China iron ore imports rise in May, but supply crunch remains
BEIJING (Reuters) – China’s iron ore imports rebounded in May from an 18-month-low in April, but were still well down on the same month last year as disruptions to output Continue Reading
China May crude oil imports drop from record in April
China’s crude oil imports slipped 8% in May from an all-time peak hit the month before, customs data showed, as the world’s top importer of the commodity curbed shipments from Continue Reading
China Imports Fall as Trade Conflict With U.S. Saps Demand
China’s imports dropped sharply last month, in a fresh sign of anemic demand in the domestic economy, adding to the pressure on Beijing as it struggles to manage trade tensions Continue Reading
PG&E Can Pull Out of Green-Power Contracts
PG&E Corp. scored a legal victory over federal regulators that could clear the way for the financially troubled utility to rip up billions of dollars in expensive green-power contracts as Continue Reading
Canadian oil pipeline congestion sets up lucrative storage play
Upheavals in the Canadian crude market are providing unique opportunities for firms with sizeable long-term leases on Alberta storage tanks, a cluster that sources say includes Mercuria Energy Group and Continue Reading
Russia Calls The Shots In A Fractured OPEC
The fact that Russia and most OPEC members are happy at different oil price levels has never been a secret. Now, President Putin has said it as bluntly as possible: Continue Reading
MIT autonomous boats can target and latch onto each other: dynamic roboat structures
The city of Amsterdam envisions a future in which fleets of autonomous boats cruise its many canals to transport goods and people, collect trash, or self-assemble into floating stages and Continue Reading
Oil rises nearly 3% as Saudi signals OPEC deal extension, stocks rally
Oil prices rose nearly 3% on Friday, climbing further from five-month lows hit this week, after Saudi Arabia said OPEC was close to agreeing to extend an output production cut Continue Reading
Crude futures rise on softer US trade rhetoric, Brent up 70 cents at $62.37/b
Crude oil futures made a recovery in morning trading in Europe Friday, following news reports that the US may postpone tariffs on Mexico and amid ongoing supply worries. At 1053 GMT, Continue Reading
World bonds wave recession flags as future inflation evaporates
After almost three years of successfully predicting a global economic revival, world bond markets are furiously flagging the risk of yet another recession, as well as low inflation for a Continue Reading