EUR/USD 1.15340
-0.068%
Gold 4341.00
1.097%
Oil 99.066
-1.842%
USD/JPY 155.140
0.027%
GBP/USD 1.34516
-0.188%
GBP/JPY 208.695
-0.159%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On September 15th, data from the National Bureau of Statistics showed that in August, the year-on-year decline in new residential property prices in first-tier cities was 0.9%, a decrease of 0.2 percentage points compared to the previous month. Specifically, prices in Beijing, Guangzhou, and Shenzhen fell by 2.3%, 1.9%, and 2.3% respectively, while Shanghai saw an increase of 3.0%. In second- and third-tier cities, the year-on-year declines in new residential property prices were 2.7% and 4.1% respectively, both narrowing by 0.1 percentage points. In August, the year-on-year decline in existing residential property prices in first-tier cities was 2.7%, a decrease of 1.0 percentage point compared to the previous month. Specifically, prices in Beijing, Shanghai, Guangzhou, and Shenzhen fell by 3.5%, 0.8%, 3.8%, and 2.7% respectively. In second- and third-tier cities, the year-on-year declines in existing residential property prices were 4.9% and 5.6% respectively, both narrowing by 0.2 percentage points.New Residential Housing Prices: 1. Beijing: August new residential housing prices -0.2% month-on-month (previous value -0.3%), -2.3% year-on-year (previous value -2.3%). 2. Shanghai: August new residential housing prices +0.4% month-on-month (previous value +0.2%), +3.0% year-on-year (previous value +3.0%). 3. Guangzhou: August new residential housing prices +0.1% month-on-month (previous value +0.1%), -1.9% year-on-year (previous value -2.2%). 4. Shenzhen: August new residential housing prices +0.2% month-on-month (previous value +0.2%), -2.3% year-on-year (previous value -2.9%). Second-hand Residential Housing Prices: 1. Beijing: August second-hand residential housing prices -0.1% month-on-month (previous value 0.0%), -3.5% year-on-year (previous value -4.5%). 2. Shanghais existing home prices in August increased by 0.3% month-on-month (previous value +0.3%) and decreased by 0.8% year-on-year (previous value -2.0%). 3. Guangzhous existing home prices in August remained unchanged month-on-month (previous value +0.4%) and decreased by 3.8% year-on-year (previous value -4.7%). 4. Shenzhens existing home prices in August increased by 0.1% month-on-month (previous value +0.2%) and decreased by 2.7% year-on-year (previous value -3.6%).National Bureau of Statistics: Beijings second-hand housing prices in August decreased by 0.1% month-on-month (previous value +0%) and decreased by 3.5% year-on-year (previous value -4.5%).According to the National Bureau of Statistics, the price of second-hand residential properties in Shenzhen rose 0.1% month-on-month in August (up 0.2% in the previous month) and fell 2.7% year-on-year (down 3.6% in the previous month).September 15th - The 2026 China Carbon Market Conference was held in Wuhan, Hubei Province this morning, and the "National Carbon Market Development Report (2026)" was released at the conference. Reporters learned that as of the end of August, the national carbon emission trading market had accumulated transactions exceeding 900 million tons, with a transaction value exceeding 60 billion yuan. The national carbon market has grown from nothing to a significant stage, playing a crucial role in promoting the achievement of carbon peaking and carbon neutrality goals.

Oil prices fall as inflationary concerns overshadow anticipated OPEC+ output reductions

Charlie Brooks

Aug 30, 2022 10:49

8.png


Oil prices dropped on Tuesday, a day after reaching their highest level in more than a month during the previous session, as inflation fears trumped the potential of OPEC+ production cuts.


At 00:12 GMT on Tuesday, Brent crude futures fell 39 cents, or 0.3%, to $104.70 a barrel after gaining 4.1% on Monday. Following a 4.2% increase in the prior session, U.S. West Texas Intermediate crude traded at $96.79 per barrel, a decrease of 21 cents or 0.2%.


Inflation is hitting double digits in several of the world's top economies, a level not seen in nearly half a century, and investors are concerned that the United States and Europe may seek more aggressive interest rate hikes.


In the wake of the Ukraine conflict, Russia's oil output has exceeded expectations, the president of the International Energy Agency (IEA) said on Monday, adding to the downward pressure on prices. Moscow, which refers to its actions in Ukraine as a "special operation," will find it increasingly difficult to maintain production as Western sanctions take effect, he warned.


According to the agency's chairman, when the current system ends, IEA member nations may release more oil from their strategic petroleum reserves (SPR) if they think it necessary.


Saudi Arabia, the Organization of the Petroleum Exporting Countries (OPEClargest )'s producer, discussed the possibility of production cuts last week, which, according to sources, may coincide with an increase in supply from Iran if Tehran reaches a nuclear agreement with the West.


On September 5, OPEC+, which consists of OPEC, Russia, and partner producers, convenes to determine policy.


Tuesday at 4:30 p.m. EDT (2030 GMT), the American Petroleum Institute, a trade group, is set to provide information regarding U.S. crude inventories. The Energy Information Administration, the statistical arm of the U.S. Department of Energy, will release its own numbers on Wednesday at 10:30 a.m. (1430 GMT).


According to a preliminary Reuters poll conducted on Monday, crude oil stocks in the United States likely declined by 600,000 barrels, while distillates and gasoline inventories are also predicted to have decreased.

Suggestion