China drives global oil demand recovery out of coronavirus collapse

China drives global oil demand recovery out of coronavirus collapse
BEIJING/NEW YORK/TOKYO (Reuters) – China’s oil demand has recovered to more than 90% of the levels seen before the coronavirus pandemic struck early this year, a surprisingly robust rebound that could be mirrored elsewhere in the third quarter as more countries emerge from lockdowns. FILE PHOTO: Oil and gas tanks are seen at an oil warehouse at a port in... Read More

BlackRock focuses on China credit, oil and travel in Asia

BlackRock focuses on China credit, oil and travel in Asia
The BlackRock logo is seen outside of its offices in New York City, U.S., October 17, 2016. REUTERS/Brendan McDermid SINGAPORE (Reuters) – The world’s biggest asset manager, BlackRock Inc (BLK.N), called out oil stocks, domestic tourism and debt in China and India as investment opportunities in its Asia outlook on Wednesday. The manager of $6.5 trillion in assets expects it... Read More

Plunging cost of wind and solar marks turning point in energy transition: IRENA

Plunging cost of wind and solar marks turning point in energy transition: IRENA
FILE PHOTO: An aerial view shows power-generating windmill turbines in a wind farm in Graincourt-les-Havrincourt, France, April 27, 2020. Picture taken with a drone REUTERS/Pascal Rossignol LONDON (Reuters) – Plunging costs of renewables mark a turning point in a global transition to low-carbon energy, with new solar or wind farms increasingly cheaper to build than running existing coal plants, according... Read More

Natgas flows to U.S. LNG export plants sink to 9-month low due to coronavirus

Natgas flows to U.S. LNG export plants sink to 9-month low due to coronavirus
FILE PHOTO: A flare burns excess natural gas in the Permian Basin in Loving County, Texas, U.S. November 23, 2019. REUTERS/Angus Mordant/File Photo NEW YORK (Reuters) – The amount of natural gas flowing on pipelines to U.S. liquefied natural gas export plants is at its lowest levels since August, a signal of weak worldwide demand due to government lockdowns to... Read More

‘Lemon’ or not, Trump stuck with Phase 1 China trade deal for now

‘Lemon’ or not, Trump stuck with Phase 1 China trade deal for now
WASHINGTON (Reuters) – U.S. President Donald Trump has little choice but to stick with his Phase 1 China trade deal for now despite his anger at Beijing over the coronavirus pandemic, new Hong Kong security rules, and dwindling hopes China can meet U.S. goods purchase targets, people familiar with his administration’s deliberations say. FILE PHOTO: U.S. President Donald Trump shakes... Read More