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UN Secretary-General António Guterres: The United Nations faces enormous difficulties in curbing the surge in global conflicts.On May 20, President Xi Jinping and Russian President Vladimir Putin jointly met with reporters at the Great Hall of the People in Beijing.Interest rate futures indicate that the Bank of England will raise interest rates by about 52 basis points by December, compared to about 60 basis points on Tuesday.On May 20, Chen Binhua, spokesperson for the Taiwan Affairs Office of the State Council, commented on the remarks made by Taiwan leader Lai Ching-te during his "May 20" speech and Q&A session regarding cross-strait relations. He stated that Lais speech was filled with lies and deception, hostility and confrontation, stubbornly adhering to the erroneous "Taiwan independence" stance, promoting the fallacies of so-called "sovereign independence" and "non-subordination," exaggerating the "mainland threat," escalating cross-strait confrontation, and deliberately seeking "independence through force" and "independence through foreign support," thus undermining peace and stability in the Taiwan Strait. This once again confirms that he is an out-and-out "disruptor of cross-strait peace" and a "creator of the Taiwan Strait crisis." While continuing to advocate "Taiwan independence" and manipulate "anti-China" sentiments, he hypocritically claims to promote cross-strait dialogue and exchanges, attempting to deceive the Taiwanese people and mislead international public opinion. These habitual tricks have been seen through by an increasing number of Taiwanese people, and his deceptive behavior and provocative actions will inevitably be met with resolute opposition from compatriots on both sides of the strait and the international community, and are doomed to failure.The Nikkei 225 index closed down 746.18 points, or 1.23%, at 59,804.41 on Wednesday, May 20.

Saudi Arabia's Refusal to Increase OPEC+ Production Boosts Oil Prices

Skylar Williams

Nov 22, 2022 14:59

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On Monday, Saudi Arabia denied media rumors that it was discussing increasing oil supplies with OPEC and its allies, boosting oil prices in early Asian trade on Tuesday.


Brent oil futures rose 0.2% to $87.62 at 00:07 GMT. Futures contracts for January WTI crude rose 7 cents, or 0.1%, to $80.11 a barrel.


Prices for both benchmarks plummeted more than $5 a barrel after the WSJ reported an increase of up to 500,000 barrels per day will be considered at the Dec. 4 OPEC+ meeting.


Prince Abdulaziz bin Salman, Saudi Arabia's energy minister, said official news agency SPA that the nation is sticking with output limitations and not discussing a hike with other OPEC oil producers.


OPEC+ just decreased its production objectives, and Saudi Arabia's energy minister said the organization will continue to pump oil with prudence owing to global economic uncertainties.


Last week, the front-month Brent crude futures spread shrank as the front-month WTI spread slipped into contango, alleviating supply anxieties.


Rising COVID- 19 cases in China have limited market gains as countrywide epidemics hit April peaks.