EXCLUSIVE: Disturbing images on Instagram from inside Wuhan show residents dropping to the floor following a lockdown of the city by Chinese authorities. Disturbing images of Wuhan residents dropping unresponsive to the floor have emerged on Instagram following the diseased Chinese city’s coronavirus lockdown. MAY BE FAKE NEWS WARNING! Wuhan has been branded a “zombieland” …
Continue reading “Infected people seen ‘dead in streets’ in quarantined Chinese virus city”
OPEC Secretary-General Mohammed Barkindo said on Thursday that it is too early to discuss an extension to the crude output cut deal between the Organization of the Petroleum Exporting Countries (OPEC) and its allies until the end of 2020, Tass reported. Earlier this week, Barkindo denied reports that the next meeting of the cartel and …
Continue reading “Barkindo: Too soon to discuss OPEC+ cuts until 2021”
U.S. crude oil refinery inputs averaged 16.9 million barrels per day during the week ending January 17, 2020, which was 116,000 barrels per day less than the previous week’s average. Refineries operated at 90.5% of their operable capacity last week. Gasoline production increased last week, averaging 9.5 million barrels per day. Distillate fuel production decreased …
Continue reading “EIA Weekly Report week ending January 17, 2020”
The American Petroleum Institute (API) estimated on Wednesday a surprise crude oil inventory build of 1.57 million barrels for the week ending January 17, compared to analyst expectations of a 1.009-million-barrel draw in inventory. Last week saw a build in crude oil inventories of 1.1 million barrels, according to API data. Oil prices were down …
Continue reading “Oil Falls Further On Rising Crude, Product Inventories”
NEW YORK (Reuters) – Oil prices fell about 2% on Wednesday as a market surplus forecast by the International Energy Agency (IEA) and demand worries amid the outbreak of a virus in China outweighed concern over disruptions to Libya’s crude output. Brent crude LCOc1 was down $1.24, or 1.9%, at $63.35 a barrel by 1:49 …
Continue reading “Oil slides 2% as glut forecast, China virus overshadow Libya disruption”
* Infections in China hit 440, with nine dead * WHO says more cases expected * China to restrict gatherings in Hubei * Officials urged not to conceal information * Travel warnings, North Korea bans foreign tourists * Olympic boxing qualifying bouts cancelled in Wuhan BEIJING/SHANGHAI, Jan 22 (Reuters) – Authorities in China and beyond …
Continue reading “Pandemic fears grow as China virus toll rises to nine”
U.S. stock futures are higher after IBM and Netflix results Some of the biggest names in the hedge-fund industry have been making the case in recent days that it is no time to pull back on stocks. David Tepper said he “loves riding a horse that’s running,” and Stanley Druckenmiller followed up to say he …
Continue reading “Why one stock-market bull says he’s taking the ‘offense off the field’”
The Washington Times – Tuesday, January 21, 2020 U.S. troops last weekend reportedly found themselves in a standoff with Russian forces trying to gain access to key oil fields in northeastern Syria. The Saturday standoff — first reported by Turkish media outlets, citing unnamed local officials in the Turkey-Syria border region — seems to have …
Continue reading “Standoff: U.S. troops block Russian forces from capturing Syrian oil field”
SINGAPORE (Bloomberg) – Oil declined on concerns that a coronavirus outbreak in Asia could spread and curtail demand in a market that’s already contending with plentiful supplies. Futures slipped 0.8% to trade near $58 a barrel in New York. Goldman Sachs Group Inc. said prices could slip about $3 a barrel if an outbreak plays …
Continue reading “Oil slips on concerns new virus may curtail demand”
A mystery coronavirus is sweeping through Asia, with reports in Thailand, Japan, the Philippines and South Korea. The superbug, which is similar to SARS, has already killed six people Trump vows that US will plant 1 trillion trees, Greta thunberg says that’s not enough Trump vows that US will plant 1 trillion trees, Greta thunberg …
Continue reading “Killer coronavirus attacks the body with pneumonia – symptoms to look out for”