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KWG Group Holdings Limited (01813.HK): As of March 2026, the Group and its joint ventures and associates’ pre-sales amounted to RMB352 million, a decrease of 56.1% compared with the same period last year.Market news: The official price of Omani crude oil for June delivery reached $100.19 per barrel.According to Irans Tasnim News Agency, Iranian President Pezechzian stated that the recently reached ceasefire framework was formulated based on consensus among key figures in the Iranian government and was approved by Irans Supreme Leader Mojtaba. The framework is based on principles such as dignity, wisdom, and national interests.US March Unadjusted Core CPI YoY (Previous: +2.5%; Reuters Forecast: +2.7%) 1. DNB (Norway): 3.0%; BNP Paribas: 2.8%; Capital Economics: 2.8%; Lloyds Banking Group: 2.8%; 2. ANZ: 2.7%; DekaBank: 2.7%; Goldman Sachs: 2.7%; Barclays: 2.7%; 3. ING: 2.7%; JPMorgan Chase: 2.7%; Nomura Securities: 2.7%; Jefferies Group: 2.7%; 4. RBC: 2.7%; Standard Chartered Bank: 2.7%; TD Securities: 2.7%; Nordea: 2.7%; 5. UBS: 2.7%; Wells Fargo: 2.7%; Citigroup: 2.6%; Morgan Stanley: 2.6%; US March Seasonally Adjusted Core CPI MoM (Previous: +0.2%; Reuters Forecast: +0.3%) 1. BNP Paribas: 0.4%; Lloyds: 0.4%; Sparta Capital: 0.4%; ANZ: 0.3%; 2. Capital Economics: 0.3%; Commerzbank: 0.3%; Barclays: 0.3%; Deutsche Bank: 0.3%; 3. Goldman Sachs: 0.3%; ING: 0.3%; JPMorgan Chase: 0.3%; Nomura Securities: 0.3%; 4. Moodys Analytics: 0.3%; RBC: 0.3%; Societe Generale: 0.3%; Jefferies Group: 0.3%; 5. Standard Chartered Bank: 0.3%; TD Securities: 0.3%; UBS: 0.3%; Wells Fargo: 0.3%; 6. Citigroup: 0.2%; Mizuho Securities: 0.2%; FHN Financial: 0.2%; Morgan Stanley: 0.2%. April 10th - As of April 10th, 2026, there are 516,000 optical communication-related enterprises in my country. In terms of registration volume, in 2025, the number of registered optical communication-related enterprises in my country increased by 12.2% year-on-year to 115,600, setting a new high for annual enterprise registrations in nearly ten years. In terms of regional distribution, East China had the highest number of registered related enterprises in 2025, accounting for 35.8%, followed by Central China, accounting for 17.1%. As of April 10th, 2026, 24,300 optical communication-related enterprises have been registered in my country.

Oil costs increase as supply restrictions trump economic worries

Charlie Brooks

Jul 05, 2022 11:12


Oil prices climbed on Monday as supply worries spurred by a decrease in OPEC production, unrest in Libya, and sanctions against Russia trumped fears of a worldwide recession that would diminish demand.


In June, Euro zone inflation hit an all-time high, boosting the case for rapid rate rises by the European Central Bank, while consumer sentiment in the United States reached an all-time low.


Brent oil rose $2.26, or 2%, to $113.89 a barrel as of 12:47 p.m. ET (1648 GMT), after shedding more than $1 in early trading. The price of U.S. West Texas Intermediate (WTI) crude rose $2.20, or 2%, to $110.63 despite the lack of trading activity over the Fourth of July holiday.


According to a Reuters survey, the Organization of the Petroleum Exporting Countries (OPEC) failed to meet its June goal of increasing production.


Thursday, authorities in OPEC member Libya declared force majeure at the Es Sidr and Ras Lanuf ports and the El Feel oilfield, claiming a reduction of 865,000 barrels per day in oil output (bpd).


Meanwhile, more than two weeks of unrest have caused Ecuador to lose almost 2 million barrels of production, according to Petroecuador, the country's state-owned oil company.


This week, a strike in Norway may restrict supply from the biggest oil producer in Western Europe and reduce overall petroleum production by 8 percent.


"This background of rising supply interruptions clashes with a probable shortage of spare production capacity among Middle Eastern oil producers," said Stephen Brennock of oil trader PVM, referring to the producers' limited ability to pump more oil.


And prices will climb if new oil production does not reach the market shortly.


On Monday, British Prime Minister Boris Johnson asked OPEC+ to raise oil output to tackle the growing cost of living.


As a consequence of Russia's invasion of Ukraine, supply concerns have sent Brent oil prices close to 2008's record high of $147 a barrel.


As a consequence of restrictions on Russian oil and limited gas supplies, surging energy prices have driven inflation in certain countries to multi-decade highs and stoked fears of a recession.


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