News

China’s imports of Russian oil jump 55% in May

• 20 June, 2022
• 5:48 pm EEST

China's imports of Russian oil jumped 55% last May, displacing Saudi Arabia from the first place among crude suppliers to Beijing, 19 months after Riyadh topped the list. China's General Customs Administration data indicated today, Monday, June 20, that Russian…

Continue Reading

The US Dollar Strengthens Early Friday Ahead of Powell, Industrial Production, and the Holiday Weekend

• 17 June, 2022
• 3:32 pm EEST

The US Dollar Strengthens Early Friday Ahead of Powell, Industrial Production, and the Holiday Weekend Early Friday, the US dollar was stronger against its major trading partners ahead of a speech by Federal Reserve Chairman Jerome Powell, the release of…

Continue Reading

Oil prices are rising… and Brent crude is above $120

• 17 June, 2022
• 2:21 pm EEST

Oil prices rose today, Friday, June 17, 2022, with continued supply tightening and new US sanctions to limit Iranian oil exports. Crude prices had started trading lower, with concerns about demand emerging in the wake of US interest rate increases.…

Continue Reading

Climate change threatens to lose 200,000 British homes by 2050

• 16 June, 2022
• 3:39 pm EEST

A new study warns of the risk of climate change worsening in coastal Britain, finding that rising seas will cause the loss of 200,000 homes in just 30 years. The study was carried out by a group of researchers at…

Continue Reading

LNG tanker rental rates reach record levels Amidst the rising demand

• 15 June, 2022
• 4:31 pm EEST

Spot market prices for LNG tankers this week set annual records, with more long-term leases; This limited the supply of ships to the spot market. This was caused by increased demand for LNG and buyers' shunning of Russian cargo and…

Continue Reading