“Jet was China‘s solution to demand destruction in gasoil and gasoline, but all it did was shift the problem elsewhere,” said Zameer Yusof, a middle distillates analyst at Kpler, who forecasts a surplus of 390,000 barrels per day in the country this year. “Chinese international travel looks weak, contributing to the glut we’re seeing.”
Brent slid as much as 1.6% toward $67 a barrel after falling 0.7% on Friday, and West Texas Intermediate was below $66. The group led by Saudi Arabia decided on Saturday to increase supply by 548,000 barrels a day, putting OPEC+ on track to unwind its most recent output cuts a year earlier than planned.
A final investment decision is expected in the third quarter of 2026, with production at the site at Coega, near the city of Gqeberha, expected to start three years later, the company said. It would make more than 1 million tons of green ammonia a year. The product is a more easily shipped derivative of […]
Trump’s second-term rush to overhaul US trade policy has also fueled uncertainty for markets and corporate supply-chain managers trying to game out the effects on production, inventories, hiring, inflation and consumer demand. That sort of routine planning is hard enough without factors like tariffs that are moving forward one day, and potentially gone the next.
“I am not without sympathy for the desire of the Smiths and other property owners and residents of the area to preserve their neighbourhood as it is, including in particular its single family, low-density nature,” Judge Verhoeven wrote. ” However, in relation to the exercise of the court’s residual discretion, the need of the community […]
In South Korea, Samsung Electronics Co.’s hit from US tariffs may be smaller than feared after Vietnam agreed on a 20% levy on exports to the US, down from the 46% rate announced in April, BI said. With most of its smartphones made in Vietnam and shipped to the US, the tariff impact on operating […]
The Ministry of Industry and Information Technology said in a statement that it would strengthen its guidance over the industry to help it solve urgent problems. Minister Li Lecheng met Thursday with leaders from 14 solar companies, and stressed that they need to better manage disorderly competition and speed up the elimination of outdated production […]
The same day, the chairman of Great Wall Motors, Wei Jianjun, said he was pessimistic about what he called the “healthy development” of the EV market. He drew a comparison to Evergrande, the Chinese real estate giant whose collapse sent the entire industry into a downturn from which it has yet to recover.
The dam, on the Blue Nile near the Sudan border, began producing power in 2022. The project is expected to ultimately produce over 6,000 megawatts of electricity, which is double Ethiopia’s current output and enough to make the East African nation of 120 million a net energy exporter.
A major draw for global investors like Cerberus has been Indian companies’ balance sheets. On average the loan-to-value ratio among Indian private credit borrowers, which measures the size of a financing against its collateral, is about 40%, Ghosh said. “In the rest of Asia, and even in developed markets, the gauge would be over 60%,” […]