Recently, the "Notice on Comprehensively Accelerating the Construction of the Power Spot Market" issued by the General Office of the National Development and Reform Commission and the Comprehensive Department of the National Energy Administration clarified the timetable and roadmap for the construction of the power spot market, marking the entry into the fast lane of the construction of my country's power spot market. The industry believes that this policy is an important measure to implement the strategic deployment of the 20th National Congress of the Communist Party of China on building a unified national market, which means that my country's power marketization reform is moving towards a deeper and broader stage of comprehensive acceleration.

On Wednesday, May 14, the U.S. Energy Information Administration (EIA) said that as the United States imported more oil, U.S. crude oil inventories rose last week, while gasoline and distillate inventories fell. In the week ended May 9, U.S. crude oil inventories increased by 3.5 million barrels to 441.8 million barrels, after previously expected a decrease of 1.1 million barrels. U.S. gasoline inventories fell by 1 million barrels to 224.71 million barrels that week, compared with the market's previous expectation of a decrease of 560,000 barrels.