
In response to the situation in the Middle East and the rise in international oil prices, China National Petroleum Corporation announced that there will be no adjustment to gasoline and diesel prices next week.
AI-generated summary
The continued turmoil in the Middle East and the shutdown of crude oil production facilities in the U.S. Gulf of Mexico due to hurricanes have led to a rise in international oil prices.
China National Petroleum Corporation announced today (10th) that gasoline and diesel prices will remain unchanged from next Monday (12th). The original price per liter should exceed 10 yuan. According to China Petroleum Statistics, the total increase in gasoline and diesel prices so far in the war is about 26.79 billion yuan.
The prices for next week have not been adjusted, and are respectively 31.2 yuan per liter of 92 unleaded gasoline, 32.7 yuan per liter of 95 unleaded gasoline, 34.7 yuan per liter of 98 unleaded gasoline, and 29.9 yuan per liter of super diesel.
China National Petroleum Corporation stated that the situation in the Middle East continues to be turbulent, crude oil production facilities in the U.S. Gulf of Mexico have expanded production shutdowns due to the approaching hurricane, and international oil prices have risen.
However, in order to take care of domestic people's livelihood and stabilize prices, the government expanded the reduction of goods tax, and in order to maintain the lowest price in Asia and continue to implement the stabilization mechanism of the US-Iraq war project, a total of 10.6 yuan and 10.8 yuan were absorbed for gasoline and diesel, and domestic gasoline and diesel prices remained unchanged.
CNPC stated that from February 28 to October 11, various measures to stabilize the project were implemented, and the total absorption of gasoline and diesel increased by approximately 26.79 billion yuan.

Australia will keep its ban on Russian fuel imports to prevent revenue for Moscow's war effort, citing sufficient domestic petrol and diesel reserves. Energy Minister Chris Bowen stated the country does not need or want Russian fuel, rejecting any benefit to Vladimir Putin from the war. Australia has 43 days of petrol and 31 days of diesel stockpiles.
Tibet Huadian Qiongjie Wind Power Base Phase II project completed the hoisting of all wind turbines on October 8, with a total installed capacity of 150MW. It is located in a high mountain area between 4,800 meters and 5,350 meters above sea level. It will enter the electrical installation and commissioning stage. It is estimated that the annual power generation will be 394 million kilowatt hours, which can meet the annual electricity consumption of approximately 175,000 households and reduce carbon dioxide emissions by approximately 330,000 tons annually.

Hurricane Isaias moved to the northern Gulf of Mexico in the United States, and oil companies shut down more than 70% of crude oil production. Brent crude oil closed up 0.42% at $104.72/barrel on Friday, and WTI crude oil rose 0.39% to $91.85/barrel. Trump said that negotiations with Iran were fruitful and was considering suspending federal gasoline taxes. China planned to resume refined oil exports after the National Day Golden Week. The threat to shipping in the Strait of Hormuz increased, adding to market volatility.
During the National Day holiday, State Grid Zhejiang Electric Power organized a market-oriented virtual power plant to fill the valley, with the maximum response load reaching 3.5952 million kilowatts, setting a new domestic record. Among them, the maximum response of user-side energy storage was 1.0641 million kilowatts, which also set a new domestic high, effectively promoting the on-site consumption of excess photovoltaic green power at noon.

Taipower's independent director Liao Huizhu pointed out that Taipower's cumulative losses may exceed 400 billion yuan, and advocated that a 71.1 billion yuan subsidy is more in line with the overall interests of the country. If the Legislative Yuan is unwilling to provide subsidies, the chance of an increase in electricity prices in December will greatly increase. She emphasized that Taipower has evaluated the possibility of restarting nuclear power, and called on Blue and White legislators not to insist on their own opinions in order to maintain the competitiveness of Taiwan's AI supply chain.

International oil prices closed up 4% on Thursday, with Brent crude oil rising 4.1% to US$104.28/barrel, and WTI rising 3.6% to US$91.49/barrel. The gains were driven by continued concerns about war in the Middle East and intensifying supply disruptions as Hurricane Isaias approaches the Gulf of Mexico. The United States has imposed new sanctions on Iran, and 62.9% of the Gulf of Mexico oil production capacity has been shut down. Oil prices fell from session highs after Trump promised not to attack Iran before the election.