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Wednesday, December 18, 2024

November 20, 2020

JPMorgan becomes first major bank to say first-quarter GDP will decline because of Covid surge- oil and gas 360

JPMorgan becomes first major bank to say first-quarter GDP will decline because of Covid surge

November 20, 2020

CNBC JPMorgan economists now see an economic contraction in the first quarter due to the spreading coronavirus and related restrictions being imposed by states and cities. The new forecast is a departure from Wall Street’s widely held view that the first quarter would be positive, with an improving economy throughout 2021. The JPMorgan economists said they expect the economy to

Saudi Arabia and Russia in tight race to become China's top oil supplier in 2020- oil and gas 360

Saudi Arabia and Russia in tight race to become China’s top oil supplier in 2020

November 20, 2020

Reuters SINGAPORE  – Saudi Arabia and Russia are in a tight race to become China’s top oil supplier in 2020, with both countries boosting crude exports to the economic powerhouse even as the coronavirus pandemic hit global demand for oil this year. Saudi Arabia, which was China’s top supplier last year, has exported between 1.6 million and 1.7 million barrels

Transatlantic diesel arrivals in U.S. surge to record in November- oil and gas 360

Transatlantic diesel arrivals in U.S. surge to record in November

November 20, 2020

Reuters LONDON – Arrivals of diesel and gasoil from Europe and the Baltics regions to the United States northeast coast have surged to a record high so far in November, according to data analytics firm Vortexa. Preliminary November arrivals to PADD 1, the U.S. Atlantic Coast region stretching from Maine to Florida, were pegged at over 102,000 barrels per day

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