China’s manufacturing activity improved in June after anti-virus controls were eased to revive the economy but export demand was weak, a survey released Tuesday showed. A monthly purchasing managers’ index Continue Reading
China’s economic recovery picked up steam in June as exports and services benefited from government support policies and the reopening of some overseas markets, official data showed. The world’s second-largest economy Continue Reading
As the world’s largest net importer of crude oil and other liquids since September 2013, any significant variation in Chinese demand for oil resonates quickly and profoundly in global oil Continue Reading
Japan’s crude imports dropped 25% year on year to 2.28 million b/d in May, the lowest for the month in 53 years as refiners had slashed their crude throughput in Continue Reading
Air pollution kills an estimated 7 million people every year. Tiny soot and dust particles found in city air and biomass-fueled kitchens are the main culprits. Scientists call it PM2.5, meaning particulate matter Continue Reading
The United States held a record-high level of commercial crude oil inventories as of the week to June 19 following the collapse in demand in the lockdown and the slow Continue Reading
US LNG feedgas demand is rebounding from a 14-month low in late June. While additional cargo cancellations already announced for July and August are likely to keep the pressure on Continue Reading
The shale bust has reached a grim milestone by claiming the pioneer of America’s drilling renaissance. But Chesapeake Energy Corp., which filed for bankruptcy protection on Sunday, is just the latest Continue Reading
The Trump administration has taken dozens of actions during the Covid-19 pandemic to benefit the oil and gas industry, such as opening new lands for leasing, watering down environmental protections, Continue Reading
House Democrats on Tuesday will issue an ambitious plan to combat climate change, a move intended to reassure their base of supporters but that’s sure to inflame opponents on the Continue Reading
