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On November 17th, the State Administration for Market Regulation approved and released two national standards: "Intelligent Technology Requirements and Evaluation of Smart Home Appliances Part 1: General Requirements" and "Application Scenarios of Smart Home Appliances Part 1: General Requirements," which will officially come into effect on May 1, 2026. These two national standards clearly define smart home appliances from two key dimensions: "intelligent capabilities" and "scenario effects," establishing standards for enterprise research and development and production, and enabling consumers to make informed choices and use products with peace of mind.Hong Kong-listed Starlink Group (00399.HK) experienced a flash crash at the opening, falling by more than 60%. According to the companys announcement on November 17, 2025, the company received a decision from the Stock Exchange on November 14, 2025, stating that trading in the shares would be suspended on November 26, 2025, due to the companys inability to maintain a sufficient level of operation and assets of sufficient value.On Monday, November 17, the Hang Seng Index opened down 130.76 points, or 0.49%, at 26,441.7 points; the Hang Seng Tech Index opened down 41.29 points, or 0.71%, at 5,771.51 points; the H-share Index opened down 33.76 points, or 0.36%, at 9,364.2 points; and the Red Chip Index opened down 10.74 points, or 0.25%, at 4,296.06 points.Hang Seng Index futures opened down 0.27% at 26,526 points, a discount of 53 points.Japanese Minister of Economy, Trade and Industry Minoru Jonouchi: (Regarding third-quarter GDP) We will quickly formulate an economic stimulus plan.

The U.S. Strategic Petroleum Reserve Has Fallen to Its Lowest Point Since 1987

Charlie Brooks

May 17, 2022 09:50

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The volume of crude oil in the U.S. Strategic Petroleum Reserve (SPR) decreased by 5 million barrels during the week ending May 13.


Stockpiles from 1987, to 538 million barrels in the Strategic Petroleum Reserve (SPR).


According to the data, approximately 3.9 million barrels of sour oil and 1.1 million barrels of sweet crude were discharged onto the market.


President Joe Biden announced in March the largest release ever from the U.S. emergency oil reserve, 1 million barrels per day (bpd) of crude oil for six months, in an effort to reduce gasoline prices that had skyrocketed due to Russia's invasion of Ukraine.


Prior to that, the United States had agreed to release 30 million barrels of SPR oil in March and 50 million barrels from SPR in November.


The price of a barrel of crude oil in the United States has increased by over 25 percent to nearly $114 due to market concerns about a supply shortage. This week, retail gasoline and diesel prices reached all-time highs as fuel demand returned to pre-pandemic levels and refining capacity fell.


The 180 million-barrel discharge was the third time in the previous six months that the United States had tapped the Strategic Petroleum Reserve.


Winners of the most recent SPR auction were Valero Energy Corp (NYSE:VLO), Motiva, Exxon Mobil (NYSE:XOM), Shell (LON:RDSa), Phillips, and Marathon Petroleum Corp. (NYSE:MPC).


According to U.S. Customs data, ship tracking, and an industry source, at least three vessels carrying crude oil from U.S. emergency stocks set sail for Europe in April as European refiners rushed to replace Russian crude supplies.

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