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On March 7th, Yuan Da, Secretary-General of the National Development and Reform Commission, stated at a press briefing held by the State Council Information Office that the 15th Five-Year Plan period is a crucial period for accelerating the comprehensive green transformation of economic and social development. In implementing the concept of green development, low-carbon requirements are given greater emphasis. First, it clearly proposes to take carbon peaking and carbon neutrality as the driving force, and synergistically promote carbon reduction, pollution reduction, greening, and growth. Second, it fully implements dual control over total carbon emissions and intensity. It should be noted that the shift from dual control of energy consumption to dual control of carbon emissions does not mean a relaxation of energy conservation efforts. Energy conservation remains the most direct, economical, and effective way to reduce carbon emissions.On March 7th, Zheng Bei, Vice Chairman of the National Development and Reform Commission, stated at a press briefing held by the State Council Information Office that the draft outline of the 15th Five-Year Plan has added an indicator for the proportion of nursing care beds in elderly care institutions, guiding these institutions to provide more high-quality nursing services and better meet the care needs of disabled and cognitively impaired elderly people. Simultaneously, an indicator for increasing the enrollment rate of infants under 3 years old in childcare facilities has been set, comprehensively reflecting the degree to which childcare needs are met and enhancing the publics sense of gain.On March 7, Zheng Bei, Vice Chairman of the National Development and Reform Commission, stated at a press briefing held by the State Council Information Office that the draft outline of the 15th Five-Year Plan has four key characteristics: First, in terms of planning and positioning, it emphasizes building on past achievements and laying a solid foundation for future development, while also focusing on comprehensive efforts. Second, in terms of development orientation, it closely adheres to high-quality development, emphasizing structural optimization and quality improvement. Third, in terms of task arrangement, it strengthens practicality and effectiveness, focusing on precision, efficiency, and strong support. Fourth, in terms of value orientation, it upholds the principle of putting people first, emphasizing tangible results and effectiveness.Iranian President Pezechzian: We have no hostility toward countries in the Gulf region.March 7th - The recent volatile situation in the Middle East has led to sharp fluctuations in international precious metal prices. In just a few days, market sentiment in Shenzhens Shuibei district has shifted rapidly from "chasing the rise" to "wait-and-see." The volatile gold and silver prices have not only affected the retail sector but also the wholesale sector, with retailers across the country slowing down their purchasing, resulting in a sharp decline in wholesale gold and silver volume in Shuibei, Shenzhen. During interviews, reporters found that due to the recent extreme volatility in gold prices, many consumers have chosen to wait and see, leading to a significant drop in actual transaction volume in the gold recycling business. One gold recycling merchant stated, "Recently, price fluctuations have been quite large, and most people are still taking a wait-and-see approach, unsure of how gold prices will move forward. Business volume has decreased by about 50% compared to before the Lunar New Year."

Oil prices decrease as Saudi Aramco expresses its ready to boost oil output

Haiden Holmes

Aug 15, 2022 10:48

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Oil prices declined for a second straight session on Monday after the president of the world's largest exporter, Saudi Aramco (TADAWUL:2222), declared that the business is prepared to raise output and three offshore U.S. Gulf of Mexico rigs restarted operations following a weeklong outage.


Saturday at 00:34 GMT, Brent crude futures declined by 27 cents, or 0.3%, to $97.88 a barrel, following a 1.5% decline on Friday. Following a recent fall of 2.4%, the price of a barrel of U.S. West Texas Intermediate crude was $91.87, down 22 cents, or 0.2%.


If ordered by the Saudi Arabian government, Saudi Aramco is prepared to boost crude oil production to its maximum capacity of 12 million barrels per day (bpd), according to Saudi Aramco CEO Amin Nasser.


Nasser stated, "We are confident in our ability to expand production to 12 million barrels per day (bpd) if the government or energy ministry seeks an increase." He stated that China's easing of COVID-19 restrictions and a rise in the aviation industry could increase demand.


China's economic figures will provide investors with insight into crude oil demand in the world's largest crude oil importer on Monday.


Last week, oil prices climbed by more than 3% as a result of a damaged oil pipeline component that halted production at numerous offshore Gulf of Mexico sites.


According to a Louisiana official, once repairs were completed late on Friday, producers tried to revive some of the halted output.


Last week, the number of oil rigs in the United States grew by three to 601, as reported by Baker Hughes Co on Friday. The number of oil rigs, an early indicator of future output, has increased slowly, and it is anticipated that oil production will not recover from pandemic-related decreases until the following year.


Ahead of EU sanctions on Russian crude oil and refined product exports this winter, constrained supplies continued to bolster global oil markets.