will be incorporated into the annual bonus and linked to performance incentives. Starting from the CY25 performance year, one months monthly salary will be added as the bonus base based on the annual assessment. Second, the performance equity incentive will be changed from annual vesting to quarterly vesting. Starting from April 1, 2025, the newly granted performance shares will be adjusted from annual vesting to quarterly vesting, that is, for every full quarter, employees will receive 1/16 of the equity vesting.

Despite an increase in US official oil stock statistics, WTI extends its rebound to near $79.00

Daniel Rogers

Dec 30, 2022 11:20

 截屏2022-12-29 下午4.54.13_1024x576.png

 

West Texas Intermediate (WTI) futures on the New York Mercantile Exchange (NYMEX) have continued their recovery move over the important resistance level of $78.50 during the Tokyo morning session. As a result of supply concerns due to a prohibition on oil sales from Russia to G7 nations and the European Union and anticipation of a recovery in demand predictions in China as a result of reopening steps, the oil price experienced buying activity around $77.00.

 

Russia has no intention of supplying fossil fuels at prices lower than those prevailing on the market, therefore oil supply is projected to remain a key concern. Without a question, western nations are actively seeking alternatives to Russia to meet their oil demand, but their reliance on Russian oil will keep them in agony in the medium run.

 

Meanwhile, the sheer velocity of reopening steps by the Chinese government in Beijing has caused short-term chaos owing to a sharp increase in the number of infections; however, Covid-19 may have reached its peak and the economy will restore its forward momentum.

 

According to a letter from Goldman Sachs economists, "For oil prices, we remain bullish on oil prices in the immediate future given the possibility for increasing China demand, and reduced supply growth from US shale due to discipline/tight service markets, and OPEC+ quota reduction."

 

The United States Energy Information Administration (EIA) stated on Thursday, for the week ending December 23, that the oil price rebounded following a short decline due to an increase in oil stockpiles. The official US agency reported an increase of 0.718,000 million barrels in oil inventories, whereas the market had anticipated a decrease of 1.52 million barrels.

Suggestion