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Asian Micro's Unit Obtains Completion Certificate From Malaysian Authorities
Asian Micro Holdings Unit Receives Request to Terminate CNG Purchase Agreement
JPMorgan warned: If the Strait of Hormuz does not fully resume operations until July, oil prices could soar to $120.
①JPMorgan recently stated that if shipping through the Strait of Hormuz does not fully resume until July, international oil prices may retest the peak level of nearly $120 per barrel seen during this round of U.S.-Iran tensions. ②The bank noted that current market pricing reflects expectations for a swift recovery in shipping through the Strait of Hormuz: traffic is expected to return to half of normal levels by May and fully recover by June.
The Trump administration has reportedly abandoned its efforts to manipulate the oil market and is also reluctant to tap into the Strategic Petroleum Reserve.
It is reported that the Trump administration has ruled out the option of having the Treasury Department trade oil futures, considering the market volume too large and the intervention effect limited, while remaining cautious about the option of releasing oil reserves. What measures does the White House have left to curb oil prices?
Asian Micro Trims Attributable Loss in Fiscal H1
Asian Micro: Financial Statements and Related Announcement-Half Yearly Results