China Fuel consumption in April to drop 20% from year ago: sources China is facing its biggest oil-demand shock since the early days of COVID when Wuhan was the epicenter of the outbreak. Economic activity for the world’s largest crude importer has slowed because of a new wave of coronavirus infections. China’s demand for …
Continue reading “China’s Oil Demand Is Tumbling the Most Since Wuhan Lockdown”
(Bloomberg) — Fears about the economic toll of China’s strict Covid Zero policy intensified Monday, as news that lockdowns were spreading to Beijing sent stocks, commodities and the yuan tumbling. The benchmark CSI 300 Index dropped more than 4% to the lowest since May 2020, wiping out gains from a March pledge by officials to …
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While there are still plenty of supply risks that could send oil prices soaring, bearish sentiment has taken over oil markets this weak due to falling Chinese demand and the expectation of a global economic slowdown. Prospects of weakening economic growth globally have continued to weigh on crude prices, with the US Fed hinting at …
The Kremlin is prepared to disrupt the West and its socio-economic order As momentous as Russia’s invasion of Ukraine is, the most strategically important event in recent weeks was the global economic war between Russia and the U.S. and its allies. Russia, however, has been preparing to confront the West and challenge the Western socio-economic …
Major stock markets on Wall Street recorded significant losses at Friday’s closing bell, with all three key indices tumbling more than 2.5% each in a single session. Ahead of the May FOMC meeting, Cleveland Fed President Loretta Mester said she would like to see a 50 basis point interest rate hike next month as well …
Continue reading “Wall Street sinks deep, Dow tumbles nearly 1,000 pts”
Supermarkets across the UK have placed limits on how much cooking oil customers can buy due to supply-chain problems caused by Russia’s invasion of Ukraine. Tesco is allowed three items per customer while Waitrose and Morrisons have placed limits of just two items each, according to the BBC. In comments carried by the broadcaster, the …
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Malware is simple to create and sell on the dark web. But even if the U.S. is targeted, it can easily strike back, escalating risks to dangerous levels. The Department of Homeland Security’s cybersecurity unit has recently warned of a new malware toolkit called Pipedream that targets industrial control systems and could be used to …
Moscow. 23 April. Interfax – Dmitry Medvedev, Deputy Chairman of the Security Council of the Russian Federation, believes that Europe will not be able to last the round without Russian gas. “The European Commission allowed payment for gas in rubles and believes that the decree of the President of Russia can still be accepted by …
https://youtu.be/OP7_kIz9IuU Demand for oil in China is on course to drop by 20% in April, Bloomberg reported Friday. China is facing its biggest oil-demand shock since the early days of COVID when Wuhan was the epicenter of the outbreak. Economic activity for the world’s largest crude importer has slowed because of a new wave of …
Continue reading “Chinese Oil Demand Set For 1.2 Million Bpd Plunge In April”
BERLIN (Reuters) -NATO must avoid a direct military confrontation with Russia that could lead to a third world war, German Chancellor Olaf Scholz said in an interview with Der Spiegel when asked about Germany’s failure to deliver heavy weapons to Ukraine. Scholz is facing growing criticism at home and abroad for his government’s apparent reluctance …
Continue reading “Scholz says top priority is avoiding NATO confrontation with Russia”