IEA warns of a looming oil glut

If global oil demand growth continues to languish with uncertainties around the global economy and Brexit, the oil market will likely have to cope with another oversupply next year, according to the International Energy Agency (IEA).  “Unless other things change, we will see a surplus probably, unless there is very strong demand growth recovery,” Keisuke […]

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China may have created a huge opportunity for the oil & gas industry

China will remove the joint venture requirement for foreign companies wanting to enter its oil and gas industry as it moves to open up a range of industries as per a pledge it made during its continuing trade dispute with the United States. Bloomberg reports the Chinese National Development and Reform Commission had announced it would remove the joint […]

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Trade tensions and higher stocks add uncertainty to global cotton market

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The world cotton market faces continued uncertainty due to the escalating US-China trade war, with prices under additional pressure due to a projected increase in global stocks, the International Cotton Advisory Committee (ICAC) said in its latest monthly report. It said there is some hope that American and Chinese representatives might be able to de-escalate […]

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Global trade growth may slow down in the first half of 2019: WTO

Trade tensions, political risks and financial volatility will continue to pressure global trade, and trade weakness is likely to extend into the first quarter of 2019, the World Trade Organization (WTO) cautioned. The global trade watchdog’s latest World Trade Outlook Indicator (WTOI) was 96.3, the weakest since March 2010 and below the baseline value of […]

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