It was always likely to come down to fish, and even the final hours were occupied by cod and mackerel. After nine months of bartering, British Prime Minister Boris Johnson could declare…
Month: January 2021
Freight Boom Fires Buffett Trains, Maersk Ships and Oil Prices
(Bloomberg) — A great global restock is at hand, filling ships, trucks and trains, and also firing oil demand. During the depths of China’s coronavirus crisis at the start of the year,…
Qatar Airways allowed to reroute some flights through Saudi airspace
Qatar Airways on Thursday said it had started rerouting flights through Saudi Arabian airspace. “This evening, Qatar Airways began to reroute some flights through Saudi airspace,” Qatar’s national carrier tweeted, adding the…
Tesla market value tops $700bn for first time
ew York: Electric carmaker Tesla closed trading on Wednesday with a market value topping $700 billion for the first time. The latest surge means the company is worth more than General Motors, Ford, Toyota,…
Exxon Signals Historic Fourth Consecutive Loss on Demand Hit
(Bloomberg) — Exxon Mobil Corp., which is struggling to maintain a $15 billion-a-year dividend program, indicated it incurred a fourth straight quarterly loss. Exxon confirmed in a filing Wednesday it will take…
The Cleanest Fossil Fuel Is Set for a Post-Pandemic Rebound Read more at: https://www.bloombergquint.com/global-economics/lng-is-back-on-path-to-global-dominance-after-pandemic-pause Copyright © BloombergQuint
(Bloomberg) — Liquefied natural gas traders anticipate a swift demand recovery in 2021 after a year in which the coronavirus pandemic prompted dramatic price swings. Colder weather in key importing nations, outages…
Eskom Bailout Emerging as Equity Swap by Biggest Bondholder
South Africa’s biggest pot of available cash — 1.91 trillion rand ($128 billion) of civil-servant pensions and unemployment funds managed by the Public Investment Corp. — is emerging as the key to rescuing the…
OPEC+ Treads a Narrow Path as Demand Outlook Weakens Again
Producers need to maintain supply restraint amid a sluggish recovery if they’re to shrink stockpiles The light at the end of the tunnel isn’t getting any closer for OPEC and allied oil-producing countries, as…
U.S. petroleum stocks nearing normal after wild 2020
Total stocks of crude and products, excluding oil stored in the strategic petroleum reserve, ended the year 6% above the seasonal average for the previous five years, down from a surplus of…