Thermal coal demand is declining globally and forcing cutbacks of imports and production, driven by lower power-sector coal demand resulting from the coronavirus pandemic, analysts said Tuesday. “After some delays Continue Reading
This weekend’s 11th hour decision to cut OPEC oil output by 23% was supposed to end the oil price war between Saudi Arabia and the rest of OPEC+, but it Continue Reading
Saudi Arabia did not intend for U.S. oil producers to suffer, Saudi Energy Minister, Prince Abdulaziz bin Salman, said in an interview with a select group of reporters, including Energy Continue Reading
Iranian naval forces seized a Hong Kong-flagged tanker and redirected the vessel into Iranian waters before releasing it, according to Western and Emirati officials, prompting a warning Tuesday to ships Continue Reading
Volumes of oil products held in storage at Fujairah climbed to their highest since the all-time high seen in February as tumbling demand from the coronavirus pandemic left more supplies Continue Reading
If India experiences the same kind of outbreak that better-prepared nations are struggling to manage, the South Asian giant soon could find itself with millions of deaths and a ravaged Continue Reading
India will be under lockdown for nearly three more weeks A day after extending a nationwide lockdown, India has relaxed restrictions on farming, banking and public works, but transport services Continue Reading
The world may be falling into its worst recession in almost a century but one tiny South American economy is still forecast to grow 53% this year. The remote, jungle-covered nation of Continue Reading
China’s ambassador to Washington has said the two countries were still working to implement their trade deal despite the recent strains in their relationship prompted by the Covid-19 outbreak. Cui Continue Reading
China was due to release intellectual property action plan 30 working days after phase one trade deal came into force on February 15 US officials said to be ‘frustrated’, but Continue Reading
