Light crude oil futures are facing bearish sentiment, largely driven by concerns over global economic growth and oil demand. Weak consumer spending data from China, the world’s largest oil importer, has cast doubt on the resilience of its economic recovery. Despite signs of improvement in industrial production, the broader outlook for Chinese demand remains subdued, as Beijing struggles to implement effective stimulus measures. Energy transition policies in China are also expected to cap long-term petroleum consumption... Читать дальше...
Iran’s oil is increasingly finding its way into floating storage offshore Southeast Asia instead of at customers as a recent raft of U.S. sanctions on tankers shipping Iranian oil has made Chinese buyers more careful. The volumes of Iranian oil stored on tankers at sea, predominantly offshore Malaysia’s eastern coasts, have swelled to their highest levels since the end of July, per data from Kpler cited by Bloomberg. As of December 15, a total of 16.82 million barrels of Iranian oil were sitting... Читать дальше...
Turkey has mediated a deal between Ethiopia and Somalia to grant the former access to the Red Sea and the Indian Ocean, ending a year-long dispute that threatened to spark a regional conflict. But the new deal voids an earlier deal with Somalia’s breakaway region of Somaliland, which would have given Ethiopia a naval base in Somaliland in return for recognition of independence. The Turkish deal, dubbed the “Ankara Declaration” would give Ethiopia alternative access to the Red Sea, without undermining... Читать дальше...
Politics, Geopolitics & Conflict Venezuela’s PDVSA and India’s Reliance Industries have resumed a cautious oil-for-naphtha swap arrangement paused under U.S. sanctions, signaling a recalibration of geopolitical oil strategies. With a U.S. license in hand since July, the swap delivered 1.9M barrels of Merey crude to India and 500,000 barrels of naphtha to Venezuela, reflecting mutual economic necessity as Venezuela leverages barter deals to sustain its oil sector while India cautiously tests the... Читать дальше...
Wary of Worsening Export Economics, Chinese Refiners Flushes Out Stocks - Chinese companies maximized their exports of oil products in November, ahead of an increase in government levies after Beijing reduced the country’s VAT rebate for product exports from 13% to 9%. - The combined exports of gasoline, diesel, and jet fuel accounted for 920,000 b/d last month, according to Chinese GAC statistics, a whopping 28% month-on-month increase as oil companies flushed out their stocks. - Slashing the... Читать дальше...
If cryptic crosswords aren’t challenging enough for you, try this jumbo one that only uses letters found in elemental symbols
Ring in 2025 without having to stake awake until midnight.
The Dodge Durango SRT Hellcat was first introduced as a one-year-only model way back for the 2021 model year, and Dodge briefly kept its word and discontinued it for 2022 following a short production run of about 3,000 units. Then-CEO Tim Kuniskis was even quoted saying, “you’ve only got one shot [to buy one].” When 2…
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Tottenham Hotspur’s Ange Postecoglou continues to win admirers with his progressive brand of football, and none other than Liverpool boss Arne Slot has joined the... The post Arne Slot leaps to Ange Postecoglou’s defence – ‘I hope he wins a trophy’ appeared first on Spurs Web.
Image: Cath Virginia / The Verge, Getty Images
To get Nosferatu’s nightmarish love triangle right, Robert Eggers looked to Wuthering Heights for inspiration.
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A recent indictment of former Apple employees has put a magnifying glass to potential fraud committed against corporate employee matching donation programs.
For founders and leaders in EdTech, recognizing and making use of a few patterns can help build a more sustainable business model that evolves with the academic calendar.
By prioritizing deterministic observed data, you’re not just investing in better AI—you’re setting your organization up for long-term success.
Voters have handed the incoming congressional majority a powerful opportunity to enact badly needed reforms.
The Food Safety Authority said this new provision is being introduced to ensure that rejected or expired food items are not rebranded and sold for human consumption
Brian Whitelock was on a life licence from a previous murder when he killed his neighbour Wendy Buckney.
Isuzu Motors India celebrated producing its 100,000th vehicle at its Sri City plant near Chennai. The milestone vehicle, a maroon Isuzu D-MAX V-Cross, rolled off the assembly line, marking a significant achievement since operations began in 2016. The company highlighted its commitment to India and the quality of its vehicles.
I-49 was backed up this morning after an accident on US-167 near I-10 had all southbound lanes blocked
Sheffield Wednesday manager Danny Rohl has said he is happy at the club after being linked with vacancies at Southampton and Hamburg this week, but wants them to show ambition in the January transfer window.
New York State Police have reported an arrest was made on December 18, in a hit-and-run crash that happened on August 29, leaving a man critically injured. Keith McNamara, 51, of Kingston, faces multiple charges.
La plataforma producirá docuseries exclusivas sobre fútbol femenino en la antesala de ambas citas Leer
One of those annoyingly close grounds I've not been to, so I'll deffo be there.
Should get as many tickets as we like.
The personal consumption expenditures (PCE) price index rose 2.4 percent in the 12 months to November, up from 2.3 percent in October, the Commerce Department said in a statement. Goods prices fell 0.4 percent over the last 12 months, while services jumped 3.8 percent. Food prices rose 1.4 percent over this period, while energy prices dropped by 4.0 percent, underscoring some of the volatility seen in prices. However, headline prices rose just 0.1 percent from October, pointing to a slight slowdown... Читать дальше...
