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Iraq's State Oil Marketing Organization (SOMO) announced that Iraq will set the official selling price for June Basra medium crude oil at a premium of $10.20 per barrel over Argus sour crude oil to North and South America.
Iraq's State Oil Marketing Organization (SOMO) announced that Iraq has set its official selling price for June Basra medium crude oil to Asia at a premium of $4.30 per barrel over the Oman/Dubai average.
Qatar's Ministry of Foreign Affairs: The meeting (with US officials) discussed the regional situation and mediation efforts aimed at easing tensions.
On May 10th, an official from the General Administration of Sport of China stated that they have recently noticed numerous events across the country celebrating the birthdays of national team athletes through methods such as displaying photos on large shopping mall screens and organizing offline fan gatherings. These activities not only consume significant public resources but also easily disrupt athletes' preparations for competitions. Furthermore, the unauthorized use of athletes' images by the organizers and shopping malls constitutes an infringement on the athletes' legal rights. The official urged everyone to focus on the athletes' performances and cheer them on. They also asked everyone to remain rational, abide by relevant laws and regulations, and refrain from organizing or participating in any birthday celebrations for athletes.
Market news: Libya's Zawiya refinery has resumed full operations.
Saudi Aramco shares rose 1.1% in early trading.
Saudi Aramco CEO: Our goal is simple: to ensure uninterrupted energy supply, even when the system is under pressure.
Saudi Aramco CEO: Asia remains a key priority for Saudi Aramco and is at the heart of global demand.
Saudi Aramco CEO: Reopening the route is not the same as restoring a market that has lost about 1 billion barrels of oil to normal.
Saudi Aramco CEO: Even if energy flows resume, the system is expected to slowly return to normal.
Saudi Aramco CEO: The operational flexibility enabled by the east-west pipeline has proven to be a vital lifeline, helping to mitigate some of the ripple effects of the severe global energy shock.
Saudi Aramco CEO: The past two months have clearly reminded us that oil and gas are crucial to energy security.
On May 10th, the Guangzhou Haizhu District Artificial Intelligence Scenario Trading Platform officially launched on the 9th, releasing 49 scenario orders in its first batch, with an intended value exceeding 13 million yuan. According to reports, the platform was centrally developed by the Haizhu District Government to efficiently connect AI supply and demand resources nationwide and promote precise matching of scenario orders. The platform includes functional sections such as scenario opportunity orders (nationwide), scenario capability library (nationwide), investment opportunities, and super scenarios. It is expected that by the end of this year, the platform will have accumulated over 400 orders and over 1,500 AI capability companies registered.
On May 10, Hong Kong Financial Secretary Paul Chan Mo-po published a blog post stating that the Guangdong-Hong Kong-Macao Greater Bay Area possesses three advantages: cutting-edge artificial intelligence research and development, a complete high-end manufacturing chain, and an international financial hub. These advantages enable Hong Kong to play two key roles during the 15th Five-Year Plan period: industrial synergy and regulatory alignment. With the three regions of Guangdong, Hong Kong, and Macao working together to develop "Greater Bay Area Standards," Hong Kong will become the "international interface" for emerging industries to establish themselves in the Greater Bay Area, as well as a platform for exchange and conversion between national and international standards.
On May 10th, the cruise ship "Hundius," which was involved in a Hantavirus outbreak, arrived in the waters of Granadilla, Tenerife, Spain, in the early hours of the 10th. According to data released by the World Health Organization on May 8th, as of that day, a total of 8 cases had been reported, including 3 deaths; 6 cases were laboratory-confirmed as Hantavirus infection, specifically Andean virus, a member of the Hantavirus family. It is understood that one of the infected individuals was a doctor on board. Meanwhile, some passengers questioned the cruise ship's response to the outbreak. Passenger Ruchi Genette stated, "Having only one doctor on board is simply not enough, and that doctor later also contracted the virus." He believes that the cruise ship's health screenings before passenger boarding should have been more rigorous, and that the level of attention paid to the risk of the outbreak was insufficient.
According to Iran's Tasnim News Agency, an Iranian military spokesman said that countries that comply with US sanctions against Iran will "face difficulties when crossing the Strait of Hormuz."
UK Maritime Trade Operations Office: No environmental impact reported.
Saudi Aramco: The East-West oil pipeline is now operating at full capacity, with a capacity of 7 million barrels per day.
Saudi Aramco: Make strategic investments in critical infrastructure and support operational continuity through robust contingency planning.
Saudi Aramco: The East-West pipeline provides relief for customers affected by shipping restrictions in the Strait of Hormuz.
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