According to data published by the United Nations Statistics Division, China accounted for 31 percent of global manufacturing output in 2022. As Statista’s Felix Richter shows in the chart below, that puts the country almost 15 percentage points ahead of second-placed United States, which used to have the world’s largest manufacturing sector until China overtook...Continue Reading

Kuwait’s Economy Struggles as Oil Production Cuts Persist | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Related News By Alex Kimani – Dec 09, 2024, 12:30 PM CST The International Monetary Fund (IMF) has predicted that Kuwait’s economy will remain in a recession due...Continue Reading

California’s fuel market, where gasoline prices have been consistently higher than the national U.S. average, has seen multiplying challenges in recent years, which resulted in new state legislation and an announcement of a refinery closure in October, the Energy Information Administration (EIA) said in an analysis on Monday. As of December 9, the average U.S....Continue Reading

Explosion at Eni Fuel Depot Near Florence Kills Two and Injures Nine | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Dec 09, 2024, 10:30 AM CST An explosion and fire at a fuel depot owned by energy major Eni near Florence, Italy, killed on Monday...Continue Reading

Oil prices climbed by more than 1% on Monday after China unveiled plans to adopt its first loosened monetary policy stance since 2010 as it looks to boost economic growth. Brent crude for February delivery was up 1.52% to trade at $72.21 per barrel at 10.00 am ET while the WTI crude January contract gained...Continue Reading

Germany’s Power Prices Rise as Market Tightens | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Dec 09, 2024, 9:30 AM CST Germany’s power margin, the available electricity supply to meet demand, is set to drop this week to the lowest level so far this winter,...Continue Reading

Iran’s Uranium Enrichment Surge Sparks International Concern | OilPrice.com RFE/RL staff RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many… More Info Premium Content By RFE/RL staff – Dec 09, 2024, 9:00 AM CST Iran is significantly increasing its...Continue Reading

BP Merges Offshore Wind Business in $5.8 Billion Joint Venture With JERA | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Dec 09, 2024, 8:30 AM CST BP has decided to...Continue Reading

Kuwait’s Oil Firm Looks to Boost Indonesia Offshore Exploration | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Dec 09, 2024, 7:30 AM CST Kuwait Foreign Petroleum Exploration Company (KUFPEC) plans...Continue Reading

Equinor Exits Nigeria and Azerbaijan With $2 Billion of Asset Sales | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Dec 09, 2024, 6:30 AM CST Equinor has exited the upstream...Continue Reading