Jerry Lin
The Latest
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Dollar's Surge Amid Middle East Tensions and Strong US Jobs Report
In the wake of escalating tensions in the Middle East and a robust US jobs report, the US Dollar has experienced a significant surge against major currencies, notably the Pound and Euro. This financial shift underscores the intricate interplay of geopolitical events and domestic economic indicators in influencing global currency markets. 
In the wake of escalating tensions in the Middle East and a robust US jobs report, the US Dollar has experienced a significant surge against major currencies, notably the Pound and Euro. This financial shift underscores the intricate interplay of geopolitical events and domestic economic indicators in influencing global currency markets. -
OPEC Raises Long-Term Oil Demand Forecast: Expects 16% Increase Over Next Two Decades
Despite global efforts to transition to clean energy, OPEC believes the world will continue to rely on oil for a considerable time. 
Despite global efforts to transition to clean energy, OPEC believes the world will continue to rely on oil for a considerable time. -
Oil Prices Surge Amidst Israel-Hamas Conflict: Global Markets on Edge
In a dramatic turn of events, oil prices have witnessed a significant surge as the conflict between Israel and Hamas intensifies, sending shockwaves through global markets. The ongoing military confrontations and political uncertainties in the Middle East have led to heightened concerns among investors and traders, resulting in volatile oil prices. 
In a dramatic turn of events, oil prices have witnessed a significant surge as the conflict between Israel and Hamas intensifies, sending shockwaves through global markets. The ongoing military confrontations and political uncertainties in the Middle East have led to heightened concerns among investors and traders, resulting in volatile oil prices. -
Saudi's Oil Play: Boosting Production for U.S.-Saudi Defense Pact?
Oil prices took a significant hit this week, plummeting nearly 9%-the worst weekly performance in six months. Is Saudi Arabia the main culprit behind this decline? 
Oil prices took a significant hit this week, plummeting nearly 9%-the worst weekly performance in six months. Is Saudi Arabia the main culprit behind this decline? -
EU Aims to Be a 'Player, Not the Chessboard' in Tech: Launches Risk Assessment in Four Key Sectors
European Commission announced in Strasbourg, France, that it will conduct a collective risk assessment with its member states in four technology sectors: semiconductors, artificial intelligence, quantum technology, and biotechnology. 
European Commission announced in Strasbourg, France, that it will conduct a collective risk assessment with its member states in four technology sectors: semiconductors, artificial intelligence, quantum technology, and biotechnology. -
Oil Prices Plunge Over 5% to a Five-Week Low: What's Behind the Drop?
The U.S. Energy Information Administration (EIA) released its weekly inventory report on Wednesday, revealing a larger-than-expected decline in U.S. crude oil stockpiles, the lowest since December 2022. However, the average gasoline demand over the past four weeks hit its lowest seasonal level since 1998. As a result, oil prices plummeted by $5, marking their largest drop in over a year and a five-week low. This weak demand also pushed U.S. gasoline prices down by 6%, reaching a five-month low. 
The U.S. Energy Information Administration (EIA) released its weekly inventory report on Wednesday, revealing a larger-than-expected decline in U.S. crude oil stockpiles, the lowest since December 2022. However, the average gasoline demand over the past four weeks hit its lowest seasonal level since 1998. As a result, oil prices plummeted by $5, marking their largest drop in over a year and a five-week low. This weak demand also pushed U.S. gasoline prices down by 6%, reaching a five-month low. -
China and EU Clash Over Electric Vehicle Subsidy Probe
In a recent development that has ruffled diplomatic feathers, China has expressed its dissatisfaction with the European Union's decision to launch an inquiry into subsidies for electric vehicles (EVs). The European Commission has initiated this investigation to determine whether tariffs should be set to protect its producers from the influx of cheaper Chinese EVs, which are believed to benefit from state subsidies. 
In a recent development that has ruffled diplomatic feathers, China has expressed its dissatisfaction with the European Union's decision to launch an inquiry into subsidies for electric vehicles (EVs). The European Commission has initiated this investigation to determine whether tariffs should be set to protect its producers from the influx of cheaper Chinese EVs, which are believed to benefit from state subsidies. -
Saudi Arabia and Russia Extend Production Cuts, Boosting Oil Prices Amid U.S. Inventory Concerns
In a move that has heightened inflationary concerns in the West, Russia and Saudi Arabia, two major oil-producing nations, have continued their voluntary production cuts this month. This decision comes after Brent crude surpassed the $90 per barrel mark in September, signaling that the tightening supply situation is set to persist, adding more variables to the inflationary pressures faced by Europe and the U.S. In a move that has heightened inflationary concerns in the West, Russia and Saudi Arabia, two major oil-producing nations, have continued their voluntary production cuts this month. This decision comes after Brent crude surpassed the $90 per barrel mark in September, signaling that the tightening supply situation is set to persist, adding more variables to the inflationary pressures faced by Europe and the U.S. -
Vietnam's Real Estate Tycoons in Hot Water: Billions in Fraudulent Fundraising Exposed
Last year, Vietnam's Ministry of Public Security arrested Zhang Meilan, the chairperson of the board of directors of Wanshengfa, along with other senior executives of the company, on charges of fraudulently acquiring assets. These executives were also believed to have ties to the Saigon Commercial Bank, leading to a brief run on the bank. 
Last year, Vietnam's Ministry of Public Security arrested Zhang Meilan, the chairperson of the board of directors of Wanshengfa, along with other senior executives of the company, on charges of fraudulently acquiring assets. These executives were also believed to have ties to the Saigon Commercial Bank, leading to a brief run on the bank. -
Saudi Arabia and Russia Boost Oil Exports; Aramco Eyes LNG Expansion
Saudi Arabia and Russia ramped up their daily oil exports by 1 million barrels in September. Saudi Arabia's daily maritime oil exports surged by over 800,000 barrels, while Russia increased its daily exports by 325,000 barrels through Baltic and Black Sea ports. However, even with this uptick, both countries' export volumes remain well below their July levels. If the oil was directed to refineries on Saudi's western coast, September's export figures would be even lower. 
Saudi Arabia and Russia ramped up their daily oil exports by 1 million barrels in September. Saudi Arabia's daily maritime oil exports surged by over 800,000 barrels, while Russia increased its daily exports by 325,000 barrels through Baltic and Black Sea ports. However, even with this uptick, both countries' export volumes remain well below their July levels. If the oil was directed to refineries on Saudi's western coast, September's export figures would be even lower.
