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On August 19th, Xin Guobin, Vice Minister of the Ministry of Industry and Information Technology, stated at the opening ceremony of the 2026 World Robot Conference that the operating revenue of large-scale robotics enterprises will exceed 300 billion yuan by 2025, with an average annual growth rate of over 20% in the past five years. In the first half of this year, revenue reached 165.5 billion yuan, a year-on-year increase of 24.5%. Robotics technology and products have been widely applied in all aspects of national economic and social development, becoming an important force driving high-quality development. The Ministry of Industry and Information Technology will focus on key industries with broad application space and strong demonstration effects, such as agriculture, healthcare, elderly care, and emergency response, and will organize categorized collaborative research and development between industry and application, conduct on-site application verification, and promote mature scenarios to accelerate the iteration and upgrading of new technologies and products through large-scale application in new scenarios.According to the official measurement of the China Earthquake Networks Center, a 3.7-magnitude earthquake occurred at 13:22 on August 19 in Haixi Prefecture, Qinghai Province (37.84 degrees north latitude, 95.62 degrees east longitude), with a focal depth of 10 kilometers.On August 19, 2026, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, held talks with Chilean Foreign Minister Pérez in Beijing. Wang Yi stated that China and Chile should maintain exchanges at all levels, consolidate high-level mutual trust, and continue to support each other on issues involving their core interests. China is willing to deepen cooperation with Chile around the APEC "Year of China" and accelerate the construction of the Asia-Pacific Community and the Asia-Pacific Free Trade Area. Both sides should strengthen the alignment of development strategies, steadily advance existing cooperation projects, further explore the potential for cooperation in areas such as artificial intelligence and the digital economy, and promote the upgrading of cooperation. They should enhance communication and collaboration, jointly advocate and practice genuine multilateralism, safeguard the international system with the United Nations at its core, play a constructive role in world peace and development, and promote the building of a community with a shared future for mankind.According to Al Arabiya TV: Iranian Parliament Speaker Qalibaf has arrived in Baghdad and will meet with Iraqi officials.On August 19th, the Zhuque-3 reusable launch vehicle successfully sent the "Honghu 03" satellite into its predetermined orbit from the Dongfeng Commercial Aerospace Innovation Test Zone, and also completed my countrys first-ever land-based recovery of the first stage landing gear of a launch vehicle. More than 1,000 kilometers from the launch site in Yizhuang, Beijing, the nations first open commercial aerospace tracking, telemetry, and command (TT&C) sharing platform—the Beijing Rocket Street Commercial Aerospace Intelligent TT&C Center—was officially launched that day, and conducted full-process tracking and control of the satellite and launch vehicle for this historic launch mission, achieving "Yizhuang rocket, Yizhuang satellite, Yizhuang TT&C."

Oil is up Almost 9% on the Week As a Supply Scare Disrupts Trade

Haiden Holmes

Apr 15, 2022 09:57

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Earlier in the day, gains in oil were restricted as Chinese refiners were prepared to lower crude throughput by nearly 6% this month. According to industry insiders and experts, the decline would be on a magnitude not seen since the early days of the COVID-19 epidemic two years ago.


However, news of the possible EU embargo on Russian oil led purchasers to purchase more lots of crude futures and persuaded some shorts to cover their positions ahead of the Good Friday holiday, resulting in a longer weekend for US markets.


"As we approached the holiday weekend, oil was sensitive to profit-taking, but a significant fall is still unnecessary given the supply position and the fact that fears about an economic slowdown have yet to materialize," said Ed Moya, analyst at online trading platform OANDA.


Brent crude oil, the global standard, ended the day up $2.92, or 2.7 percent, at $111.70 per barrel. Brent gained 8.7 percent for the week, after two consecutive weekly losses that left it down 13%.


The New York-traded West Texas Intermediate, or WTI, crude oil standard in the United States concluded Thursday's session up $2.70, or 2.6 percent, at $106.95. WTI gained 8.8 percent for the week, after a 13 percent decline in the previous two weeks.


According to the New York Times, the European Union is considering a phased-in embargo on Russian oil to provide Germany and other nations time to secure alternative supply.


A phased-in prohibition would compel European purchasers "to seek alternate sources, some of which are being provided in the short term via Strategic Petroleum Reserve releases, but in the future, more supplies from the ground would be necessary," Lipow Oil Associates' Andrew Lipow said in Houston.


Russia's Energy Ministry said that access to its data on oil and gas production and exports will be restricted.


The International Energy Agency warned on Wednesday that around 3 million barrels per day of Russian oil might be shut down starting in May as a result of sanctions or consumers intentionally rejecting Russian supplies.


In May, major global trading houses aim to reduce their imports of crude and gasoline from Russia's state-controlled oil corporations, Reuters reported on Wednesday.

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