Across China, factories that produce everything from smartphones to sneakers have been dormant since the Lunar New Year holiday in late January as the nation battled to contain the spread Continue Reading
China criticized U.S. officials for “immoral and irresponsible” comments that blamed Beijing’s response to the coronavirus for worsening the global impact of the pandemic. On Wednesday, U.S. national security advisor Continue Reading
China’s coronavirus epidemic has passed its peak, its top health commission said on Thursday, as it logged just eight new infections in Hubei province, the first time the epicenter of Continue Reading
China said on Thursday that the impact of the coronavirus pandemic on global supply chains will pressure Chinese exporters and importers as they look to pick up the pace of Continue Reading
Auto sales in China collapsed in February, as the coronavirus epidemic shut factories and dealerships, and forced consumers to stay home. Sales fell 79.1% last month from the same period Continue Reading
US oil output will average 12.7 million barrels a day in 2021, down from an expected 13 million barrels this year. (Bloomberg) — The world’s biggest oil producer will see Continue Reading
Oil industry representatives have pitched for discussion to the U.S. Administration the idea that Washington buy cheap crude oil to replenish the Strategic Petroleum Reserve, which would also remove millions Continue Reading
Several democratic presidential candidates have proposed fracking bans, but oil companies have room to breathe easily knowing that killing off fracking in the US is a bit too big of Continue Reading
The White House is considering a rescue package for the U.S. shale industry, although the idea is getting pushback from so many sides that it faces challenging odds of passing Continue Reading
In a statement from the Interior Ministry carried by the official press agency, travel for its citizens and expatriate residents was suspended to the European Union, Switzerland, India, Pakistan, Sri Continue Reading
