But they marked a lasting inflection point in the development of the oil market and almost all the changes were adverse to OPEC in the long run. Following the oil shocks, global oil consumption grew more slowly while non- OPEC production rose more rapidly. OPECs responsibility for the shocks remains debatable: the market was on an unsustainable trajectory...
LONDON, Oct 16- Saudi Arabia is unlikely to employ its so-called "oil weapon" in the diplomatic crisis over the disappearance of a journalist after visiting the countrys consulate in Istanbul. Experience from the last time Saudi Arabia tried to use oil sales as a diplomatic instrument in 1973/ 74 shows such action does not work and the kingdom itself would be the...
Oct 15- President Donald Trump's administration is considering using West Coast military facilities to export coal and natural gas to Asia, according to an Associated Press report on Monday, citing U.S. Department of Interior Secretary Ryan Zinke. The move would help fossil fuel producers ship their products to Asia and circumvent environmental concerns in...
Oct 15- The Trump administration is considering using West Coast military facilities to export coal and natural gas to Asia, according to an Associated Press report on Monday citing U.S. Department of Interior Secretary Ryan Zinke. The move would help fossil fuel producers ship their products to Asia and circumvent environmental concerns in...
Alaska Republican party leaders plan to consider whether to reprimand U.S. Sen. Lisa Murkowski for opposing Supreme Court Justice Brett Kavanaugh's confirmation.
Two key senators, one Democrat and one Republican, voted against their parties in a dramatic showdown on the floor of the Senate on the question of whether to advance Supreme Court nominee Brett Kavanaugh to a confirmation vote this weekend.
*Russia hopes it will become new " Suez Canal". COPENHAGEN, Aug 24- A Maersk vessel loaded with Russian fish and South Korean electronics will next week become the first container ship to navigate an Arctic sea route that Russia hopes will become a new shipping highway. The decision by Maersk, the world's biggest container shipping group, to test out the route is a...
*Russia hopes it will become new " Suez Canal". COPENHAGEN, Aug 24- A Maersk vessel loaded with Russian fish and South Korean electronics will next week become the first container ship to navigate an Arctic sea route that Russia hopes will become a new shipping highway. The decision by Maersk, the world's biggest container shipping group, to test out the route is a...
Whale watchers in Southeast Alaska got the surprise of a lifetime, KTUU TV reported on Wednesday.
WASHINGTON/ LONDON, Aug 16- Hackers operating from an elite Chinese university probed American companies and government departments for espionage opportunities following a U.S. trade delegation visit to China earlier this year, security researchers told Reuters. Cybersecurity firm Recorded Future said the group used computers at China's Tsinghua...
WASHINGTON/ LONDON, Aug 16- Hackers operating from an elite Chinese university probed American companies and government departments for espionage opportunities following a U.S. trade delegation visit to China earlier this year, security researchers told Reuters. Cybersecurity firm Recorded Future said the group used computers at China's Tsinghua...
SEWARD, Alaska, Aug 12- Alaska fishermen are used to coping with fickle weather and wild ocean waves. If the tariff war continues, she said, Whats going to happen is China is just going to stop buying Alaska fish. Fishermen are worried, said Alan Noreide, a fisherman in the Alaska port town of Seward, where he delivers some of his catch to the local Icicle Seafoods plant, an...
China included LNG for the first time in its list of proposed tariffs on Friday, the same day that its biggest U.S. crude oil buyer, Sinopec, suspended U.S. crude oil imports due to the dispute, according to three sources familiar with the situation. On Friday, China announced retaliatory tariffs on $60 billion worth of U.S. goods, and warned of further measures,...
MELBOURNE/ TOKYO, July 27- Australia's tropical city of Darwin wants to establish itself as a world-scale energy export hub, building on its closeness to demand centres in Asia and abundant nearby natural gas resources. The city will vie with projects from Alaska to Qatar that will beef up global LNG supply from 2022 onwards to meet growing demand in Asia, the...
President Donald Trump accused China on Wednesday of targeting American farmers in a "vicious" way and using them as leverage to get concessions on trade a day after the administration announced a $12- billion farm aid package. China and other top U.S. trade partners zeroed in on American farmers with retaliatory tariffs after the administration imposed...
President Donald Trump accused China on Wednesday of targeting American farmers in a "vicious" way and using them as leverage to get concessions on trade a day after the administration announced a $12 billion farm aid package. China and other top U.S. trade partners zeroed in on American farmers with retaliatory tariffs after the administration imposed...
President Donald Trump accused China on Wednesday of targeting American farmers in a "vicious" way and using them as leverage to get concessions on trade a day after the administration announced a $12 billion farm aid package. China and other top U.S. trade partners zeroed in on American farmers with retaliatory tariffs after the administration imposed...
President Donald Trump accused China on Wednesday of targeting American farmers in a "vicious" way and using them as leverage to get concessions on trade. "China is targeting our farmers, who they know I love& respect, as a way of getting me to continue allowing them to take advantage of the U.S. China alone imported $12.3 billion of U.S. soybeans last year, according to...
HOUSTON, July 18- An Aframax tanker is scheduled to deliver the largest shipment of crude oil from Vancouver to China since January 2015 later this month, Thomson Reuters trade flow data show. That makes Canadian crude exports from Vancouver to Asia rare, but shipments have picked up in recent months, with oil tankers to China, Thailand and South Korea departing in...
HOUSTON, July 18- An Aframax tanker is scheduled to deliver the largest shipment of crude oil from Vancouver to China since January 2015 later this month, Thomson Reuters trade flow data show. That makes Canadian crude exports from Vancouver to Asia rare, but shipments have picked up in recent months, with oil tankers to China, Thailand and South Korea departing in...
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