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Express News | The chairman of the US Energy Commission, Bergam, has called for each power plant in the US to increase its electricity generation by 10-15% to meet the demand for AI.
Crude Oil in the USA rose 0.4% on Thursday, marking the third consecutive day of increases.
In Peking time on the 21st at dawn, US Crude Oil closed higher on Thursday. Data shows a decline in US RBOB Gasoline and distillate oil production, and there are concerns about interruptions in Russian oil supply, all of which supported the rise in oil prices. The price of West Texas Intermediate (WTI) crude oil for March delivery on the New York Commodity Exchange rose 32 cents, an increase of 0.44%, closing at $72.57 per barrel. The price of Brent crude oil for April delivery on the Intercontinental Exchange in Europe rose 44 cents, an increase of 0.58%, closing at $76.48 per barrel. The US Energy Information Administration (Energy Information
Express News | The US Energy Information Administration (EIA): In the recent week, the four-week average supply of distillate fuel oil in the US reached its highest level since March 2022.
Express News | US Energy Information Administration (EIA): Last week, US EIA Crude Oil Product inventories increased by 4.63 million barrels, Bloomberg users expected an increase of 2.16 million barrels, Analysts anticipated an increase of 3.46157 million barrels, and t
USA Treasury Secretary Bessenet: There is still a long way to go to increase the proportion of long-term Bonds issuance.
USA Treasury Secretary Scott Bessenet stated that given the current obstacles of rising inflation and the Federal Reserve's Algo tightening plans, it will take time to increase the proportion of long-term Treasury Bonds in government bond issuance. "There is still a long way to go, and we will see what the market wants," Bessenet said in an interview on Thursday when asked about increasing the proportion of long-term US Treasury issuance, "it will be path-dependent." Before taking office, Bessenet criticized former Treasury Secretary Janet Yellen's approach of increasing the proportion of Treasury bills with a maturity of no more than one year in US Treasury, as he believed this practice suppressed long-term yields, aimed at achieving goals before the election.
Express News | US Energy Secretary Chris Wright will give a speech from March 10 to 14.