Marsh McLennan is arranging insurance for a controversial east African oil pipeline, putting the world’s largest broker at the center of a project that has been shunned by major banks Continue Reading
Indians are cranking up air conditioning as they still work from home, while lights come back on in offices and factories with an end to COVID curbs, upending power demand Continue Reading
Sri Lanka’s central bank has secured foreign exchange to pay for fuel and cooking gas shipments that will ease crippling shortages, its governor said on Thursday, as the prime minister Continue Reading
A Bharat Petroleum Corp. refinery stands illuminated at night in the Mahul area of Mumbai. India has stalled the privatization of state-owned refiner Bharat Petroleum Corp. as most bidders walked Continue Reading
India’s power ministry on Wednesday said it would cut domestic fuel supply to state government-run utilities by 5% if they do not import coal for blending by June 15, as Continue Reading
: LA Port Chief The global shipping bottlenecks rattling industries and consumers in the pandemic era were plain to see for the politicians, economists and investors gathering for a Latin Continue Reading
Highlights US allows Chevron to renegotiate license with PDVSA Lawmakers blast change in policy toward Venezuela Calls continue for action to aid domestic oil output Details remained scant May 18 Continue Reading
When North Korea’s leader, Kim Jong-un, acknowledged an outbreak of Covid-19 last week, he ordered his government to learn from China’s “success” fighting the virus. What he did not say Continue Reading
Highlights Gasoil and gasoline exports both lower on tight export quotas Jet exports at 2-year high as companies focus quotas Only 4.41 million mt export quota available until new allocation Continue Reading
China’s Covid caseload is easing, though the threat of lockdowns remains as more infections are found in key cities and the country continues to have zero tolerance for any outbreaks. Continue Reading
