Is China’s Oil Buying Spree Over?
Crude oil purchases by China appear to be hitting the brakes in July after record purchases in May for loadings in June, with analysts now concerned that the buying spree Continue Reading
Jobs Recovery Shows Signs of Slowing as Coronavirus Surges
Black unemployment has historically been higher than white unemployment in the U.S. This gap was narrowing before the coronavirus pandemic. But with unemployment hitting record highs across the board, Black Continue Reading
U.S. Coronavirus Cases Hit Another Daily Record as State GOP Officials Target Mask Orders
As the coronavirus crisis continues to engulf the U.S., public-health experts have pointed to a series of missteps and miscalculations in the country’s response. Here’s a look back at how Continue Reading
Indonesia Aims To Boost Domestic Oil Production To 1 Million Barrels Per Day
Oil production has been in steady decline for much of the past two decades in Indonesia, but the state aims to reverse this trend and achieve a production target of Continue Reading
Rising Demand Leads To Record Refinery Runs In China
After some good news for oil exporters from China, there is now even better news about oil demand from the world’s top importer: Chinese refineries processed a record-high amount of Continue Reading
China’s Wuhan declares red alert as floods disrupt supply chains
Large parts of central and eastern China were reeling on Friday from the worst floods in decades, as disruption mounted for key supply chains, including crucial personal protective equipment for Continue Reading
The $52 Trillion Bubble: China Grapples With Epic Property Boom
Even the coronavirus hasn’t stopped the world’s biggest asset bubble from getting bigger. After a brief pause during coronavirus lockdowns in February, a Chinese property boom in some megacities that many thought was Continue Reading
China’s Slowing Oil Purchases Give Bulls Something to Ponder
Is it a pause, or something more profound? Either way, China’s crude purchases are stuttering, helping to put the oil price rally on hold. At least for now. While the world’s Continue Reading
Barr says US now overly reliant on Chinese goods, services
The United States has become overly reliant on Chinese goods and services, including face masks, medical gowns and other protective equipment designed to curb the spread of the coronavirus, Attorney Continue Reading
U.S. Shatters Its Record of New Coronavirus Infections as India’s Caseload Hits a Million
The United States reported more than 75,600 new cases on Thursday, a single-day record. India ranks third in the world in both total cases and new ones, and its rate Continue Reading