Russia’s oil refinery rates have slumped this month by 380,000 barrels per day (bpd) compared to December levels as several refineries are under repairs after being hit by Ukrainian drone attacks. Russian refinery rates slipped to 5.16 million bpd in the second week of February, a source familiar with industry data told Bloomberg on Monday.…
Chinese Premier Li Qiang, on Sunday, met with Malaysia’s Prime Minister Datuk Seri Anwar Ibrahim in Nanning, the capital of south China’s Guangxi Zhuang Autonomous Region. Li expressed China’s willingness to enhance the synergy of Malaysia’s development strategies with its own, and to continue working together to build a high-quality Belt and Road and the…
Chicago corn and soybean futures edged higher on Friday, with bargain-buying lifting prices after both markets dropped to their lowest levels in three years, although plentiful supplies arelikely to limit gains. Wheat rose for a second session on supply concerns as potential U.S. sanctions against top global wheat exporter Russia could hit flows. “As has…
American progressives who join international supporters in praising the promotion of “sustainability,” along with other causes, are turning a blind eye to the harm that their policies are currently causing in American agriculture, according to farmers who spoke to Fox News. The FFA and other nationwide organizations are thriving, and state-level events such as the…
Back in the middle of 2023, the International Energy Agency reported that electricity demand is on the decline in advanced economies. The IEA said at the time that demand for electricity in the U.S. alone was set to drop by 2% in 2023. Instead, demand is surging. And warnings of blackouts are multiplying. This weekend,…
All eyes are on the Fed ahead of its June policy meeting. As the Federal Reserve’s Federal Open Market Committee (FOMC) meeting approaches on June 11th to June 12th, concerns about a potential stock market downturn are growing. The impact of persistently high interest rates on the economy has experts and analysts on edge, eagerly…
China’s Zhejiang province has brought in its first shipment of thermal coal from Kazakhstan, state media reported on Monday, as the east-China manufacturing hub scouts for new sources of supply amid a nation-wide coal shortage and record prices. The 136,000-tonne shipment of 6,000-calorie premium quality coal was being discharged at Liuheng terminal after a 30-day…