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Real-time News
On June 27th, following two strong earthquakes in Venezuela, Oil and Gas Minister Paula Enau stated on June 26th that oil production was unaffected. In a media interview, Enau said that Venezuelas current daily crude oil production is 1.2 million barrels, and the government has assessed domestic inventory levels, ensuring a secure supply of natural gas and fuels. "We are operating normally; all oil wells are operational and producing." Reportedly, Venezuelan oil company management and oilfield workers indicated that oil and gas facilities were not severely affected. Earlier reports suggested that preliminary assessments indicated limited damage to Venezuelas large oil and gas facilities due to their distance from earthquake-affected cities; however, power shortages could impact oil production capacity.According to the European-Mediterranean Seismological Centre, a 5.4-magnitude earthquake struck the Pakistan region.Irans Meh News Agency, citing local officials, reported that the US attack did not cause any damage to the port of Sirik.On June 27th, the toroidal field magnet, the largest superconducting component of the "Comprehensive Research Facility for Key Systems of Fusion Reactor Main Unit," a major national science and technology infrastructure project, completed its final fabrication process and passed expert review. Simultaneously, the high-temperature superconducting central solenoid coil magnet also completed full-condition parameter testing, with its core performance reaching internationally leading levels. The toroidal field magnet is currently the largest fusion reactor superconducting magnet in the world. Measuring 21 meters long, 12 meters wide, and 3.3 meters high, with a total weight of 582 tons, it is currently the worlds largest fusion reactor superconducting magnet. The toroidal field magnet is one of the most important components of the "Comprehensive Research Facility for Key Systems of Fusion Reactor Main Unit." During the operation of the nuclear fusion device, the superconducting magnet generates a strong magnetic field to confine plasma at temperatures exceeding 100 million degrees Celsius. The toroidal field magnet is responsible for constructing the toroidal magnetic field to confine the plasma, reducing the impact loss of high-energy particles on the vacuum chamber walls. Currently, all key links in the entire magnet chain are domestically produced and controllable, with various performance indicators leading similar international products.On June 27th, Yu Weining, Chief Statistician of the Industrial Statistics Department of the National Bureau of Statistics, interpreted the industrial enterprise profit data for January-May 2026. Yu stated that profits in the raw materials manufacturing sector grew rapidly. From January to May, profits of enterprises above designated size in the raw materials manufacturing sector increased by 83.1% year-on-year, contributing 10.2 percentage points to the overall profit growth of industrial enterprises above designated size. By industry, driven by increased demand from emerging industries such as new energy and artificial intelligence, prices of products such as copper and aluminum remained at high levels, pushing profits in the non-ferrous metals industry to increase by 117.1%, contributing 5.3 percentage points to the overall profit growth of industrial enterprises above designated size. Driven by rising prices of products related to the petroleum industry chain, the petroleum processing industry turned a profit year-on-year, and the chemical industry saw a profit increase of 71.6%.
