High-seas energy fight off Malaysia draws U.S. and Chinese warships

 

 

 

ASIA PACIFIC / POLITICS

 

BLOOMBERG

 
 

Malaysia’s push to explore energy blocks off its coast has turned into a five-nation face-off involving U.S. and Chinese warships, raising the risk of a direct confrontation as broader tensions grow between the world’s biggest economies.

The episode began in December, when Malaysia’s state-run energy giant Petroliam Nasional Bhd. contracted a vessel to explore two areas in the South China Sea in its extended continental shelf. Those waters are also claimed by Vietnam and China, which immediately sent ships to shadow the boat.

 

 

The situation took a turn

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Oil hits lowest this century as coronavirus crisis hammers demand; lockdowns to cut fuel demand steeply

 

 

 

Business Reuters 

London: Oil slumped to less than $16 a barrel on Wednesday, hitting its lowest since 1999, with the market awash with excess supply as the economic fallout from the coronavirus pandemic hammers demand for fuels.

A glut has been building since OPEC+, led by Saudi Arabia and Russia, failed to renew output cuts last month.

OPEC+ agreed new curbs this month, but government lockdowns to contain the pandemic have cut fuel demand more steeply.

Brent crude, which fell 24 percent in the previous session, touched $15.98 a barrel, its lowest since June 1999. It was trading down 62 cents, or 3.2 percent, at $18.71.

Representational image. Reuters

US West Texas Intermediate was down 60 cents, or

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Rusia pide un nuevo acuerdo de la OPEP ampliada para enfrentar el colapso en la demanda de petróleo

Han acordado reducir su oferta petrolera en un 23% ante la crisis en el sector causada por la pandemia de la covid-19.

La luna llena se eleva sobre la refinería de petróleo de Gazprom Neft en Omsk, Rusia. REUTERS / Alexey Malgavko

MADRID

10/04/2020 13:29 ACTUALIZADO: 10/04/2020 17:53

AGENCIAS

México se ha sumado oficialmente al acuerdo alcanzado por la OPEP+ para reducir la producción mundial de petróleo crudo, después de pactar con Estados Unidos que este país asuma una parte significativa de la cuota de ajuste originalmente asignada al país azteca, que limitará así a 100.000 barriles diario su recorte de oferta, según ha anunciado el presidente mexicano, Andrés Manuel López Obrador.

En una conferencia de prensa, López Obrador ha informado de que en una conversación telefónica con su homólogo estadounidense, Donald

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Oil crisis

https://www.nytimes.com/2020/04/20/business/stock-market-live-trading-coronavirus.html

How to decarbonize shipping without spending billions

 

 

 

 

https://www.weforum.org/agenda/2020/03/decarbonizing-shipping-without-spending-billions/

 

 

Digital technology can drive enormous efficiencies across the maritime freight sector

Image: REUTERS/Michael Kooren

13 Mar 2020

  1. Wajiha KhalidGlobal Shaper, Rawalpindi Hub & Programme Director Operations and Marketing, Cubex Global
  2. Sheikh Ahsan Ullah TariqGlobal Shaper, Rawalpindi Hub & CEO, Cubex Global

    

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