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November 28th - According to a press conference at the 2025 Shenzhen Global Investment Promotion Conference, from January to October 2025, Shenzhen utilized RMB 29.7 billion in foreign investment, a year-on-year increase of 8.4%. Foreign investment in high-tech industries exceeded RMB 10 billion, accounting for more than one-third of the citys total, with high-tech manufacturing showing particularly significant growth at 52.7%. The number of newly established foreign-invested enterprises exceeded 10,000, with well-known foreign companies such as DuPont (USA), JCDecaux (France), BP (UK), and Hexagon (Sweden) establishing new operations or increasing their investments in Shenzhen.November 28th - U.S. liquefied natural gas (LNG) exports are on track for a record high this month, helping to curb gas prices in Asia and Europe ahead of winter. According to KPLERs forecast ship tracking data, the U.S. is expected to ship 10.7 million tons in November. This represents an increase of approximately 40% compared to the same period last year. The increased supply is likely to depress gas prices in Europe and Asia in the coming months, although colder weather will boost consumption of this heating fuel. On Thursday, European gas futures fell to their lowest level in over a year, while Asian gas futures prices were at their lowest level in about a month. New projects will continue to boost U.S. LNG exports in the coming years, with production expected to double by the end of this decade.The SC crude oil futures contract rose 2.00% intraday, currently trading at 454.10 yuan per barrel.Coinbase (COIN.O): We have noticed that some users may experience performance degradation when using DEX and lending functions.On November 28th, the Nikkan Kogyo Shimbun reported that Japan and the United States are considering building a NAND flash memory factory in the US through a public-private partnership. It is understood that Japanese chipmaker Kioxia and its US counterpart SanDisk are likely to be the main investors. The Nikkan Kogyo Shimbun points out that this plan may face numerous challenges, including disagreements between the US and Japan regarding capital expenditures and regulatory risks.

WTI rises to around $80.00 following a minor drop as supply concerns intensify

Daniel Rogers

Dec 28, 2022 10:57

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Futures for West Texas Intermediate (WTI) on the New York Mercantile Exchange (NYMEX) have resumed their ascent after correcting to about $79.50 in the late New York session. After Russian President Vladimir Putin chose to impose a price ceiling on oil exports to the G7 and the European Union, supply concerns have increased. The oil price has sought to recover as a result.

 

Black gold is also in the spotlight despite the US Dollar Index's dismal performance (DXY). In the absence of prospective triggers, the USD index is trading flat below 104.00 despite the extreme volatility of U.S. stocks.

 

Previously, the G7 and the European Union capped the price of Russian oil at $60 per barrel in order to prevent Moscow from funding weaponry and ammunition for the war against Ukraine. In retaliation, Vladimir Putin passed a directive prohibiting the sale of Russian oil to nations that enforced the oil price ceiling. It will last from 1 February to 1 July.

 

In addition to supply concerns, China's actions to restore the economy after a protracted shutdown have injected new life into the oil bulls. Despite an increase in Covid-19 instances, the Chinese government has eliminated quarantine regulations for incoming tourists, which will reduce supply chain interruptions. Supporting the oil price is a crucial step towards reopening the economy and regaining the road of progress.

 

The modification of the Gross Domestic Product (GDP) projection is attributable to a new effort to eliminate restrictions on Covid-related measures in China. According to a statement made by China's National Bureau of Statistics (NBS), the agency has changed the country's GDP growth forecast for 2021 from 8.1% to 8.4%.


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