The global oil market faces an “untenable” surplus of about 3 million barrels a day, testing how much can be absorbed by China’s recent stockpiling drive, a major forecasting agency has warned. In its monthly oil market report on Thursday, the International Energy Agency boosted estimates for global oil demand this year and next, but…
I apologise for returning so soon to the subject of Hong Kong’s public finances. However, I still don’t think the population at large, and in particular, our Legislative Council members, have fully grasped the extent of our present difficulties. Part of the reason is a presentational issue. The operating account is reported on a cash…
Crude oil prices were set for their first weekly gain since late November on news that the U.S. was considering additional sanctions against Russia and Iran. The potential of such a move disrupting the supply balance lent upward momentum to prices. The latest report of fresh China stimulus measures meanwhile continued to support the benchmarks…