Oil Futures Show Modest Moves
Oil was little changed, giving up earlier gains as traders assessed an increase in gasoline stockpiles and technical signals suggesting the commodity’s rally was due for a pullback. Futures in Continue Reading
Maersk boss warns over global supply chain and freight rates
Global supply chains will remain unreliable and container shipping prices and profits high for the rest of the year, according to the chief executive of AP Moller-Maersk. This is because of Continue Reading
Emissions Cuts Could Drop the Impact of Melting Ice on Oceans by Half
Scientists on Wednesday reported another reason the world should sharply rein in global warming: doing so would likely cut in half the current projected amount of sea level rise from Continue Reading
Saudi Aramco Needs More Than Just Strong Earnings
Saudi Arabia’s national oil company Aramco has again outperformed forecasts. The world’s largest oil company, and 2nd largest listed company, reported a free cash flow of $18.3 billion in Q1 Continue Reading
Two oil wells hit by blast at Iraq’s northern Bai Hassan field: ministry
Iraq’s Bai Hassan oil field in the northern Kirkuk region was attacked by explosives on May 5 causing two wells to catch fire and leaving casualties, the oil ministry said, Continue Reading
Saudi Arabia Could Slash Deficit To Below 5% Of GDP At $60 Oil
The world’s largest oil exporter, Saudi Arabia, could see its budget deficit drop to below 5 percent of gross domestic product (GDP) this year if oil prices average $60 per Continue Reading
Mozambique Delays Could Disrupt Global LNG Market
The global liquefied natural gas (LNG) market, which was set to be constantly loose in the second part of this decade, is instead set to get tighter and could even Continue Reading
EU considers training mission to steady Mozambique
The European Union will consider sending a civilian training mission to Mozambique to help the government withstand a growing insurgency, EU foreign policy chief Josep Borrell said on Thursday. Mozambique’s Continue Reading
COVID spreading in rural India; record daily rises in infections, deaths
Hopes that India’s deadly second wave of COVID-19 was about to peak were swept away on Thursday as it posted record daily infections and deaths and as the virus spread Continue Reading
India’s Covid surge rocks global shipping industry
India’s huge wave of Covid-19 infections has hit the international shipping industry, which relies on the country for seafarers, as crews come down with the disease and ports deny entry Continue Reading