In the first few weeks of the pandemic, it was just a trickle: companies like Alaskan airline Ravn Air pushed into bankruptcy as travel came to a halt and markets collapsed. But the financial distress wrought by the shutdowns only deepened, producing what is now a wave of insolvencies washing through America’s corporations. In May …
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As OPEC+ prepares to meet in two weeks’ time, members are weighing whether to extend the output cuts or ease them. Russia is determined to start easing oil output cuts from July, sticking to the terms of the OPEC+ deal struck earlier this year, according to people familiar with the key producer’s position. OPEC and …
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U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 7.9 million barrels from the previous week. At 534.4 million barrels, U.S. crude oil inventories are about 13% above the five year average for this time of year. Total motor gasoline U.S. crude oil refinery inputs averaged 13.0 million barrels per …
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The American Petroleum Institute (API) reported a large crude oil inventory build, of 8.731 million barrels for the week ending May 22. Analysts had predicted an inventory draw of 2.50 million barrels. In the previous week, the API reported a draw in crude oil inventories of 4.8 million barrels. Meanwhile, the EIA’s estimates were wildly …
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Mike Pompeo declares that Hong Kong is ‘no longer autonomous’ from China as Beijing prepares to pass security crackdown – opening way for ending trade privileges ‘No reasonable person can assert today that Hong Kong maintains a high degree of autonomy from China,’ said Pompeo The president warned in a statement Tuesday Hong Kong would …
The global case tally from the coronavirus that causes COVID-19 climbed above 5.5 million on Tuesday, as the World Health Organization warned of the possibility of an immediate “second peak” in infections during the current wave, if countries and local governments ease measures to contain the spread too soon. Dr. Mike Ryan, WHO emergencies chief, …
The World Health Organization has temporarily halted studying hydroxychloroquine as a potential Covid-19 treatment in its Solidarity Trial due to safety concerns, WHO Director-General Tedros Adhanom Ghebreyesus said during a briefing in Geneva on Monday. The decision was made after an observational study was published in the medical journal The Lancet on Friday, which described …
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United States President Donald Trump said he doesn’t see how Hong Kong can remain a financial hub with China’s new security law, White House revealed on Tuesday. Trump insisted he is “displeased” with China’s actions over Hong Kong, as cited by White House Press Secretary Kayleigh McEnany. Earlier in the day, the European Union urged …
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Nick Note: The coming second wave and third wave will be far far worse. The pressure mounts to open her up! Reality is its a severe mistake. Its a plague trap! Mass Gatherings are a serious mistake of epic proportions..
The World Health Organization is warning of a second peak – not necessarily a second wave – of coronavirus cases. During a media briefing on Monday, Dr. Mike Ryan, executive director of WHO’s Health Emergencies Programme, said right now, we are “right in the middle of the first wave, globally.” “We’re still very much in …
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