• 3 minutes Looming European Gas Crisis in Winter and North African Factor - a must read by Cyril Widdershoven
  • 7 minutes "Biden Targets Another US Pipeline For Shutdown After 'Begging' Saudis For More Oil" - Zero Hedge Monday Nov 8th
  • 12 minutes "UN-Backed Banker Alliance Announces “Green” Plan to Transform the Global Financial System" by Whitney Webb
  • 1 hour GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 days Building A $2 Billion Subsea Solar Power Cable From Chile To China
  • 9 hours China's aggression is changing the nature of sovereignty.
  • 20 hours Hunter Biden Helped China Gain Control of Cobalt Mines in Africa
  • 22 hours CO2 Electrolysis to CO (Carbon Monoxide) and then to Graphite
  • 1 day OPEC+ Expects Large Oil Glut In Early 2022
  • 4 hours Ukrainian Maidan after 8 years
  • 21 hours NordStream2
  • 4 hours Delta variant in European Union
  • 19 hours President Biden’s Nuclear Option Against OPEC+ - Waste of Time
  • 1 day Microbes can provide sustainable hydrocarbons for the petrochemical industry
  • 1 day Forecasts for Natural Gas
  • 4 days "Gold Set To Soar As Inflation Fears Mount" by Alex Kimani
  • 2 days Big Bounce: Russian gas amid market tightness - new report by Oxford Institute for Energy Studies
Florida Startup Offers Solution To Decades-Old Pipeline Puzzle

Florida Startup Offers Solution To Decades-Old Pipeline Puzzle

Florida-based company Trans Caspian Resources…

Big Oil Is Fighting For Clean Fossil Fuels

Big Oil Is Fighting For Clean Fossil Fuels

While much has been made…

Editorial Dept

Editorial Dept

More Info

Premium Content

Restarting China’s Economy

1. China tries to restart its economy

- China has begun to clear a backlog of container ships in an effort to jumpstart an idled economy.

- China processes about 30 percent of total global container traffic, and the coronavirus, and the subsequent shutdown of parts of the Chinese economy, have rippled around the world. About 715,000 containers typically pass through Chinese ports per day.

- Between February 11 and 17, Reuters says that the average wait time for a container ship at Zhoushan in southern China spiked to more than 60 hours due to the backlog, 20 hours longer than the average time in early January.

- Turnaround times are starting to improve at other ports as workers come back to the job. “The turning point has arrived... We are seeing that port congestion has eased and logistics start to revive,” Xu Kai, director of the Shipping Information Research Institute at SISI, told Reuters.

2. Jet and kerosene prices plunge

- The coronavirus pandemic is sinking commodity prices across the board, but jet fuel and kerosene are under particularly acute pressure as travel restrictions proliferate and the virus spreads beyond China’s borders.

- “[W]e have shaved off more than half of our global demand growth forecast for 2020 since January; it currently stands at just 50,000 b/d, vs 140,000 b/d in our previous forecast,” JBC Energy wrote in a note, referring to jet and kerosene demand growth.

-…





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News