Indonesia’s new palm oil export ban will hurt other countries but is necessary to try to bring down the soaring domestic price of cooking oil driven up by Russia’s war Continue Reading
China’s major financial hub of Shanghai reported more new COVID-19 related deaths on April 22, as residents vented their anger over a harsh lockdown and strict censorship online. Shanghai’s full-city Continue Reading
For weeks, Shanghai has made international headlines as a Covid-19 outbreak has forced the city’s 25 million residents to lockdown in their homes, many in severe distress over how to Continue Reading
Li Huixiang, a property broker in the central Chinese city of Zhengzhou, had been looking forward to a bumper March. In an effort to boost the city’s flagging property sector Continue Reading
China’s crude demand in April is expected to have declined 1.2 million bpd year-on-year. China’s gasoline, diesel, and jet fuel demand is set for a 20-percent plunge this month compared Continue Reading
China’s reliance on Middle Eastern crudes grew sharply in the first quarter of 2022, as the country reduced inflows from Russia, Brazil and the US, data from the General Administration Continue Reading
India trade group U.S. urges cooperation rather than export bans Indonesian govt under pressure to control cooking oil prices Global prices at records this year after Indonesian curbs Edible oils Continue Reading
U.S. climate envoy John Kerry on Thursday put natural gas on notice, saying the world’s reliance on the fossil fuel should be limited to potentially a decade, unless its greenhouse Continue Reading
The number of total active drilling rigs in the United States rose by 2 this week, after an increase of 4 rigs in the week prior, according to new data Continue Reading
Oil Analyst Sen Sees Rising Risk as SPR Impact Fades The global oil industry is on pace to repeat or even surpass the heady days of 2008 when crude ascended Continue Reading
