Saudis Set to Sell 600,000 Barrels a Day of Oil to U.S. in April
Saudi Arabia is set to sell about 600,000 barrels a day of crude to the U.S. in April, the highest volume in a year, according to a Saudi industry official Continue Reading
Saudi Arabia’s Oil Stock Gambit
It’s the basic successful investment rule: buy when everyone is selling and sell when everyone is buying. The rule has been proved right by many a legendary figure in the Continue Reading
Saudi Arabia, Russia Hint at Further Action to Stem Oil Rout
Saudi Arabia and Russia signaled they may be open to further output cuts after the latest OPEC+ deal to curb global oil supplies failed to stem crude’s downward spiral. The two Continue Reading
Mexico’s Offshore Oil Investment Set To Plunge Despite Government Pledges
Investment in Mexico’s offshore oil sector is set to plunge by 21 percent between 2020 and 2025 compared to previous expectations, as the price crash and the financial issues of Continue Reading
Mexico’s Pemex Makes Unusual Move With Call For Joint Venture Opportunities
Mexico’s Pemex is looking for joint venture opportunities, the country’s energy regulator said. That’s despite the president’s decision to suspend all new bidding rounds and review all contracts with foreign Continue Reading
Mexico’s Pemex Has Too Much Fuel and Nowhere to Store It
Mexico’s Pemex has too much gasoline and nowhere to store it, potentially racking up significant ship fees as demand wanes because of the fast-spreading coronavirus. A lack of storage capacity in Continue Reading
China’s economy in worst downturn since ’60s in virus battle
China faces a drawn-out struggle to revive an economy that suffered its biggest contraction since possibly the mid-1960s after millions of people were told to stay home to fight the Continue Reading
Coronavirus Ravages China’s Economy—and It’s Just Getting Started
Since the Cultural Revolution ended in the mid-1970s, China’s economy, fueled by market reforms, has notched up more than four decades of unbroken gains, enlarging the domestic economy by roughly Continue Reading
South Korea’s New Coronavirus Twist: Recovered Patients Test Positive Again
More than 160 South Koreans have tested positive a second time for the coronavirus, a development that suggests the disease may have a longer shelf life than expected. Many had Continue Reading
Chinese Bargain Hunters Are Stocking Up On Ultra Cheap Crude Oil
Emerging from the coronavirus lockdown, China’s oil refiners are buying ultra-cheap spot cargoes from Alaska, Canada, and Brazil, taking advantage of the deep discounts at which many crude grades are Continue Reading