Sydney:12/24 22:26:56

Tokyo:12/24 22:26:56

Hong Kong:12/24 22:26:56

Singapore:12/24 22:26:56

Dubai:12/24 22:26:56

London:12/24 22:26:56

New York:12/24 22:26:56

2025-12-17 Wednesday

2025-12-20

10:26:44

[Canada Announces New Regulations: Oil and Gas Industry Must Cut Methane Emissions by 75% by 2035] 1. The Canadian government officially announced a long-term commitment on Tuesday to significantly reduce methane emissions from its oil and gas industry. As the world's fourth-largest oil producer, Canada plans to reduce total methane emissions from the sector by 75% by 2035 compared to 2014 levels. 2. The new regulations fulfill current Prime Minister Mark Carney's commitment to strengthening emissions controls, but with a more relaxed timeframe compared to his predecessor Justin Trudeau's draft target of a 75% reduction by 2030, which was criticized by the industry for being difficult to achieve. The new law will take effect in 2028, and its core measures include a complete ban on routine emissions with a few exceptions and mandatory equipment leak detection and repair programs. 3. Under the new regulations, operators can design their own emissions reduction plans as long as they meet the legally mandated methane emission intensity thresholds. The Canadian government projects that the new regulations will reduce emissions by 304 million tons of CO2 equivalent between 2025 and 2035, while only slightly decreasing total oil and gas production by 0.2%. Methane, a major component of natural gas, has a much greater short-term greenhouse effect than CO2. In Canada, oil and gas facilities contribute approximately half of methane emissions. Although the Carney government has faced criticism for prioritizing economic development over climate issues and for reversing some emissions policies to stimulate energy investment, Canada has made progress in methane control through previous regulations and is on track to achieve its early target of reducing methane emissions by 40% to 45% by 2025 compared to 2012 levels. However, with increasing production, total greenhouse gas emissions from the sector are still rising, and Canada is not expected to meet its overall emissions reduction target by 2030.

10:24:01

[Australian Government Significantly Raises Inflation Forecast for the Fiscal Year Ending June 2026] 1. In its latest mid-year economic and fiscal outlook report, the Australian government significantly raised its inflation forecast for the fiscal year ending June 2026, from 3% in the March budget to 3.75%, reflecting continued upward pressure on prices recently. 2. The report also increased annual spending by A$9.1 billion. While strong economic growth pushed nominal GDP forecasts up to 5.25% and generated approximately A$15 billion in additional tax revenue, the increased spending partially offset this gain, resulting in a budget deficit only slightly lower than the previously projected A$36.8 billion. 3. The Treasury noted that rising inflation is similar to trends in many developed economies, driven in part by temporary factors, but inflation in the services sector and rising new home prices are likely to be more persistent. This situation increases pressure on monetary policy, with market expectations shifting towards tightening – both National Australia Bank and Commonwealth Bank predict interest rate hikes in February next year, and Westpac has abandoned its expectations of rate cuts. Meanwhile, the Treasury projects economic growth to rebound to 2.25% this fiscal year, slightly above the central bank's trend growth rate, which could further exacerbate inflationary pressures; the unemployment rate is expected to rise slightly to 4.5%. The medium- to long-term fiscal outlook shows a cumulative deficit of A$106.6 billion over the three-year fiscal year ending in 2028/29, largely unchanged from the March forecast.

09:36:52

[Trump's Blockade of Venezuelan Oil Tankers Sparks Supply Concerns, International Oil Prices Rebound Over 1%] 1. On Wednesday in Asian trading, international oil prices rebounded from recent lows. US crude oil rose as much as 1.58% to $56.00 per barrel, while Brent crude is currently trading at $59.42 per barrel, up about 1%. This rise was mainly driven by geopolitical tensions. 2. US President Trump ordered a "complete and thorough" blockade of all sanctioned oil tankers entering and leaving Venezuela on Tuesday, and designated the Venezuelan regime as a "foreign terrorist organization." This move directly targets Venezuela's key oil revenue source and is expected to significantly escalate tensions between the US and Venezuela. 3. Trump stated on his social media platform that the decision was based on the Venezuelan regime's "theft of assets" and involvement in "terrorism, drug trafficking, and human trafficking." 4. Currently, the Trump administration has not yet clearly disclosed the specific methods for implementing this blockade order. In recent months, the US has deployed thousands of military personnel and nearly ten warships to the region, including an aircraft carrier. The previous week, the US had seized a sanctioned oil tanker in waters near Venezuela to increase pressure on the Maduro government. 5. US crude oil prices fell to near a five-year low overnight, mainly influenced by factors such as progress in Russia-Ukraine peace talks. Supply concerns triggered by the lockdown temporarily reversed the downward trend in oil prices. 6. A significant drop in API crude oil inventories also provided some upward momentum for oil prices. The latest data shows that API crude oil inventories decreased by 9.32 million barrels last week, the largest weekly decline since June.

09:04:13

Singapore's seasonally adjusted non-oil exports NODX monthly rate for November

Previous : 9.30% Forecast : -

Published Value 6.60%

Previous

08:54:05

Singapore's seasonally adjusted non-oil exports NODX monthly rate for November

Previous : 9.30% Forecast : -

Published Value 6.60%

Previous

08:30:01

Singapore's NODX year-on-year rate of non-oil exports in November

Previous : 22.20% Forecast : 7%

Published Value 11.60%

Previous

08:26:52

ANZ consumers in Australia as of the week ending December 14 evaluated their current finances compared to a year ago

Previous : 78.60 Forecast : -

Published Value 75.50

Previous

08:26:52

Australia's ANZ consumer confidence index for the week ending December 14

Previous : 83.50 Forecast : -

Published Value 81.50

Previous

08:26:51

ANZ consumers' expectations for the financial situation in Australia over the next year as of the week ending December 14

Previous : 89.20 Forecast : -

Published Value 89.60

Previous

08:26:50

ANZ consumers' economic expectations for the next five years in Australia as of the week ending December 14

Previous : 81.80 Forecast : -

Published Value 80.10

Previous

08:26:50

ANZ consumers' economic expectations for the coming year in Australia as of the week ending December 14

Previous : 85.10 Forecast : -

Published Value 84.40

Previous

08:26:49

ANZ consumers' inflation expectations for the next two years in Australia as of the week ending December 14

Previous : 5.60 Forecast : -

Published Value 5.60

Previous

08:25:22

The month-on-month rate of JSA online job vacancies in Australia in November

Previous : 0.20% Forecast : -

Published Value -1.30%

Previous

08:25:22

The number of JSA online job vacancies in Australia in November

Previous : 20.80 Forecast : -

Published Value 20.45

Previous

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