Oil Crash Could Trigger A Recession In The Middle East
The oil price war that Saudi Arabia and Russia started will hurt the fiscal revenues of the oil producers in the Persian Gulf, including the Saudis, OPEC’s top producer and Continue Reading
US Goes After Iran’s Floating Oil Storage
Washington has plans to issue warnings to oil shippers , insurers, and port authorities that storing Iranian crude oil will bring the wrath of US sanctions, a US State Department Continue Reading
Iraq closes borders with Iran on virus, subdues steel trade
Iraq has closed five land borders with Iran, Iran’s Irna news agency reported. However, the Islamic Republic of Iran Customs Administration (IRICA) announced Sunday that this is a temporary closure Continue Reading
Libya’s oil woes set to worsen as fuel shortages loom
Libya’s oil output graph over the past few years mirrors the oscilloscope readings of a patient on life support. And, things could get worse. State-owned National Oil Corporation, or NOC, Continue Reading
China’s Oil Major Is Producing A New Product… Face Masks
One of China’s top oil and petrochemical companies, Sinopec, has launched two production lines for N95 respirators and surgical masks in response to a shortage created by the coronavirus epidemic, Continue Reading
Everyone is Falling Out of Love With Coal Except China
Coal has few friends around the world, but China isn’t giving up on the world’s most polluting power-plant fuel just yet. European nations from the U.K. to the Netherlands and Germany Continue Reading
Beijing to extend winter heating season to help fight coronavirus
Beijing will extend its winter heating season by a week until March 22 as part of efforts to contain the coronavirus epidemic, an official from the municipal government said on Continue Reading
China’s President Xi visits Wuhan as number of new coronavirus cases tumbles
Chinese President Xi Jinping visited Wuhan, the epicenter of the coronavirus outbreak, on Tuesday, the first time he has done so since the epidemic began and a sign that Beijing Continue Reading
Coronavirus Sends Food Prices Soaring in China, as Producer Prices Slump
Falling prices for industrial wholesale goods combined with consumer food inflation at a decade high present Chinese policy makers with a worsening dilemma as the coronavirus continues to freeze economic Continue Reading
Analysis: Cheaper oil-linked LNG unlikely to accelerate China’s gas demand recovery
Cheaper LNG contracts, after this week’s oil meltdown, are unlikely to accelerate China’s LNG demand recovery, as the world’s second largest importer continues to struggle with the coronavirus disruption and Continue Reading