Given that China’s oil demand has now recovered from the COVID-19 outbreak to even higher levels than before , Iran is operating at full tilt to optimise the oil available Continue Reading
Saudi Arabia and several other members of OPEC are discussing the possibility of extending the current level of OPEC+ production cuts to the end of the year to support the Continue Reading
A frigate of the French Navy has prevented a tanker from loading refined oil products at a Libyan port as part of a sale to an UAE-registered company, Bloomberg reported Continue Reading
Libya’s crude oil exports have shrunk by 92 percent and the National Oil Corporation has lost some $5 billion since the start of the oil blockade early this year, the Continue Reading
Venezuela has grown increasingly dependent on one little-known trading firm in Mexico to help sell its crude abroad as the country faces U.S. sanctions starving it of oil profits in Continue Reading
As coronavirus deaths top 100,000 in the U.S., Brazil reaches its own grim milestone; Amazon plans to convert 125,000 temporary jobs to full-time; House lawmakers cast proxy vote for the Continue Reading
It is one of the many mysteries of the coronavirus pandemic: Why has the death toll from covid-19 apparently been lower in Asia than in Western Europe and North America? Continue Reading
Through three years of economic conflict, the United States and China have erected tariffs that squeezed trade. They have clashed over the telecommunications firm Huawei and the flow of strategic semiconductor Continue Reading
The submersion of East Asian markets into coronavirus-induced recession has pulled down several major oil producers, most notably Nigeria whose breakeven price is well above $100 per barrel (Fitch puts Continue Reading
Volkswagen AG is investing €1 billion ($1.11 billion) in a Chinese auto maker and a further €1.1 billion in a local battery producer, the company said Friday, in the latest Continue Reading
