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On September 4th, Wang Wenjun, Deputy Director of the National Healthcare Security Administration, introduced at a press conference held by the State Council Information Office on the theme of "Starting the 15th Five-Year Plan" that in the first seven months of this year, the maternity insurance fund expenditure reached 78.42 billion yuan, benefiting 25.56 million people, including 60.78 billion yuan in maternity allowance expenditure, which was fully realized through direct payment to individuals. During the 15th Five-Year Plan period, efforts will be made to promote the simultaneous participation of flexible employment personnel, migrant workers, and new employment forms in maternity insurance while participating in employee medical insurance, reasonably improve the level of prenatal examination protection, promote the basic realization of "no out-of-pocket expenses" for inpatient delivery within the policy scope, and further expand the scope of direct settlement of maternity medical expenses in different regions.September 4th – This morning, the State Council Information Office held a press conference on the theme of "Starting the 15th Five-Year Plan," introducing the relevant situation regarding promoting high-quality development of medical insurance and better serving Chinas modernization. During the 15th Five-Year Plan period, the medical insurance sector will continue to strengthen the foundation of universal medical insurance, continuously optimize the structure of universal participation, and expand the participation of key groups such as flexible employment personnel, migrant workers, and those in new employment forms in employee medical insurance. It will continue to improve the level of maternity medical security, enabling direct settlement of maternity medical expenses for insured individuals and direct payment of maternity allowances to individuals. A comprehensive long-term care insurance system will be established, long-term care insurance service policies will be improved, and the capacity and level of long-term care services will be enhanced.The South Korean presidential office stated that security negotiations with the United States have made no progress.According to Interfax news agency, citing authorities, a Ukrainian drone attack caused a fire at an oil depot in Sochi, a port city on Russias Black Sea coast.On September 4th, the State Councils Safety Production Committee Office convened a video conference on September 3rd to coordinate and advance the investigation and rectification of "fake new energy refueling stations." The meeting required that, following the methods used in Hubei Province, a thorough and comprehensive investigation of "fake new energy refueling stations" in the region be conducted to ensure a complete and accurate assessment. It stressed strengthening joint enforcement across the entire chain, clarifying the enforcement entities responsible for various illegal activities, unifying enforcement standards, refining discretionary criteria, and enhancing consultation and judgment, adhering to the principle of "punishing all who should be punished and ensuring proportionality," and maintaining a high-pressure stance against illegal activities. The meeting also emphasized strictly implementing the cross-departmental regulatory mechanism for refined oil products, conducting routine investigations and rectifications of illegal gas stations, including "fake new energy refueling stations," broadening the sources of leads and investigation methods, improving systems for lead transfer, information sharing, and case consultation, enhancing joint supervision, verification and handling capabilities, and strictly preventing a resurgence of illegal activities.

Natural Gas prices fall below $2.70 despite USD Index attempts to recover, and demand concerns grow

Alina Haynes

Mar 14, 2023 13:12

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After a perpendicular recovery to close to $2.70 in the Asian session, Natural Gas futures have turned sideways. Weakness in the US Dollar Index (DXY), in general, has aided the upward bias in natural gas prices. Natural Gas futures appear vulnerable near $2.70 as the USD Index has demonstrated a recovery move to near 103.90 as investors become anxious ahead of the release of the United States Consumer Price Index (CPI) data.

 

The Federal Reserve's decision to raise interest rates is anticipated to have a negative impact on industrial demand for natural gas (Fed). The market anticipates that Fed chair Jerome Powell's scheduled rate hikes will lead to a recession in the near future.

 

Meanwhile, Winter is nearing its conclusion and summer has not yet arrived. Consequently, demand for residential purposes to heat domestic spaces will remain low. Additionally, because residences will require less electricity to operate air conditioners, power companies are less reliant on natural gas.

 

The recent decline in the USD Index is what has given Natural Gas prices new life. The US Energy Information Administration's (EIA) inventory data, which is released every Thursday, will dominate this week's trading in Natural Gas futures.

 

Going forward, investors eagerly anticipate the publication of US inflation data in order to form a new consensus. According to the projections, the headline CPI could fall to 6.0% from the previous release of 6.4%. And, core inflation, which excludes crude and food prices, is anticipated to decrease slightly to 5.5% from the previous release of 5.6%.