According to Yonhap News Agency, on the evening of the 19th local time, a massive explosion occurred at the S-Oil (Shuanglong) refinery in Ulsan, southeastern South Korea, killing one person and injuring nine others.

Consumers are hurting as ‘global energy shock’ gets underway

Crude oil has hit highs recently! The soaring rise in naphtha has led to a surge in chemical materials, and the purchase price of enterprises has continued to rise. The price increase letters of the three major PS plastic companies in Japan are in full swing…

American is facing paint shortage

Rising fuel costs are a massive problem for business and consumers — Here’s why they’re so high

Long Bai Group's first furnace rotor -class sponge titanium was successfully released

Last night, this morning, the international financial market was bleak. Following the Fed Chairman Powell yesterday, Powell "put the eagle" that he would raise interest rates to the highest level required to suppress inflation, Chicago Fed Chairman Evans also supported hawk operations, suggesting that at least 50 basis points in FOMC raised interest rates at least in June, reiterating hope Near neutral interest rates by the end of the year. Fed Chairman of the Philadelphia Hak also expected 50 basis points to raise interest rates in June and July, respectively.

Biden turns his attention back to Asia after months focused on Russia’s war in Ukraine

Gasoline could top $5 a gallon this summer, causing more pain for consumers

The EU foreign ministers' meeting was held in Brussels on the 16th. The meeting failed to agree on a sixth round of sanctions proposals, including an oil embargo on Russia, due to objections from Hungary.

At 10:00 a.m. on May 16, Shanghai held a press conference on the prevention and control of the new crown pneumonia epidemic. Zong Ming, deputy mayor of Shanghai, introduced that normal production and living order will be fully restored from June 1 to mid-late.

US Launches Program to Capture, Analyze Evidence of Russian War Crimes in Ukraine

Biden administration begins easing restrictions on Venezuelan oil

Recently, the mining rights of Guangxi Baise-1 limestone mine were successfully sold, and the starting price of the listing was 250 million yuan. Guangxi Zhengchang Mining Development Co., Ltd. won the bid for 1,111 million yuan, with a premium rate of 344.4%

According to a report by Flight International on May 5, Airbus believes that after Russia was sanctioned, its titanium supply has not been greatly affected, and pointed out that the company is developing secondary resources in the titanium industry. Airbus hopes to increase production of its A320 family of planes to 75 a month by 2025.