High Alert
Al Jazeera

Oil prices, stocks surge as Hormuz closure drags on

US petrol prices dropped nine cents last week but could again surge if the strait closure continues, analysts warn.

This is a short WorldPing brief. The full report was published by Al Jazeera.

Read the full report at Al Jazeera

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Beijing’s billion-barrel weapon: Why India must prepare for China-driven oil pricesWorldPing
Times of India

Beijing’s billion-barrel weapon: Why India must prepare for China-driven oil prices

China has accumulated as much as 1.4 billion barrels in strategic and enterprise-controlled inventories, according to a new RAND study. That is more than three times the roughly 413 million barrels held in the US government’s Strategic Petroleum Reserve.

Brief by WorldPing · Original reporting by Times of India