Tag Archives: Bloomberg News Agency

U.S. crude explorers reduced drilling to a 15-month low as oil dipped into bear-market territory.

South Korea said its economic growth faces prolonged downside risks as uncertainty surrounding external conditions grow more than expected.

Some of China’s investments have been welcomed by regional actors.

Saudi Arabia’s top oil official said he was sure that OPEC+ will extend production cuts into the second half of the year after holding talks with Russia.

Fitch Ratings downgraded Petroleos Mexicanos for a second time in five months. plunging the world’s most indebted oil company into junk status.

A year ago. in the enduring twilight of one of St. Petersburg’s famous white nights of summer. Saudi Arabia and Russia reached an agreement that set a new direction for the oil market.

West Texas Intermediate crude entered a bear market and Brent tumbled below $60 after U.S. petroleum inventories ballooned. raising fears of a glut as trade disputes threaten demand.

Russia’s exports to countries outside the former USSR in May dropped to 20.17 MM tons.

China targeted FedEx Corp. in its escalating trade war with the U.S.. giving a hint of the kind of foreign companies it may blacklist as unreliable.

Mexico is kicking off the construction of its $7.7 billion (150 billion peso) oil refinery.