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1.16915
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Gold
4733.89
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Oil
92.019
0.067%
USD/JPY
159.498
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1.34863
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Real-time News
On April 23, Wen Shugang, Chairman and Party Secretary of China Huaneng Group Co., Ltd., met with Mao Weiming, Deputy Secretary of the Hunan Provincial Party Committee and Governor of Hunan Province, in Changsha on April 22. Mao Weiming expressed his hope that China Huaneng would continue to increase its investment in Hunan during the 15th Five-Year Plan period, deploying more new projects, technologies, and concepts to Hunan, accelerating project upgrades and renovations, supporting the construction of Hunans coal reserve base, and jointly building a new power system.On April 23, the National Energy Administration held a special meeting on the construction of the Yangtze River Delta power market on April 22. The meeting emphasized that new breakthroughs should be achieved in the construction of the Yangtze River Delta power market this year. First, systematic planning and orderly advancement are crucial. The 2026 implementation plan for the construction of the Yangtze River Delta power market will be issued, market risk management plans will be improved, technical support systems will be enhanced, and interconnection and mutual recognition of power trading platforms and transaction information will be achieved. Second, meticulous work and practical results are essential. The mechanism for connecting cross-provincial and cross-regional transactions with intra-provincial transactions will be coordinated and promoted, the power mutual assistance trading mechanism will be improved, trading varieties will be optimized and integrated, and continuous operation of medium- and long-term rolling matching and day-ahead real-time mutual assistance trading will be achieved. The regional reserve ancillary service market will be studied, and the participation of demand-side resources in mutual assistance trading will be explored. Third, close cooperation and collaboration are vital. The roles of the market management committee and joint meetings will be fully utilized to build consensus and form synergy, focusing on breaking down market segmentation and trading barriers, and further tapping the potential for mutual assistance among regional synchronous power grids.April 23 - Initial jobless claims in the U.S. rose last week, but current levels remain consistent with low layoff rates. Data released by the U.S. Department of Labor on Thursday showed that initial jobless claims for the week ending April 18 increased by 6,000 to 214,000, compared to a market median forecast of 210,000. This period coincides with the period referenced in the governments April jobs report. Continuing jobless claims rose to 1.82 million. Initial claims remain near their lowest levels since last year, consistent with other recent data indicating a stabilizing labor market. A poll conducted in late March showed that about half of U.S. workers feared losing their jobs, but the jobless claims data has not yet reflected a significant increase in layoffs.On April 23, Hungarys oil and gas company announced that it had received crude oil via the Friendship Pipeline after a nearly three-month shutdown. The Friendship Pipeline is a large pipeline system that transports Russian crude oil to Central and Eastern Europe. Russian oil shipments via the Ukrainian section of the Friendship Pipeline to Europe were suspended on January 27. Ukraine claims the pipeline was damaged in a Russian attack, but Hungary and Slovakia do not accept this explanation. The Hungarian government accuses Ukraine of deliberately creating an "oil blockade" to obstruct Russian crude oil supplies. In March, at the EU summit, Hungary blocked a €90 billion EU aid loan to Ukraine, citing Ukraines suspension of Russian oil shipments via the Friendship Pipeline.The battle between bulls and bears in international oil prices intensifies, with Brent crude approaching the $96 mark. A chart provides a quick overview of the pre-market conversion prices of crude oil between domestic and international markets.
