Oil slips on fears over slowing China demand
Oil edged lower on Monday as worries over slowing demand in China balanced support from concern over tight global supply and the deepening Ukraine crisis. China’s economy slowed in March Continue Reading
Oil Gains as Week Opens on Libyan Disruption, Russia’s Warning
Oil climbed as supplies from Libya were interrupted and Russia warned of the potential for record prices if more nations ban its energy. West Texas Intermediate traded above $107 a Continue Reading
Ukraine War Deepens Debt Woes Across Developing World
The war in Ukraine is making it tougher for many emerging-market governments to make debt payments to foreign creditors, fueling concerns of potential crises that could shake markets and weaken the global Continue Reading
Libya halts operations at El Feel oilfield, Zueitina port due to protests
Libya halted oil production from its El Feel oilfield on Sunday and two sources at Zueitina oil port said exports there had been suspended after protesters calling for Tripoli-based Prime Continue Reading
OPEC Is Treading Lightly As Bearish News Mounts
The IEA and OPEC have both revised their oil demand projections, hinting that prices could see a meaningful decline in the coming months. China’s latest COVID lockdowns are also adding Continue Reading
The Odds Of A Nuclear Deal With Iran Are Shrinking Every Day
The odds of a new nuclear deal with Iran are shrinking. The Iranian position on several key issues is preventing a breakthrough. Without addressing the future role of Iran in Continue Reading
India eyes Russian coal offered at steep discounted price amid domestic shortage
Few cargoes of Russian coal traded to India: sources Russian 5,500 kcal/kg NAR FOB at $60/mt discount to Newcastle coal Indian stockpiles dwindling, sufficient for 8 days of the burn Continue Reading
China Joblessness Climbs, Spending Drops on Covid Lockdowns
China’s economic growth accelerated in the first quarter. Still, retail sales contracted and new-home sales fell in March. John Liu reports. Bloomberg News Sign up for the New Economy Daily Continue Reading
China refinery output slips to 5-mth low as crude price, lockdown hit demand
China refined 2% less oil in March than a year earlier, with throughput falling to its lowest level since October as a surge in crude oil prices squeezed margins and Continue Reading
China’s daily coal output in March hits record high
China’s coal output rose 15% in March from the same month a year ago, with daily production climbing to a record, as Beijing urged miners to crank up operations to Continue Reading