The price of crude continued to rise for a third day on Wednesday amid reports of a sharp drop in US stockpiles and expectations of a summer surge in fuel demand.
China’s domestic natural gas demand is set to grow faster this year, gaining 10 percent, Argus reports, citing state-owned energy majors PetroChina and Sinopec.
Aside from a disappointing stagflationary miss on ISM Manufacturing (and Buffett and Munger musings on inflation), the big headlines of today are in crypto where altcoins are screaming higher...
A lot of the economic data that came out last week looked pretty good. GDP growth came in big in the first quarter. Personal income rose by a record amount in March. The mainstream spun it all as positive, raving as if the economy is earning an ‘A.’
Verizon Communications is reportedly considering selling its media division which includes brands such as Yahoo! and AOL, according to people familiar with the matter.
Washington has signaled that Beijing is not doing enough to improve protection for American firms’ intellectual property rights, which was one of China’s commitments under the ‘phase one’ trade deal with the US.
