03:23 PM @ 19/05/2022
A slew of economists have cut their forecasts for China’s full-year economic growth in recent days after the country reported worse-than-expected data for April while still signaling that its tough anti-Covid curbs aren’t going anywhere.SEE MORE02:48 PM @ 19/05/2022
Canadian fertilizer producer Nutrien announced it is evaluating Geismar, Louisiana as the site to build the world’s largest clean ammonia facility, which it estimates could achieve output of 1.2m tonnes/year.SEE MORE02:38 PM @ 19/05/2022
Japan’s chemical exports rose by 8.5% year on year to yen (Y) 1,036bn in April but overall trade remained at a deficit following a jump in imports, official data showed on Thursday.SEE MORE11:01 AM @ 18/05/2022
Russia’s crude oil production plunged by almost 9 percent in April to average just 9.16 million barrels per day (bpd), more than 1 million below the country’s quota in the OPEC+ deal, Reuters reported on Tuesday, quoting an internal report of OPEC+ secondary sources it had seen.SEE MORE10:56 AM @ 18/05/2022
Oman occupies an extraordinarily significant geographical position in the world and thus is of equally significant political importance to the two global power blocs: the U.S. and its allies on the one hand, and the China-Russia axis and its allies on the other. The Sultanate has long coastlines along the Gulf of Oman and along the Arabian Sea, away from the extremely politically sensitive Strait of Hormuz, through which passes at least one third of the world’s crude oil supplies. These coastlines offer largely unfettered access to the markets of South Asia, West Asia, and East Africa, as well as to those of its neighbors in the Middle East.SEE MORE
