Crude and bitumen blend imports in August for China’s independent refineries fell 9.9% to 17.85 million mt, or 4.22 million b/d, from a record high in July, and the downtrend Continue Reading
China’s record haul of crude is poised to end as state-issued allowances for imports dwindle. (Bloomberg) — China’s record haul of crude is poised to end as state-issued allowances for Continue Reading
U.S. private employers hired fewer workers than expected for a second straight month in August, suggesting that the labor market recovery was slowing as the COVID-19 pandemic persists and government Continue Reading
CHICAGO (Reuters) – United Airlines ( UAL.O ) said on Wednesday it is preparing to furlough 16,370 workers when federal aid expires on Oct. 1 as the coronavirus pandemic continues Continue Reading
U.S. companies added jobs at a modest pace last month, a private survey found, a sign that while hiring continues, it is only soaking up a relatively small proportion of Continue Reading
The federal budget deficit is projected to hit a record $3.3 trillion as huge government expenditures to fight the coronavirus and to prop up the economy have added more than Continue Reading
The Trump administration is seeking to fast track environmental reviews of dozens of major energy and infrastructure projects during the COVID-19 pandemic, including oil and gas drilling, hazardous fuel pipelines, Continue Reading
Economists have long used letters of the alphabet like V and U to describe economic recoveries. But the coronavirus downturn is so different from past recessions that economists are coming Continue Reading
Back in 2017, Bill Gates penned a poignant online essay to all graduating college students around the world whereby he tapped artificial intelligence (AI), clean energy, and biosciences as the Continue Reading
Jet fuel demand in the United States is recovering faster than in many other regional markets such as Europe and Asia minus China, the U.S. Energy Information Administration (EIA) said Continue Reading
