WTO expects global trade to sink by at least 13% this year; oil demand are down 50% year-on-year; economists expect 25% decline in U.S. GDP in Q2.
Coronavirus impacts oil demand growth; electric cars have lesser emissions than 50 mpg cars; delivery companies lose $6 billion annually on inaccurate mapping.
Ben Thrower writes about recent changes in Mexico’s oil policies and how they may harm the country.
Brian Aoaeh writes about changes in the energy/fuel mix over the next 30 years in developed and developing economies.
Growth of developing countries is disrupting trade flow; logistics job openings trump available workers; Starbucks is experimenting with blockchain for coffee supply chain traceability.
It was a great week if you are an oil buyer, but if you produce it, it was one to forget as oil prices break substantially below $50.
Majority of the U.S. shale oil producers are showing negative cash flow in 2018; Subaru is recalling 400,000 cars due to faulty engine part; U.S. factory orders increase more than expected in September.
Cutbacks dating back to 2015, strong economic growth and problems in a lot of producing countries have brought the oil market to this point.
Oil, which helped drive a rally for stocks Wednesday, began pulling back ahead of U.S. supply data.
Oil prices have stabilized after a month of volatility, but Iran pulling out of the nuclear deal is still a possibility, as European oil companies and banks are unwilling to buy oil from the country in the wake of perceived sanctions.
