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Month: May 2020

Category:
  • Economy
  • USA

Stocks hit weekly highs as markets shrug off dismal U.S. jobs data

Equity markets rallied on Friday, hitting weekly highs, and oil prices gained as more governments around the world began gradually reopening their economies and Sino-American trade tensions eased. The optimism Continue Reading

Posted On : 9 May 2020 Published By : Tom Whipple
Category:
  • USA

Trump’s Jobs Bet Unravels on Worst Slump Since Depression

President Donald Trump says he resuscitated Barack Obama’s gasping economy and proceeded to build it to its strongest in generations. Now as record job losses mount across the country, the Continue Reading

Posted On : 9 May 2020 Published By : Tom Whipple
Category:
  • Transportation

Subways, trains and buses are sitting empty around the world. It’s not clear whether riders will return.

President Donald Trump says he resuscitated Barack Obama’s gasping economy and proceeded to build it to its strongest in generations. Now as record job losses mount across the country, the Continue Reading

Posted On : 9 May 2020 Published By : Tom Whipple
Category:
  • Sea Level Rise

Sea levels could rise more than a metre by 2100, experts say

Sea-level rise is faster than previously believed and could exceed 1 metre by the end of the century unless global emissions are reduced, according to a survey of more than Continue Reading

Posted On : 9 May 2020 Published By : Tom Whipple
Category:
  • OPEC

What Will OPEC Do Next?

If you want to know where OPEC’s production is heading, one needs only to look at their next month’s OSP, particularly to its largest market, Asia. This week, Saudi Arabia Continue Reading

Posted On : 9 May 2020 Published By : Tom Whipple
Category:
  • Saudi Arabia
  • USA

Trump, Saudi king discuss global oil market

WASHINGTON (Reuters) – U.S. President Donald Trump and Saudi Arabia’s King Salman spoke by phone on Friday and “reaffirmed the strong United States-Saudi defense partnership,” the White House said, amid Continue Reading

Posted On : 9 May 2020 Published By : Tom Whipple
Category:
  • Venezuela

Venezuela’s Oil Production Crippled By Another Power Outage

According to unnamed sources who spoke to Reuters, a power outage this week stopped operations at the Petropiar crude upgrader that PDVSA runs via a joint venture with Chevron. Separately, Continue Reading

Posted On : 9 May 2020 Published By : Tom Whipple
Category:
  • Venezuela

Anarchy in Venezuela’s jails laid bare by massacre over food

Three weeks before he was shot dead, Miguel Calderon, an inmate in the lawless Los Llanos jail on Venezuela’s central plains, sent a voice message to his father.  “We live Continue Reading

Posted On : 9 May 2020 Published By : Tom Whipple
Category:
  • China
  • USA

Trump Casts Doubt on Future of China Trade Deal After Phone Call

President Donald Trump cast doubt on the future of his “phase one” trade deal with China, one of the biggest accomplishments of his first term, saying Friday that he’s struggling Continue Reading

Posted On : 9 May 2020 Published By : Tom Whipple
Category:
  • Renewables
  • South Korea

South Korea May Speed Up Renewable Energy Shift Under Proposal – Bloomberg

South Korea could ramp up its shift toward renewable power, and away from coal and nuclear, under a proposal by a government working group tasked with helping shape its energy future. The Continue Reading

Posted On : 9 May 2020 Published By : Tom Whipple

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