Goldman Sachs Remains Bullish On Oil Prices
Goldman Sachs continues to hold a bullish view on oil despite the ongoing market sell-off, reiterating in a note its stance that “the skew to prices from here is squarely Continue Reading
Biden’s Talks With Israel Highlight a Split Over Iran
Israel’s caretaker prime minister, Yair Lapid, pushed President Biden on Thursday to go beyond his public commitment to stopping Iran from ever obtaining a nuclear weapon, declaring that all democratic Continue Reading
Libya’s New Oil Chief Says Output Will Be Fully Back in a Week
The new head of Libya’s National Oil Corp. has vowed to end a blockade, double crude production to 1.2 million barrels a day and protect existing contracts with foreign oil Continue Reading
Chemical Supply Squeeze Imminent As Refiners Prioritize Gasoline
The cost of key chemicals used in pharmaceuticals, rubber, and plastics are on the rise. Refiners have been prioritizing gasoline over chemicals as demand continues to rise. In addition, crude Continue Reading
Is Biden Ready To Ease Sanctions Against Venezuela?
In the first diplomatic contact between the U.S. and Venezuela since Trump, Biden dispatched a diplomatic mission to meet with President Maduro in early March 2022. The mission was among Continue Reading
Extreme heat propels more Chinese provinces’ peak power loads to record highs
Highlights Record temperatures logged by 71 national weather stations Power loads in Zhejiang, Jiangxi, Jiangsu hit record highs China’s power consumption to grow 5%-6% in 2022 Extreme heat is sweeping Continue Reading
China Growth Slows Sharply, Putting GDP Target Out of Reach
China’s economy grew at the slowest pace since the country was first hit by the coronavirus outbreak two years ago, making Beijing’s growth target for the year increasingly unattainable as Continue Reading
Japan Utilities Rise as PM Calls for Restarting Nuclear Reactors
Japanese Prime Minister Fumio Kishida’s new push to restart nuclear reactors probably won’t be enough to avert a looming power crunch later this year that will bring new risks of Continue Reading
China Property Market Shudders as Buyers Threaten to Stop Mortgage Payments
Aggregate new home sales at China’s 100 largest developers have fallen every month on a year-on-year basis since last July. Global investors and home buyers in China are losing confidence Continue Reading
China’s Economy Hits a Slump as Covid Policy Takes a Toll
When countries around the world have stumbled in the face of pandemic headwinds, China has often stood apart, seemingly impervious to financial pressures that undermined growth. But now, dragged down Continue Reading