The United Arab Emirates has announced that it will formally withdraw from OPEC and the OPEC+ alliance on May 1, with no room for negotiation.

Macroeconomics 1. [Compute-Power Synergy] The National Energy Administration will formulate and implement the "15th Five-Year Plan" for the construction of a new-type power system. This plan

According to Sina Finance, developments in US-Iran negotiations remain fluid. As reported by Xinhua News Agency, citing The Wall Street Journal on the 21st, a

On April 27, the Commodity Price Index (BPI) stood at 1,075 points, an increase of 1 point from the previous day. This represents a decline

April 27 (Monday) — Preliminary survey results released on Monday indicate that U.S. crude oil inventories likely increased last week, while stocks of distillates and

Macroeconomics 1. [Industrial Enterprise Profits] National Bureau of Statistics: From January to March, industrial enterprises above a designated size nationwide realized total profits of 1,696.04 billion

On April 21, international crude oil futures rose. The settlement price for the June contract of U.S. WTI crude oil futures stood at $89.67 per

On Sunday, April 26, driven by declining production in the Middle East, Goldman Sachs raised its fourth-quarter price forecast for Brent crude to $90 per

With recent geopolitical tensions in the Middle East continuing to escalate, the Strait of Hormuz has been closed once again following a brief reopening. This

On April 23, the Commodity Price Index (BPI) stood at 1,077 points, a decrease of 6 points from the previous day. This represents a decline

On April 22, the General Office of the Central Committee of the Communist Party of China and the General Office of the State Council issued

According to Sina Finance, crude oil prices rose on Thursday as signs of a new escalation in the conflict with Iran cast a shadow over

Macroeconomics 1. [Energy Conservation and Carbon Reduction] The General Office of the State Council has issued a directive outlining measures to implement energy conservation and carbon

On April 22, the Bulk Commodity Price Index (BPI) stood at 1,083 points, a decrease of 5 points from the previous day. This represents a

According to China Energy News, the primary driver of recent volatility in the international crude oil market has shifted from macroeconomic sentiment to harsh physical

Macroeconomics 1. [Strategic Pre-positioning in Manufacturing] The Ministry of Industry and Information Technology (MIIT) convened its 19th symposium for manufacturing enterprises. Representatives from eight companies across

On April 20, international crude oil futures experienced a sharp rally. The settlement price for the June contract of U.S. WTI crude oil futures closed

On April 21, the Bulk Commodity Price Index (BPI) stood at 1,088 points, a decrease of 7 points from the previous day. This represents a

According to Sinochem news, the standoff between the US and Iran over the Strait of Hormuz continues. Although some cargo ships have managed to pass

Macroeconomics 1. [Electricity Consumption] National Energy Administration: In March, total electricity consumption across society reached 859.5 billion kWh, a year-on-year increase of 3.5%. Electricity consumption in