On February 3, Russian Deputy Prime Minister Novak said that the OPEC + Joint Ministerial Monitoring Committee (JMMC) discussed US President Donald Trump's call to increase oil production. In an interview with Russian television, Novak said that the committee agreed that OPEC + will gradually increase oil production starting from April 1, which is in line with previous plans. Trump has previously publicly called on OPEC + and its main member Saudi Arabia to lower oil prices, saying that doing so...
Samsung Electronics plans to mass-produce the first generation of 2nm chips in 2025.
Global agricultural weather tracking, summarizing the weather and crop impacts of soybeans and corn in major global agricultural regions.
Global agricultural weather tracking, summarizing the weather and crop impacts of soybeans and corn in major global agricultural regions.
EIA report: January 17 week U.S. domestic crude oil production decreased by 4,000 barrels to 13.477 million barrels per day.
On January 22nd, China National Offshore Oil (00883.HK) announced its 2025 business strategy and development plan. The company's daily net output in 2025 exceeded 2 million barrels of oil equivalent/day, and continued to consolidate its profit foundation. It is worth noting that China National Offshore Oil continues its active dividend policy, with a dividend payout ratio of not less than 45% from 2025 to 2027. Previously, the dividend payout ratio from 2022 to 2024 announced at the end of March...
Investment banks believe that the increase in U.S. crude oil production will be a sustainable demand, but Trump's executive order is actually following the trend.
Global agricultural weather tracking, summarizing the weather and crop impacts of soybeans and corn in major global agricultural regions.
EIA report: January 10 week U.S. domestic crude oil production decreased by 82,000 barrels to 13.481 million barrels per day.
Malaysian Palm Oil Board MPOB: Palm oil production is expected to be 19.50 million tonnes in 2025 and 19.34 million tonnes in 2024.
On January 13, in the latest 2024 automotive industry data released by the China Association of Automobile Manufacturers, the number of new energy vehicles produced and sold exceeded 12 million, ranking first in the world for ten consecutive years. The latest data shows that in 2024, the production and sales of new energy vehicles completed 12.888 million and 12.866 million respectively, an increase of 34.4% and 35.5% year-on-year, and the sales of new energy vehicles reached 40.9% of the total ...
On January 13, Wang Lingjun, deputy director of the General Administration of Customs, said at a press conference that no matter from the perspective of comparative advantage or global market demand, there is no so-called "China's overcapacity" problem, which is purely a false proposition. Made in China is widely popular in the global market, relying on a complete and continuous iterative upgrade of the industrial system, relying on continuous R & D investment and innovation. We have ensured the...
USDA: January U.S. 2024/2025 soybean production is expected to be 4.366 billion bushels, market expectations are 4.453 billion bushels, December monthly report is expected to be 4.461 billion bushels; January U.S. 2024/2025 soybean ending inventory is expected to be 380 million bushels, market expectations are 457 million bushels, December monthly report is expected to be 470 million bushels; January U.S. 2024/2025 soybean yield is expected to be 50.7 bushels/acre, market expectations are 51.6 b...
USDA: Argentina 2024/2025 soybean production is expected to remain unchanged at 52 million tons, the market is expected to 51.91 million tons; Brazil 2024/2025 soybean production is expected to remain unchanged at 169 million tons, the market is expected to 170.28 million tons.
USDA: Argentina 2024/2025 corn production is expected to remain unchanged at the previous 51 million tons, the market is expected to 50.54 million tons; Brazil 2024/2025 corn production is expected to remain unchanged at the previous 127.05 million tons, the market is expected to 127 million tons.