Intensifying the layout of the energy storage Business, Weidong Electric plans to acquire 51% equity of Zhongmin Guangfu.

① Wu Bo stated that the company plans to add an annual production capacity of 5GWh for energy storage systems, with products primarily used in wind and solar power generation within electrical utility systems. The company's existing partnerships within the electrical utilities sector, including with Goldwind Science& Technology, are advantageous for market expansion; ② As of Q1, the 232kWh commercial and industrial energy storage system, large-capacity grid source measurement and energy storage system, and EMS grid connection energy management system developed by the company have achieved multiple project deliveries.

cls.cnDec 13 08:57

IEA Monthly Report: Even if OPEC+ delays production increases, there will still be an oversupply of oil next year!

The IEA stated that if OPEC+ implements the production recovery plan starting in April, the Global market will face a surplus of 1.4 million barrels per day. The IEA has raised the forecast for global oil demand growth in 2025 by 90,000 barrels to 1.1 million barrels, mainly due to the economic stimulus measures recently announced by China.

wallstreetcnDec 12 20:35

Annual review | The top ten explosive stocks in Hong Kong for 2024 have been announced! POP MART and China Merchants performed strongly, with Meituan rising over 103% to lead the charge among the trillion-dollar giants.

After three consecutive years of decline, 2024 has brought a turnaround for Hong Kong stocks.

Futu NewsDec 12 18:57

Afternoon Crude Oil Product analysis: USA crude oil inventories have plummeted, can oil prices continue to rise?

The US Energy Information Administration (EIA) reported that for the week ending December 6, US Crude Oil Product inventories decreased by X thousand barrels...

Golden10 DataDec 12 13:07

OPEC has cut its oil demand forecast for the fifth consecutive month, with the largest reduction to date.

OPEC has lowered its forecast for Consumer growth in 2024 by 0.21 million barrels per day to 1.6 million barrels per day. Since July, OPEC has reduced its forecast by 27%. Analysts believe that OPEC's forecast still exceeds the general market expectations and there is a gap with this year's actual Consumer data.

wallstreetcnDec 11 21:52

Midday crude oil analysis: How is the price trend of Brent crude oil under the condition of oversupply?

Despite the ongoing geopolitical tensions, analysts have further lowered their price forecasts for 2025 due to the expectation of a supply surplus next year.

Golden10 DataDec 10 13:12