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Month: November 2021

Category:
  • China

China says Winter Olympics will proceed as planned despite Omicron challenge

 China expects to hold the 2022 Winter Olympics “smoothly” and on schedule, despite challenges posed by the emergence of the new Omicron coronavirus variant, foreign ministry spokesman Zhao Lijian told Continue Reading

Posted On : 30 Nov 2021 Published By : Tom Whipple
Category:
  • China

China’s manufacturing PMI rebounds in Nov, but outlook remains sluggish

 Lackluster consumption, property investment to weigh on manufacturing Steel demand from vehicle, home appliance showed no improvement Passenger car output to rise in 2022, but growth limited China’s manufacturing purchasing Continue Reading

Posted On : 30 Nov 2021 Published By : Tom Whipple
Category:
  • USA

U.S. Proceeding With Oil Reserves Release Despite Price Drop

The U.S. will proceed with its plan to release 50 million barrels of oil from its strategic reserves despite a new coronavirus variant triggering a sharp drop in crude prices. Continue Reading

Posted On : 30 Nov 2021 Published By : Tom Whipple
Category:
  • Shipping
  • USA

Shipper Offers Cold, Hard Cash to Help Clear L.A. Port Glut

One of the world’s biggest ocean carriers is dangling incentives of as much as $200 a container for help in clearing the backlog at Southern California’s ports. CMA CGM Group Continue Reading

Posted On : 30 Nov 2021 Published By : Tom Whipple
Category:
  • Prices
  • USA

U.S. Drivers Set for Relief at the Pump as Oil Rally Cools

Oil Rebounds from Black Friday Rout as OPEC+ Takes More Time American drivers are set for a slight relief from stubbornly high gasoline prices at the pump as concerns over Continue Reading

Posted On : 30 Nov 2021 Published By : Tom Whipple
Category:
  • USA

U.S. Strategic Oil Reserves Could Fall By 50% Over The Next Decade

The U.S. strategic petroleum reserve could drop by 304 million barrels over the next 10 years according to the EIA The reason for this fall is a combination of recent Continue Reading

Posted On : 30 Nov 2021 Published By : Tom Whipple
Category:
  • Air Quality

In shadow of Texas gas drilling sites, health fears escalate

At a playground outside a North Texas daycare center, giggling preschoolers chase each other into a playhouse. Toddlers scoot by on tricycles. A boy cries as a teacher helps him Continue Reading

Posted On : 30 Nov 2021 Published By : Tom Whipple
Category:
  • Prices
  • USA

Biden Is Growing Increasingly Desperate To Curb Gasoline Prices

U.S. President Joe Biden is taking a lot of flack for the rise in gasoline prices. In the short term, there is not much the President can do to put Continue Reading

Posted On : 30 Nov 2021 Published By : Tom Whipple
Category:
  • USA

U.S. Ready To Release Even More Crude From SPR

The United States is ready to release even more barrels of crude oil from its emergency stockpiles, a senior advisor from the State Department told CNBC today. The Biden Administration Continue Reading

Posted On : 30 Nov 2021 Published By : Tom Whipple
Category:
  • Nord Stream

Kremlin warns against U.S. pressure over Nord Stream 2 certification

The Kremlin said on Monday the United States must not put pressure on anyone over the certification of the Russian Nord Stream 2 gas pipeline. The newly completed pipeline is Continue Reading

Posted On : 30 Nov 2021 Published By : Tom Whipple

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