U.S. Crude Oil Soars 11% as Trump Vows More Strikes Against Iran
、According to foreign media reports, U.S. crude oil futures experienced sharp volatility on Thursday, closing up more than 11%, while Brent crude prices surged nearly 8%. This followed U.S. President Trump’s statement on Wednesday that the United States would continue launching attacks against Iran, triggering traders’ concerns over potential prolonged disruptions to oil supplies. Trump indicated that the U.S. would intensify its military strikes against Iran but did not specify a timeline for ending the conflict nor disclose any measures that could lead to the reopening of the Strait of Hormuz. What traders are truly concerned about is that, if Iranian oil infrastructure is now at risk and further damage to the region is likely, the timeline for resuming oil transportation in the area could be further delayed—even if the infrastructure remains intact.
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2026-07-30 17:16:15
Lianyungang petrochemical ps prices increase
July 30 report: Lianyungang Petrochemical (Satellite) has raised the ex-factory price of PS by 100 yuan. The quotes are as follows: 525 at 9500 yuan/ton, 535T at 9500 yuan/ton, 535M at 9500 yuan/ton, modified benzene 88 at 9950 yuan/ton, and 888 at 10150 yuan/ton. The production capacity is 400,000 tons. Prices are for self-pickup and are negotiable per order. -
2026-07-30 16:11:34
Qualcomm and BMW Reach Long-Term Cooperation Agreement
On July 29, Qualcomm Technologies and BMW Group jointly announced that they had entered into a long-term cooperation agreement. Under the agreement, Qualcomm will provide computing chips for BMW Group’s next-generation digital cockpit and advanced driver assistance systems/autonomous driving systems over the next decade. -
2026-07-30 16:03:25
Gotion High-Tech Reportedly Plans to Take a Stake in Volkswagen's Battery Plant in Spain
Spanish automotive industry media outlet *La Tribuna de Automoción* recently reported that Volkswagen and its partner Gotion High-Tech are engaged in in-depth discussions over the possibility of the Chinese battery maker taking a stake in Volkswagen’s battery plant in Valencia, Spain. Citing industry sources, the report said that Gotion High-Tech Chairman Li Zhen has led senior company executives on a visit to inspect the plant’s operations and related matters. -
2026-07-30 16:01:40
BMW Plans to Cut Thousands of Jobs in Germany by the End of 2027
Luxury carOn July 29, a spokesperson for automaker BMW said the company had reached a voluntary redundancy agreement with employee representatives and plans to cut thousands of jobs in Germany by the end of 2027. According to people familiar with the matter, BMW’s current plan is to reduce its workforce by about 8,000 employees in total, with most of the cuts coming from Germany. The layoffs would amount to about 5% of the company’s total workforce and would mainly target employees in R&D, planning, and other functional departments, while frontline factory workers would not be affected. The plan has not yet been formally announced. -
2026-07-29 14:03:36
Lianyungang petrochemical ps price increase
July 29 Report: Lianyungang Petrochemical (Satellite) raised its ex-factory PS prices by RMB 50–100/ton. Grade 525 is quoted at RMB 9,400/ton, 535T at RMB 9,400/ton, 535M at RMB 9,400/ton, modified benzene 88 at RMB 9,850/ton, and 888 at RMB 10,050/ton. The plant capacity is 400,000 tons. Prices are ex-works, subject to negotiation on a per-order basis.
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