Jerry Lin
The Latest
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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. -
Microplastics in the Sky: The Unseen Pollutants Clouding Our Atmosphere
In a groundbreaking discovery, researchers from Japan have identified microplastics suspended in the clouds, raising alarming concerns about the extent of plastic pollution and its potential implications for the environment and climate. These findings, sourced from two separate studies, shed light on the pervasive nature of microplastics and their ability to infiltrate even the most unexpected places. 
In a groundbreaking discovery, researchers from Japan have identified microplastics suspended in the clouds, raising alarming concerns about the extent of plastic pollution and its potential implications for the environment and climate. These findings, sourced from two separate studies, shed light on the pervasive nature of microplastics and their ability to infiltrate even the most unexpected places. -
Yen's Descent and Its Impact on Japan's Corporate and Domestic Landscape
In recent financial developments, the Japanese yen has been on a downward trajectory, reaching an 11-month low of ¥148.3 against the US dollar. This decline has been so significant that it prompted verbal intervention from Japanese authorities, igniting market speculation about potential direct action if the yen's descent continues at its current pace. 
In recent financial developments, the Japanese yen has been on a downward trajectory, reaching an 11-month low of ¥148.3 against the US dollar. This decline has been so significant that it prompted verbal intervention from Japanese authorities, igniting market speculation about potential direct action if the yen's descent continues at its current pace. -
Global Oil Premiums Skyrocket: U.S. Reserves Dwindle, Europe Faces Shortage
As global oil prices continue to surge, dwindling U.S. oil reserves are exacerbating an already strained global supply. 
As global oil prices continue to surge, dwindling U.S. oil reserves are exacerbating an already strained global supply. -
Euro Zone Inflation Eases to Two-Year Low Amid Economic Slowdown
In a significant development for the European economy, inflation in the euro zone has dropped to its lowest level since October 2021. According to flash figures released, the annual inflation rate for September stood at 4.3%, a decline from the 5.2% recorded in August. On a month-on-month basis, the inflation rate decreased from 0.5% in August to 0.3% in September. 
In a significant development for the European economy, inflation in the euro zone has dropped to its lowest level since October 2021. According to flash figures released, the annual inflation rate for September stood at 4.3%, a decline from the 5.2% recorded in August. On a month-on-month basis, the inflation rate decreased from 0.5% in August to 0.3% in September. -
Japanese Bonds Echo 1998: As Yen Nears 150, All Eyes on the Bank of Japan"
On Thursday, the "U.S. bond storm" hit the Japanese market, resulting in a triple hit on Japanese stocks, bonds, and currency. By Friday, Japanese government bond yields continued to rise, with the 10-year yield briefly touching 0.77%, its highest since 2013. On Thursday, the "U.S. bond storm" hit the Japanese market, resulting in a triple hit on Japanese stocks, bonds, and currency. By Friday, Japanese government bond yields continued to rise, with the 10-year yield briefly touching 0.77%, its highest since 2013.
