China’s Crude Oil Imports Set To Plunge By 20% In February
China’s crude oil imports could drop by as much as 15 to 20 percent on the year in February, due to the coronavirus outbreak and the slump in domestic fuel Continue Reading
China’s Emissions Are Plunging, But It Might Not Last
The coronavirus that has killed more than 2,500 people since the outbreak started in December last year has also slashed China’s CO2 emissions by as much as a quarter, according Continue Reading
Crude floating storage on VLCCs rises as China demand falls
The sharp slump in global crude demand, China in particular, due to the coronavirus outbreak has compelled several trading companies and cargo-holders to resort to floating storage, mainly on VLCCs, Continue Reading
Investment advisors worry U.S. response to coronavirus is too little too late
Investment-advisors are increasingly worried that U.S. authorities are not be doing enough to prevent a widespread outbreak of coronavirus in the country, potentially adding further downside to already-battered markets. Their Continue Reading
European companies face coronavirus hit to supply chains
Four of world’s biggest carmakers will be forced to shut down European production, one of the sector’s key suppliers has warned, after an electronics factory in Lombardy was forced to Continue Reading
Russia: Coronavirus Impact On Oil Is Worse Than Expected
Russia continues to refuse to announce its position regarding deeper cuts by the OPEC+ coalition, but admitted that the coronavirus outbreak could lead to additional downward revisions to the global Continue Reading
Energy prices retreat as coronavirus outbreak accelerates beyond China
Commodity prices moved sharply lower this week amid a renewed focus on demand destruction following a flurry of new coronavirus outside of China. ICE front-month Brent futures settled at $54.95/b Continue Reading
Coronavirus spreads faster outside China as fears of U.S. impact hit markets
The number of new coronavirus infections inside China – the source of the outbreak – was for the first time overtaken by fresh cases elsewhere on Wednesday, as U.S. markets Continue Reading
Coronavirus Live Updates: Cases Rise in Italy and Iran, and Spread to Other Countries
President Trump named Vice President Mike Pence his point person to coordinate the government’s response to the coronavirus, expressing confidence that the United States would prevent a widespread domestic outbreak. Mr. Trump’s Continue Reading
Coronavirus Creates Dilemma for Europe’s Public Gatherings, Open Borders
The threat of coronavirus spreading across Europe’s open borders has put local authorities and others in a bind over whether to call off fashion shows, soccer games and other major Continue Reading