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On June 6th, it was reported that Shi Xiaoxin, Senior Director of Product Planning at XPeng Robotics, officially resigned in early June. Shi Xiaoxin was a key figure in building XPengs humanoid product system from scratch, serving for 1675 days and covering three major phases: the integration of Pengxing Intelligent, the teams merger into the XPeng Group, and the entire lifecycle of the Iron humanoid robot from prototype iteration to mass production preparation. Shi Xiaoxins departure has raised concerns that it might affect the mass production schedule of XPengs humanoid robots. In response, an XPeng Motors insider stated, "Im not aware of (Shi Xiaoxins) situation; our progress is going quite smoothly."The Iranian Revolutionary Guard said it had fired on four oil tankers that attempted to cross the Strait of Hormuz without its permission.U.S. Central Command: Intercepted missiles and drones launched by Iran.June 6th - On June 4th, the European Parliament issued an internal notification to its members, requiring them to set a French search engine as the default search tool on internal office computers, replacing Google and reducing reliance on the US tech giant. According to the notification, this adjustment aims to implement the EUs commitments regarding digital sovereignty and the protection of users personal data. On June 3rd, the European Commission published a "European Technology Sovereignty Package," proposing to strengthen capabilities in areas such as artificial intelligence, semiconductors, cloud computing, and open source, with the aim of reducing dependence on foreign technology suppliers and supporting domestically developed alternative technologies to enhance Europes digital autonomy and resilience.Market news: Alarms sounded again in Kuwait.

Natural Gas, WTI Oil, Brent Oil – Oil Markets Test New Highs

Cory Russell

Jan 18, 2023 16:09

Natural Gas

Natural gas settled near the $3.60 level as traders remained focused on weather forecasts. The current market consensus implies that weather will turn colder closer to the end of the month. However, it remains to be seen whether forecasts will provide additional support to natural gas markets in the near term as current demand for natural gas remains low.

WTI Oil

WTI oil tested new highs today as traders bet on rising demand from China. In its latest report, OPEC said that world demand will grow by 2.22 million bpd in 2023. However, this estimate could be revised as the fourth quarter of 2022 was stronger than expected.

Brent Oil

Brent oil has also enjoyed strong support in today’s trading session. While resistance near the $87 level remains strong, Brent oil will have a good chance to climb above this level if traders stay focused on rising demand from China.