Until three months ago, the oil industry was pinning its hopes on aviation, alongside petrochemicals, for continued growth in oil demand for at least another decade. The aviation industry, however, Continue Reading
The Trump administration is “turbocharging” an initiative to remove global industrial supply chains from China as it weighs new tariffs to punish Beijing for its handling of the coronavirus outbreak, Continue Reading
South Korean refiners reduced production of transportation fuels by 7.8% year on year in March, cutting crude throughput 4.3% over the same period, in response to demand destruction caused by Continue Reading
A northeastern Chinese city of 10 million people struggling with currently the country’s biggest coronavirus cluster shut dine-in services on Saturday, as the rest of China eases restrictions designed to Continue Reading
China’s first-quarter total services trade fell 10.8% from a year earlier to 1.15 trillion yuan ($162.82 billion), according to the Ministry of Commerce. Services exports in the Jan.-to-March period declined 4.1% Continue Reading
Ghulam Mustafa was back at his jewelry stand at a shopping mall for the first time in weeks. Many of the stores around him remained closed, and few shoppers walked Continue Reading
Russia on Friday reported a record daily rise in the number of confirmed coronavirus cases, a day after Prime Minister Mikhail Mishustin announced he had been diagnosed with the new Continue Reading
Russia and Pakistan reported their biggest one-day jumps in new coronavirus infections as some other countries and U.S. states where case numbers are stabilizing allowed businesses and public activities to Continue Reading
There is a growing push within the Trump administration to craft a list of retaliatory measures against China over its role in the coronavirus outbreak, three sources, including a U.S. Continue Reading
While the U.S. oil industry is in the throes of panic as demand has fallen out of the oil market, China is suffering its own oil crisis— resulting in capex Continue Reading
