Should OPEC+ fail to stimulate markets tomorrow, the downside risk associated with global oil demand destruction could send oil prices tumbling
as it seeks to expand its foothold in the downstream business, for a reported sum of $2.65 billion. has seen its vice chairman Huang Shilin resign this week, with founder and chairman Zeng Yuqun taking over the concurrent role of general manager, sending the stock up 5% on Monday alone.
that this would inadvertently boost inflation as USGC refiners rely on heavy crudes from Latin America and elsewhere.The US Treasury and State Department imposed sanctions on a further six companies, based in Hong Kong, Singapore, and the UAE, for allegedly facilitating trade in Iranian oil and petrochemical products, the third round of blacklisting in the last two months.
that there is little it can do to revamp pumping along the pipeline as it continues to supply only 20% of nameplate capacity with only one turbine working. With the European Union still proposing new initiatives to breach the gap between the US and Iran, with Brussels submitting a new draft text on the JCPOA revival, Tehran said it is ready to set new talks provided they lead to a “sensible and stable” deal.
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