Oil Crushed By Market Meltdown
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- Published on Tuesday, 06 February 2018 21:12
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https://oilprice.com/Energy/Energy-General/Oil-Crushed-By-Market-Meltdown.html
By Tom Kool - Feb 06, 2018, 2:00 PM CST
The recent crash in the financial market has well and truly brought an end to the oil price rally, seriously hurting energy stocks in the process.
- China surpassed the U.S to become the world’s largest oil importer in 2017, averaging 8.4 million barrels per day (mb/d) of imports compared to just 7.9 mb/d for the U.S. China had already become the largest importer of petroleum and other liquid fuels in 2013.
- China’s demand continues to rise, but its imports are also elevated by China continuing to fill up its strategic petroleum reserve. Domestic oil production also fell sharply, accentuating China’s import dependence.
- Higher U.S. crude oil
Oil majors’ misery shows what the market is worried abo
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- Published on Tuesday, 06 February 2018 19:20
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Photo: Reuters/Andy Buchanan
REAL-TIME INTEL ON WHAT MOVES MARKETS
Oil majors’ misery shows what the market is worried about
A 'capital light' recovery has left the US economy with a backlog of capital spending; companies now have to play catch up
By DAVID P. GOLDMAN FEBRUARY 6, 2018 5:00 AM (UTC+8)
The worst performer on the Dow-Jones Average at close on Monday was Exxon Mobil, which already had taken a beating last week after it reported disappointing earnings. Today’s price decline of 5.69% brings the three-day decline in the stock to more than 10%. Exxon isn’t the only disappointing performer, to be sure, but it’s a poster child for market fears.
Source: Bloomberg
Exxon cut its capital spending from about $35 billion during
Do not fear China’s Arctic takeover
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- Published on Tuesday, 06 February 2018 07:13
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Bloomberg
This article first appeared in The Edge Financial Daily, on February 2, 2018.
The Polar Silk Road will support China’s investments in container shipping companies, ports and other forms of intermodal container transport along the modern-day Silk Road, which has strengthened the country’s grip on trade by connecting it by land and sea to Southeast Asia, Pakistan and Central Asia, and beyond to the Middle East, Europe and Africa.
LAST week, China said it plans to build a “Polar Silk Road” that will open shipping lanes across the largely pristine region at the top of the world. It is an ambitious idea for a country that lacks an Arctic border, and it has raised
The Royal Canadian Navy: Facing Rough Seas
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- Published on Saturday, 03 February 2018 23:11
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Policy Paper
by Rob Huebert
Canadian Global Affairs Institute Fellow
January, 2016
Table of Contents
Canadian Global Affairs Institute
Executive Summary
Recently the Royal Canadian Navy (RCN) has received significant media attention, much of it negative. This has been caused by a series of mishaps that have highlighted some of the very serious challenges that the Navy is facing. The fire aboard HMCS Protecteur, which ultimately resulted in the retirement of both of the Canadian replenishment vessels, along with two of the three remaining Destroyers, have brought a significant amount of negative attention to the RCN.
There are serious questions being asked about the future direction that the Navy will move in as difficult decisions