Two Major Developments Ignite Oil Market, Prices Surge 4%
U.S. crude oil main contract closed higher.3.74% 59.38 /Barrel; Brent crude oil main contract rises3.54% 63.49 / Trump cancels meeting with Putin.U.S. Treasury Secretary Yellen stated that significant sanctions against Russia are expected to be greatly strengthened.EIACrude oil inventory decreases96.1The price of oil is rising due to favorable factors on both the supply and demand sides.
Related Breaking News
-
2026-03-13 10:24:51
Dreame Launches Solid-State Car Battery: Plans Small-Scale Delivery This Year, Mass Production in 2027
Dreame held the “Dreame Starry Sky Initiative” Product Matrix and Ecosystem Strategy Launch Event at the AWE 2026 China Home Appliance & Consumer Electronics Expo, which opened on March 12, announcing a new “Starry Sky Crystal Core Battery.” -
2026-03-13 10:24:11
State Council Food Safety Office: Accelerate Development and Revision of Food Safety Standards for Prepared Dishes and Cold-Chain Transportation; Conduct Routine Special Campaigns Against “Ghost Kitchens”
This year, the State Council’s Food Safety Office will accelerate the improvement of the regulatory and standard system, promote a comprehensive revision of the Food Safety Law, and expedite the formulation and revision of food safety-related standards—such as those for prepared dishes, pesticide and veterinary drug residue testing, and cold-chain transportation—to ensure that food safety supervision is conducted in accordance with clear standards and procedures. -
2026-03-13 10:09:41
Apple Announces Celebration of 50th Anniversary
Apple plans to celebrate its 50th anniversary on April 1. CEO Tim Cook released an open letter titled "Think Different: 50 Years," reflecting on the company's journey and thanking users and communities worldwide. Apple stated that celebratory events will take place in the coming weeks, though specific details have not yet been announced. -
2026-03-13 10:05:27
Li Yunfei Debunks Rumor That BYD Isn’t Building Charging Stations: BYD Was Among China’s First Automakers to Deploy Large-Scale Charging Infrastructure
Li Yunfei, General Manager of BYD Group’s Brand and Public Relations Department, released a video on March 12 to debunk the rumor that BYD does not build charging piles. He stated that, in fact, BYD was one of the earliest automakers in China to construct charging piles on a large scale. The current implementation of the “Flash Charging China” initiative is also aimed at alleviating concerns hindering the remaining 50% of fuel-vehicle owners from switching to electric vehicles. -
2026-03-13 10:03:27
Polypropylene Continuous Main Contract Rises 2%
On March 13, the main contract of polypropylene rose 2% on the day, now at 8660.00 yuan.
Most Popular
-
Supply Extremely Tight! LG Chem Declares Force Majeure on Export Contracts for Di-Octyl Terephthalate (DOTP)
-
Deadly Impact: Hormuz Strait Blockade Sparks Shortage of Plastic Raw Materials, Threatening Shutdowns at Japanese and Korean Chemical Plants
-
Huntsman Introduces “War Surcharge” Amid Shipping Disruption and Soaring Energy Costs, Global MDI Prices Continue to Rise
-
Catl “wins big”: Beyond Batteries, What Else Can It Sell?
-
Tao Lin: Tesla’s Supercharger Stations in China Surpass 2,500
