ECONOMICS OF THE PANAMA CANAL EXPANSION
This coming Sunday, June 26, 2016 the Panama Canal Authority that operates the Panama Canal, will inaugurate the first expansion of the...
CHINA INCREASES ITS RUSSIAN OIL IMPORTS
China increased its imports of Russian oil to a record of 5.2 million tons in May — roughly 1.24 million barrels every day. The data...
OIL MARKET 2016: A BALANCING ACT
Saudi Arabia’s new energy minister Khalid Al Falih is in a quandary. On the one hand, still bloated global oil inventories that drove...
BRENT OIL PRICES DOWN BUT STILL STRONG MOMENTUM
Brent oil prices inched lower on Tuesday after hitting a seven-month high a day earlier, but the market momentum looked strong on a weak...
RUSSIA PLANS TO BOOST OIL PRODUCTION IN 2016
Russia is set to increase crude oil output by around 8 million tons or 185,000 bpd by then end of this year, according to the Russian...