How Is the Oil Industry Dealing With Covid?
It was Andrew Swiger, the chief financial officer at Exxon Mobil Corp., who summarized the attitude of the whole industry after Big Oil ended reporting another dismal set of quarterly Continue Reading
Organised ‘overkill’: China shows off rapid lockdown system after latest outbreak
Days after a 17-year-old girl tested positive for COVID-19 in a remote part of western China last week, health authorities said they had tested over 4.7 million people in the Continue Reading
China’s Factory Outlook Steadies as Recovery Stays on Track
An official gauge of activity in China’s manufacturing industry fell slightly in October, while consumer spending helped to lift services output, suggesting the economic recovery remains on track. The manufacturing Continue Reading
Chinese manufacturing expands in October but at slower pace
China’s manufacturing activity expanded in October for the eighth straight month, though at a slightly slower rate than in September, the National Bureau of Statistics said Saturday. The Purchasing Managers’ Continue Reading
Chinese promise market opening amid technology push
China will promote “technological self-reliance” under the ruling Communist Party’s latest five-year plan but will open further to trade, officials said Friday. The comments reflect growing official urgency about nurturing Continue Reading
Global travel and tourism projected to shed 174 million jobs
The global travel and tourism industry is on course to lose 174 million jobs this year if current restrictions to curb the spread of the coronavirus remain in place, a Continue Reading
China Believes Natural Gas Demand Will Soar
The Chinese economy has been the single largest contributor to global growth over the past several decades. Fossil fuel producers around the world closely watch Beijing, as the goals set Continue Reading
Task force sees ‘unrelenting’ COVID-19 spread; daily U.S. cases up by record 91,000
The White House coronavirus task force warned that much of the country is in the grips of an “unrelenting” surge in COVID-19 cases and urged tough countermeasures, as the number Continue Reading
Europe’s Covid-19 Cases and Deaths Are Climbing, a Warning for the U.S.
French President Emmanuel Macron and German Chancellor Angela Merkel announced new lockdown measures Wednesday, as Europe sees mounting cases and deaths related to the coronavirus. Photo: Christophe Simon/AFP/Getty Images Europe Continue Reading
China Launches Construction Of Huge $20 Billion Refinery Complex
China has launched the construction of a refinery and petrochemical complex worth US$20 billion in the Shandong province, the home of the independent Chinese refiners, Reuters reports , citing a Continue Reading