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Malaysian Prime Minister Anwar Ibrahim: The new fuel quota system will be implemented on September 1.On August 30th, it was reported that on August 29th local time, violent attacks by Jewish settlers occurred in several locations in the West Bank, resulting in multiple injuries. In the village of Goslah, over 50 masked settlers threw stones at Palestinian residents inside their homes; in the village of Jaloud, masked settlers intercepted and attacked a vehicle belonging to the NBC News team; and in the village of Khaldin, armed settlers kidnapped and detained a British activist who supports Palestine.According to the Anhui Provincial Bureau of Statistics, from January to July, industrial enterprises above designated size in Anhui Province achieved operating revenue of 3,725.73 billion yuan, a year-on-year increase of 17.6%; operating costs reached 3,227.32 billion yuan, an increase of 16.2%; and total profits reached 195.91 billion yuan, an increase of 63.5%. From January to July, the cost per 100 yuan of operating revenue for industrial enterprises above designated size was 86.62 yuan, and the expenses per 100 yuan of operating revenue were 7.31 yuan. At the end of July, accounts receivable for industrial enterprises above designated size reached 1,635.85 billion yuan, a year-on-year increase of 25.6%; and finished goods inventory reached 310.74 billion yuan, an increase of 19.6%. At the end of July, the operating revenue per 100 yuan of assets for industrial enterprises above designated size was 80.2 yuan, and the per capita operating revenue was 2.089 million yuan.According to Icelandic Broadcasting Corporation: Iceland voted against holding negotiations to join the European Union.According to Icelandic public broadcaster RUV, in the vote counted in 5 out of 6 constituencies, the "oppose" side of Icelands accession to the European Union is leading with 52.5% of the vote.

Supply and demand equilibrium stabilizes oil prices after a steep drop

Norah Atkinson

Sep 27, 2022 14:39

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Oil prices stabilized in Tuesday's early Asian trade as OPEC+ and a weakening dollar eased an earlier selloff.


By 00:33 GMT, Brent crude prices rose 26 cents, or 0.3%, to $84.32 per barrel, while WTI futures rose 19 cents to $76.90 per barrel. On Monday, both benchmarks decreased $2 per barrel due to a stronger currency.


Ihsan Abdul Jabbar, the oil minister of Iraq, stated that OPEC+, which includes Russia, is monitoring oil prices to maintain market equilibrium.


"We do not want oil prices to skyrocket or plummet," he remarked on state television.


On account of the strength of the dollar, oil prices settled at nine-month lows after Abdul Jabbar's remarks.


This year, OPEC+ increased production following record cuts in 2020 due to the COVID-19 outbreak. In recent months, the corporation has not met its output targets.


A weakening dollar, which moves in the opposite direction of oil, aided prices. While the dollar fell following the settlement, it reached its highest level since May 2002 on Monday morning.


Uncertainty regarding supply interruptions resulting from the Russia-Ukraine conflict and tightened monetary policy prevented prices from increasing.

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