Mexico’s Mega Oil Hedge Cost “Around” $1 Billion
The largest oil hedge in the world cost Mexico “ around $1 billion ” for 2020, Mexico’s Finance Minister Arturo Herrera said on Thursday, according to Reuters. Herrera had said Continue Reading
Extreme weather leaves Congo capital residents underwater
Paulin Bolumbu thought his family lived a safe distance from the Congo River, but in November the water overran its banks by more than half a kilometer, inundating his corrugated Continue Reading
Australia calls for another mass evacuation as monster bushfires return
Australian authorities urged another mass evacuation across the heavily populated southeast on Thursday as a return of hot weather fanned huge bushfires threatening several towns and communities. Cows stand in Continue Reading
Australian insurer Suncorp’s claims hit $237 million as bushfires rage on
Australian insurer Suncorp Group ( SUN.AX ) said on Thursday it has received since September 2,600 bushfire-related claims worth up to A$345 million ($237.05 million), of which nearly a third Continue Reading
Bringing Transparency To China’s Opaque Oil Market
China’s stellar rise from backwater to economic and technological powerhouse has dramatically transformed the world’s energy markets. Especially the oil sector has been affected due to the Middle Kingdom’s impressive Continue Reading
Australia Becomes Top LNG Exporter Despite Bushfire Crisis
Australia’s bushfire crisis has arrived to such a tragic and critical apex that the smoke from the climate change-fuelled fires has travelled nearly 10,000 miles to South America and may Continue Reading
Asian Oil Buyers Unfazed By Iran Crisis
Oil prices rose and fell in the aftermath of the latest escalation between the United States and Iran, but one kind of oil remained more resilient than the rest: heavy Continue Reading
China To Open Oil, Gas Industry to Foreign Companies
China will open its arms for foreign oil and gas companies, and for local private E&Ps, the country’s Ministry for Natural Resources told media as quoted by the China Global Continue Reading
Australia urges quarter of a million to flee as winds fan huge bushfires
Australia urged nearly a quarter of a million people to evacuate their homes on Friday and prepared military backup as authorities said the next few hours could be “very, very Continue Reading
Chinese Inflation at Eight-Year High Poses a Policy Dilemma
Devastation in China’s pork industry pushed consumer-price inflation to an eight-year high in 2019, complicating decisions for policy makers looking to boost a cooling economy. Consumer prices were up 2.9% from Continue Reading