U.S. Increases Firepower And Military Exercises Over South China Sea

 

 

 

 


On Thursday May 7th, two B-1B supersonic heavy bombers were reported cruising the skies to the northeast of Taiwan. According to Aircraft Spots, this was the fourth U.S.-led bomber mission in the Indo-Pacific region since the United States Airforce brought B-1 bombers back into rotation at Andersen Airforce base in Guam earlier this month. The previous three missions took place on May 1st, May 4th, and May 6th.

B-1 bombers can carry the largest conventional payload of both guided and unguided weapons in the U.S. Air Force. They were last deployed in the Indo-Pacific region in 2017 on missions to patrol over the East and South China Seas as a means of, “projecting U.S. airpower

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Precios del combustible buques

https://shipandbunker.com/prices

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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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 crisis

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