The announcement by SAPREF, South Africa’s largest fuel refinery, that it has suspended its operations due to force majeure, will undoubtedly impact the already critical fuel situation in South Africa, Continue Reading
Cuba has seen in recent days the biggest protests in decades as thousands of people took to the streets in the Communist-run country to demand freedom. But they also protest Continue Reading
The Energy Information Administration (EIA) on Wednesday said U.S. coal production fell in 2020 to its lowest level since 1965 due to low global demand in the wake of the Continue Reading
Resurgence in COVID-19 infections to prolong border closures Jet fuel refining margins seen to climb to $8-9/bbl by year-end Asia’s aviation sector to struggle despite recovery in the West Refiners Continue Reading
Chinese oil companies processed a record volume of crude in June, offering further signs that Asia’s largest economy may surpass the U.S. to become the world’s biggest refining nation this Continue Reading
WATCH: Helen Qiao of BofA Global Research discusses what the GDP figures say about the state of the world’s second-largest economy. Sign up for the New Economy Daily newsletter, follow Continue Reading
China’s economic rebound slowed in the second quarter but continued to show unusual resilience more than a year after the country largely got control of the coronavirus within its borders. Continue Reading
The pace of China’s economic recovery rose modestly in the second quarter after signs of sluggishness in the world’s second-biggest economy had stoked expectations of greater policy support. On a Continue Reading
Crude oil prices inched higher today after the Energy Information Administration reported a crude oil inventory draw of 7.9 million barrels for the week to July 9. The report was Continue Reading
The U.S. Senate passed legislation on Wednesday to ban the import of products from China’s Xinjiang region, the latest effort in Washington to punish Beijing for what U.S. officials say Continue Reading
