Tag Archives: Bloomberg News Agency

Boeing Co. failed to sell any commercial planes in January. extending a slump that has strained the company’s finances since two deadly crashes grounded the best-selling 737 Max last year.

Without the U.K.. Germany is pushed into an EU role it hates. It loses a liberal soulmate. a counterweight to France. above all a counterweight to itself.

Exxon and Chevron both agree with the goals of the Paris Agreement.

To mitigate potential market risks. Gazprom has set aside 676.5bn roubles ($10.7bn) in its budget for this year.

OPEC+ is still waiting for Russia to clarify its position on deeper oil output cuts.

Three of the world’s largest oil traders are seeking to store crude on tankers at sea as the industry tries to deal with a glut that’s emerged since the outbreak of the coronavirus in China.

The U.S. is preparing to step up enforcement of international rules limiting sulfur in ship fuel.

Saudi Arabia’s state oil company has made deep cuts to the price of crude it sells to Asia.

China is. by far. the biggest market for OPEC+ crude exports. with the big Arabian Gulf producers particularly vulnerable.

Chinese oil demand has dropped by about 3 million barrels a day. or 20% of total consumption. as the coronavirus squeezes the economy. according to people with inside knowledge of the country’s energy industry.