EUR/USD 1.15309
0.026%
Gold 4050.88
-1.284%
Oil 83.139
0.594%
USD/JPY 159.176
-0.208%
GBP/USD 1.34761
0.081%
GBP/JPY 214.510
-0.118%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
August 1st - According to Nikkei, the yen strengthened rapidly against the dollar in the New York foreign exchange market on the 31st, rising to around 157 yen to the dollar at one point. This marked the second consecutive day that the Japanese government and the Bank of Japan intervened in the exchange rate by buying yen, following interventions on the 30th.Google (GOOG.O): Gemini Spark is rolling out to Google AI Pro users outside the United States.August 1st - According to CBS News, citing multiple sources, the United States and Israel are planning "one of the most intense bombing campaigns to date" against Iranian energy infrastructure, potentially targeting power plants and oil refineries, with the operation possibly lasting throughout the weekend. Sources say Israel has been notified and is coordinating with the US, but Trump has not yet issued final approval. The report notes that the plan was proposed at Trumps cabinet meeting at Camp David on Friday, and some White House political aides strongly opposed it, fearing the operation could impact the US and global economy. Trump stated, "Were going to hit them very hard." The US has also discussed cutting off Tehrans power supply, but no decision has been made. Previously, Trump stated that for every attack on ships in the Strait of Hormuz, the US would bomb an Iranian bridge or power plant. If this operation is carried out, it would mean Israel has resumed military operations that were previously suspended due to a US-mediated ceasefire.August 1st - According to Irans Tasnim News Agency, the Houthi rebels in Yemen stated that, in order to implement their strategy of "blockade against blockade," eight Saudi oil tankers have been forced to change course and circle the Cape of Good Hope after maritime restrictions were imposed on them. The Houthis stated that the blockade against Saudi Arabia will continue and warned that they will take action against relevant vessels within their capabilities. The Houthis also stated that they will continue to push for the lifting of the blockade on Yemen and to protect their own interests.The U.S. military stated that as of July 31, Central Command had altered the routes of 30 merchant ships, rendered two ships inoperable, and boarded and inspected two more.

Oil Prices Continue to Decline As Large COVID Testing Has Commenced in China

Haiden Holmes

Apr 28, 2022 09:38

o3.png


Oil prices fell slightly in early Asian trade on Thursday, driven down by fears over growing coronavirus cases in China, the world's largest oil importer.


Beijing's capital recorded 48 new symptomatic and two new asymptomatic COVID-19 cases for April 27, according to state broadcaster CCTV.


The city had previously reported 31 symptomatic cases and three asymptomatic cases as part of a mass testing program aimed at controlling a new outbreak.


By 0006 GMT, Brent crude futures had fallen 37 cents, or 0.4 percent, to $104.95 a barrel. West Texas Intermediate crude futures in the United States lost 27 cents, or 0.3%, to $101.75 a barrel.


Beijing authorities are stepping up their efforts to contain COVID-19 infections and avert the city-wide shutdown that has engulfed Shanghai for a month.


Hangzhou, China's 12.2 million-person city and headquarters of e-commerce giant Alibaba (NYSE:BABA), will begin broad COVID testing on April 28, official media said Wednesday.


Concerns about a global energy supply shortage following Russia's invasion of Ukraine and subsequent sanctions imposed on Moscow by the US and its allies underpin the market.


Gazprom (MCX:GAZP), the Russian energy behemoth, announced on Wednesday that it has interrupted gas deliveries to Bulgaria and Poland.


According to trading records, Shell (LON:RDSa) announced that it would no longer take refined oil blended with Russian products, while Exxon Mobil (NYSE:XOM) declared force majeure on its Sakhalin-1 facilities in Russia's far east.

Suggestion