Oil Refiners Are Being Forced To Adapt Or Die
The International Energy Agency this week revised down its gasoline and jet fuel demand forecast for the rest of the year. In seemingly unrelated news, Philips 66 said that it Continue Reading
Jet fuel recovery stymied on fears of a second coronavirus wave
Jet fuel prices are convalescing despite an increase in scheduled flight capacity amid fears of a second wave of the coronavirus in some European countries. European jet stocks, both inland Continue Reading
The First Arctic Summer Without Ice Is Coming in Just 15 Years
There’s a standard image of the Earth as seen from space that we carry in our heads: vast blue seas, green bands of forests, and frozen white caps on the Continue Reading
Saudi Arabia’s Inflation Surges in July After VAT Increase
Saudi Arabia’s inflation quickened at the fastest pace since at least 2012 after the kingdom tripled its value-added tax. Consumer prices rose an annual 6.1% in July from 0.5% in June, Continue Reading
Lebanon needs two-week lockdown after ‘shocking’ COVID-19 rise, minister says
Lebanon must shut down for two weeks after a surge in coronavirus infections, the caretaker health minister said on Monday, as the country reels from the massive Beirut port blast. Continue Reading
Bahrain Seen Needing More Gulf Aid as It’s Downgraded by Fitch
Bahrain received its first downgrade in over two years from Fitch Ratings, which said it will likely “require further Gulf backing” in the medium term as the government’s finances remain Continue Reading
What’s that smell? Scientists discover what makes locusts swarm.
The photos are truly the stuff of nightmares: Swarms of desert locusts blocking out the sun, blanketing fields, and devouring crops in East Africa, the Middle East, and South Asia. Continue Reading
Turkey draws another EU rebuke for latest plans at sea
Turkey drew another rebuke from the European Union on Sunday when it said its Yavuz energy drill ship would extend operations in disputed Mediterranean waters off Cyprus until mid-September. Yavuz Continue Reading
Back to the paddy fields. COVID smashes Indian middle-class dreams
Until late March, Ashish Kumar was helping to make plastic boxes for Ferrero Rocher praline chocolates and the plastic spoons tucked inside Kinder Joy eggs to scoop out the milky Continue Reading
Venezuela Oil Production Close to Zero
Venezuela could soon be producing close to zero barrels of oil, a new analysis by IHS Markit has revealed. Venezuela could soon be producing close to zero barrels of oil, Continue Reading