China’s dams exacerbated extreme drought in lower Mekong
The Dachaoshan dam in China’s Yunnan Province is one of the 11 dams that Beijing built along the tributaries of the Mekong river, a source of food and livelihood for Continue Reading
China Markets: Q2 Rebound Already Losing Steam
China’s nascent rebound from the historic contraction in the first quarter is already losing pace in April, amid signs of a global recession and still weak domestic demand. While March Continue Reading
Falling oil prices breathe new life into an old idea: Nationalize the industry
Oil prices entered a stunning free-fall this week as the industry ran low on places to store the petroleum it can’t sell but keeps pumping amid the coronavirus pandemic. The Continue Reading
Oklahoma asks Trump to declare coronavirus an ‘act of God’ to help oil producers
Oklahoma’s governor has called on U.S. President Donald Trump to declare the coronavirus pandemic an “act of God,” a step to help oil-producing states contend with a crude glut that Continue Reading
U.S. economy faces historic shock, with 16% joblessness possible: Trump adviser
The shuttering of the U.S. economy due to the coronavirus pandemic is a shock of historic proportions that likely will push the national unemployment rate to 16% or higher this Continue Reading
The Shale Suffering Has Only Just Begun
A few weeks before the summer driving season begins, U.S. gasoline consumption has plummeted to levels last seen in the late 1960s, due to the lockdowns to contain the spreading Continue Reading
What Will Economy Be Like After Coronavirus?: Growth Prospects
China’s nascent rebound from the historic contraction in the first quarter is already losing pace in April, amid signs of a global recession and still weak domestic demand. While March Continue Reading
Goldman Sees Global Oil Testing Storage Capacity in 3-4 Weeks
The global oil market is on track to test storage capacity limits in as little as three weeks, requiring the shut-in of nearly 20% of global production, according to Goldman Sachs Continue Reading
FIRST SHALE OIL DOMINO TO FALL: More to Follow
In a stunning news release, Continental Resources, the largest shale producer in the Bakken, is shutting in most of its production in the region. That is one hell of a Continue Reading
Russia at risk of spike in coronavirus cases during May holidays: official
Russia could experience a spike in cases of the new coronavirus if people flout lockdown measures during public holidays scheduled for early May, a top health official said on Sunday. Continue Reading