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On December 22nd, Chen Ronghui, Deputy Director of the National Bureau of Data Science and Technology, stated at a press conference that the National Bureau of Data Science and Technology has organized and implemented the construction of demonstration scenarios for "running" public data, releasing three batches totaling 70 demonstration scenarios. Today, a fourth batch of 30 demonstration scenarios was released. Regarding the four batches of scenarios, Chen Ronghui stated that the data supply method has shifted from "mainly sharing" to "coordinated promotion of sharing, openness, and authorized operation." In the fourth batch of scenarios, authorized operation has become an important data supply method. The fourth batch of scenarios has a wider regional coverage, with scenarios in the western and northeastern regions accounting for 35%. The scope of the scenarios is continuously expanding, with the fourth batch gradually extending to in-depth areas such as high-frequency public services, characteristic industries, and grassroots governance. Common scenarios such as accurate verification of personal living status and sharing and mutual recognition of medical examination and test results will create greater demonstration value and social benefits.Futures Market News, December 22nd: Wheat prices remained stable with a slight decline today. As the year-end approaches, more grain holders are clearing warehouses and selling off their stock, increasing the supply of grain in the market. Flour consumption is in the off-season, processing enterprises have weak orders and low operating rates, with most cautiously replenishing their stocks only as needed. Demand for feed substitution is fluctuating, resulting in a stalemate between supply and demand in the market. Prices are likely to remain within a narrow range in the short term.On December 22nd, Uber announced a partnership with Baidu to test self-driving taxis in the UK. This follows Waymos launch of tests in London this month. Uber stated on Monday that it plans to launch a pilot program in London in the first half of 2026, using Baidus Apollo Go RT6 self-driving taxis. The company said the service is expected to launch in London by the end of next year. Uber abandoned its independent development of self-driving technology in 2020, instead partnering with several self-driving taxi companies. Uber CEO Dara Khosrowshahi stated in an interview this month that the company plans to offer self-driving services in more than 10 markets by the end of next year.The yield on Japans 20-year government bond rose 5.5 basis points to 3.025%.Thailands automobile production rose 11.06% year-on-year in November (compared to 14.17% year-on-year growth in October).

OPEC Monthly Report: Maintain global economic expectations and raise crude oil demand expectations

LEO

Oct 26, 2021 11:03

GMT+8 On Wednesday (October 13), OPEC published a monthly report showing that despite the rise in oil prices, OPEC is still cautious about oil demand. The 2021 global oil demand growth forecast is lowered by 160,000 barrels/day to 5.8 million barrels/day, and the demand for OPEC crude oil in 2021 is expected to be raised by 100,000 barrels/day to 27.8 million barrels/day.



The OPEC monthly report maintains the global oil demand growth forecast in 2022 unchanged at 4.2 million barrels per day, with an average of 100.8 million barrels per day, and lowers the forecast of oil demand growth in 2021 from the previous 5.96 million barrels per day to 5.82 million barrels per day. /Day, rising natural gas and thermal coal prices will encourage more energy consumption to shift from natural gas to oil. Second-hand data shows that Iran’s September crude oil production increased by 22,000 barrels per day to 2.503 million barrels per day.

The demand for OPEC crude oil in 2021 will be raised by 100,000 barrels/day to 27.8 million barrels/day, and the demand for OPEC crude oil in 2022 will be increased by 100,000 barrels/day to 28.8 million barrels/day.

Second-hand data show that Saudi Arabia’s September crude oil production increased by 139,000 barrels/day to 9.678 million barrels/day, the UAE’s September crude oil production increased by 14,000 barrels/day to 2.789 million barrels/day, and Libya’s September crude oil production decreased by 5 thousand barrels/day. Barrels/day to 1.148 million barrels/day, China’s net imports of petroleum products increased by 1.28 million barrels/day to 11.19 million barrels/day compared with the previous round of statistics.

U.S. net imports of petroleum products increased by 1.01 million barrels per day to 1.53 million barrels per day from the previous round of statistics. India’s net imports of petroleum products increased by 600,000 barrels per day to 4.02 million barrels per day from the previous round of statistics. China's net imports of petroleum products increased by 1.28 million barrels per day to 11.19 million barrels per day from the previous round of statistics.

Maintaining the global economic growth forecasts for 2022 and 2021 at 4.2% and 5.6%, respectively, the global oil demand in 2021 is expected to be 96.6 million barrels per day. (Last month expected to be 96.7 million barrels/day), the 2021 non-OPEC oil supply forecast was lowered by 210,000 barrels/day.