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April 27th - The State Council Information Office will hold a regular policy briefing at 3:00 PM on Tuesday, April 28th, 2026. Shen Zhulin, Vice Chairman of the National Development and Reform Commission; Zhang Li, Assistant Minister of Commerce; Gao Zheng, Vice Minister of Culture and Tourism; Deng Zhiyong, Vice Minister of the State Administration for Market Regulation and Director of the State Standardization Administration; and relevant officials from the Ministry of Industry and Information Technology will introduce the "Opinions on Promoting the Expansion and Quality Improvement of the Service Industry" and answer questions from reporters.April 27th - According to data from the Ministry of Commerce, my countrys wholesale and retail trade added value increased by 4.1% year-on-year in the first quarter, indicating a good start for the sector. In the first quarter, the added value of my countrys wholesale and retail trade reached 3.5 trillion yuan, a year-on-year increase of 4.1%, accounting for 10.5% of GDP. Market operations started smoothly, with most sectors maintaining growth. Looking at the wholesale sector, in the first quarter, the transaction volume of key commodity markets monitored by the Ministry of Commerce increased by 8.6% year-on-year, with the transaction volume of production materials and industrial consumer goods markets increasing by 16.1% and 10.7% year-on-year, respectively. Looking at the retail sector, in the first quarter, retail sales of goods reached 11.3 trillion yuan, a year-on-year increase of 2.2%.On April 27th, the National Energy Administration released data on national electric vehicle charging infrastructure for March 2026. According to data from the National Charging Infrastructure Monitoring and Service Platform, as of the end of March 2026, the total number of electric vehicle charging infrastructure (guns) in my country reached 21.481 million, a year-on-year increase of 46.9%. Among them, there were 4.863 million public charging facilities (guns), a year-on-year increase of 28.1%, with a total rated power of 234 million kilowatts and an average power of approximately 48.06 kilowatts; and 16.618 million private charging facilities (guns), a year-on-year increase of 53.5%, with a registered power capacity of 147 million kilovolt-amperes.Hong Kong stocks two major model stocks weakened amid volatility, with MINIMAX-W (00100.HK) falling more than 12% and Zhipu (02513.HK) falling more than 3%.Hesai-W (02525.HK) rose more than 10% during trading after the company announced that its 6D full-color lidar has been used in mass-produced commercial vehicles for the first time.

Energy Prices Fall As Concerns About Russia's Oil Sanctions Grow

Aria Thomas

Apr 08, 2022 09:22

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Brent oil futures slid 49 cents, or 0.5 percent, to $100.58 a barrel, while West Texas Intermediate (WTI) crude in the United States sank 20 cents, or 0.6 percent, to $96.03 a barrel. Both benchmarks fell more than 5% in the previous session to their lowest closing levels since March 16.


Josep Borrell, the European Union's top diplomat, warned a NATO summit that fresh EU sanctions, including a ban on Russian coal, may be adopted Thursday or Friday, and the group would next consider an oil embargo.


The coal prohibition, on the other hand, would take effect in its entirety in mid-August, a month later than originally anticipated.


"Nobody wants to take the risk of sanctioning Russian energy, which has been propping up the market," said Bob Yawger, director of energy futures at Mizuho.


India has maintained its purchases of discounted Russian crude oil imports, avoiding the loss of 2-3 million barrels of Russian oil per day expected by experts.


"While such a loss is still conceivable after contracts expire and India's refinery or storage requirements are met, such a scenario is still weeks, if not months, away," said Jim Ritterbusch, president of Ritterbusch and Associates LLC in Galena, Illinois.


Multiple outbreaks of the virus in China have triggered significant lockdowns in the country's largest metropolis, Shanghai.


"The demand situation in China is very dire, even more so now that there is so much fresh supply on the market," said John Kilduff, a New York-based partner at Again Capital LLC.


On Wednesday, member nations of the International Energy Agency (IEA) agreed to release an additional 60 million barrels on top of the 180 million barrels promised last week by the United States to help bring down gasoline prices.


Japan's Kyodo news agency stated that the country would release 15 million barrels of oil from public and private stockpiles.


"While this is the largest release since the stockpile was established in 1980, it will ultimately fail to alter the oil market's fundamentals," ANZ bank stated of the US dump.


According to ANZ, the announcement will likely postpone any producer production rises and may provide OPEC+ with further "breathing space despite requests to expand output further."


Other experts saw the stock market's rebound as a significant relief despite worries about market tightening.


"In light of these volumes, prior fears about supply constraints are no longer warranted, as seen by the price trend," Commerzbank (DE:CBKG) stated, adding that Brent prices had fallen by nearly $12 a barrel since the initial indication of a US release last week.


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