• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Market news: JPMorgan Chase (JPM.N) has hired Fishman, a TMT and M&A banker from Bank of America (BAC.N).Joint statement: Turkey, Egypt, Indonesia, Jordan, Pakistan, Qatar, Saudi Arabia and the United Arab Emirates condemn Israels settlement policy in Palestinian territories and explicitly reject the "E1" settlement plan.Tesla (TSLA.O) shares extended gains to 5% during the session.Swiss National Bank board member Tschudin: If inflation requires it, interest rates will be lowered to below 0%.1. S&P Global: The preliminary US Manufacturing PMI for August came in at 53.2, a five-month low; the preliminary Composite PMI Output Index came in at 56.0, a 52-month high; the preliminary Services PMI Business Activity Index came in at 56.8, a 20-month high; and the preliminary Manufacturing Output Index came in at 51.9, a 13-month low. 2. Xinhua News Agency: The latest data from the German Energy Storage Initiative shows that current gas storage levels in German natural gas storage facilities have fallen to their lowest level for the same period since records began in 2011. 3. Data released by the US Department of Agriculture (USDA) shows that private exporters reported selling 712,000 tons of soybeans to China and 720,000 tons of soybeans to unknown destinations, all for delivery in 2026/2027. 205,000 tons of corn were also sold to unknown destinations, for delivery in 2026/2027. 4. According to Mysteels nationwide dynamic full-sample survey of agricultural oil mills, in the 34th week of 2026 (August 15th to August 21st), the actual soybean crushing volume of domestic oil mills was 2.2172 million tons, a decrease of 19,100 tons from the previous week and 67,700 tons lower than the estimated crushing volume; the actual operating rate was 61.05%. 5. According to CCTV Finance, my countrys futures market achieved a significant breakthrough today. The first batch of 600 tons of "No. 20 rubber" standard warehouse receipts from overseas were generated by overseas delivery warehouses and sold through delivery. The delivered "No. 20 rubber" offshore goods will be physically delivered at Laem Chabang Port in Thailand. This is the first time that my countrys futures market has truly achieved on-site delivery overseas, greatly reducing the logistics costs of rubber trade. 6. According to foreign media reports, Indian clean energy officials stated on the 21st that the country is committed to achieving 30 gigawatts (GW) of polysilicon manufacturing capacity by 2030. 7. The Indian government is closely monitoring rising sugar prices. Sugar production this season is estimated at approximately 3.06 million metric tons. Domestic sugar stocks are ample and can meet demand.

Oil Prices Continue to Decline As Large COVID Testing Has Commenced in China

Haiden Holmes

Apr 28, 2022 09:38

o3.png


Oil prices fell slightly in early Asian trade on Thursday, driven down by fears over growing coronavirus cases in China, the world's largest oil importer.


Beijing's capital recorded 48 new symptomatic and two new asymptomatic COVID-19 cases for April 27, according to state broadcaster CCTV.


The city had previously reported 31 symptomatic cases and three asymptomatic cases as part of a mass testing program aimed at controlling a new outbreak.


By 0006 GMT, Brent crude futures had fallen 37 cents, or 0.4 percent, to $104.95 a barrel. West Texas Intermediate crude futures in the United States lost 27 cents, or 0.3%, to $101.75 a barrel.


Beijing authorities are stepping up their efforts to contain COVID-19 infections and avert the city-wide shutdown that has engulfed Shanghai for a month.


Hangzhou, China's 12.2 million-person city and headquarters of e-commerce giant Alibaba (NYSE:BABA), will begin broad COVID testing on April 28, official media said Wednesday.


Concerns about a global energy supply shortage following Russia's invasion of Ukraine and subsequent sanctions imposed on Moscow by the US and its allies underpin the market.


Gazprom (MCX:GAZP), the Russian energy behemoth, announced on Wednesday that it has interrupted gas deliveries to Bulgaria and Poland.


According to trading records, Shell (LON:RDSa) announced that it would no longer take refined oil blended with Russian products, while Exxon Mobil (NYSE:XOM) declared force majeure on its Sakhalin-1 facilities in Russia's far east.