President Joe Biden’s approval rating dipped to the lowest point of his presidency in May, a new poll shows, with deepening pessimism emerging among members of his own Democratic Party. Only 39% of U.S. adults approve of Biden’s performance as president, according to the poll from The Associated Press-NORC Center for Public Research, dipping from …
China kept buying more energy from Russia, with purchases of oil, gas and coal jumping 75% in April to over $6 billion, even as domestic demand slowed due to a resurgent virus and the US and Europe moved away from purchases. Imports of Russian liquefied natural gas surged 80% from a year earlier to 463,000 …
The Russian rouble firmed past 64 per dollar on Monday, briefly jumping to 62.71 to the greenback, and climbed towards its highest in nearly five years against the euro, supported by continuing restrictions on currency trading. The rouble is the world’s best-performing currency so far this year, although this is due to artificial support from …
Qatar hopes to start sending liquefied natural gas (LNG) to Germany in 2024, the Gulf state’s deputy prime minister told the German daily Handelsblatt on Friday. “We want to have our U.S. Golden Pass liquefied natural gas plant in Texas, in which Qatar Energy holds a 70% stake, ready to deliver to Germany as early …
Low fuel inventories could lead to a crisis this summer in the U.S. Refinery outages could be disastrous during this period of supply tightness. Sankey: we’ve never seen inventories this low, particularly in the northeast. Very low inventories of oil products in the United States and a shortage of refining capacity have laid the foundations …
Continue reading “Analyst Warns Of A Fuel Shortage Crisis In The U.S.”
Oil prices rebounded from two days of losses in a volatile session on Thursday, bolstered by weakness in the dollar and expectations that China could ease some lockdown restrictions that could boost demand. Crude benchmarks continued their spate of wild swings, with both Brent and U.S. crude rising by nearly $5 a barrel in the …
Continue reading “Oil prices reverse losses as US inventories drop”
The United States is nearing numbers of average daily coronavirus cases not seen since winter as the Indian ‘Delta’ variant continues to spread across the country. On Thursday, officials recorded 109,824 new cases of the virus with a seven-day rolling average of 98,518. The U.S. is almost at an average of 100,000 per day, which …
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(Bloomberg) — Around half of Gazprom PJSC’s foreign clients have complied with a request from Russia’s president to open accounts with Gazprombank JSC, according to Deputy Prime Minister Alexander Novak. The shift in procedure follows a demand by Vladimir Putin in March that foreign buyers open ruble and foreign-currency accounts at the bank to handle …
Continue reading “Half of Gazprom’s 54 clients opened Gazprombank accounts, says Russia’s Novak”
“‘Probably a 30% chance of recession as you look forward to the next 12 to 24 months.’” That was Goldman Sachs Group Inc. CEO David Solomon talking about the current state of the U.S economy during a couple of recent interviews. Solomon, who has been the chief executive officer at Goldman Sachs since 2018, made …
Washington will start to relax restrictions placed on U.S.-based oil company Chevron with regards to its crude business in sanctioned Venezuela. Chevron will soon be able to negotiate directly with the Venezuelan government and its state-run oil company, PDVSA, with the final details of the new arrangement expected to be complete as early as today. …
Continue reading “United States To Release Venezuela From Some Oil Sanctions”