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Red Sea danger leads global oil buyers to switch markets
Bloomberg News, Published on 05/02/2024
» NEW YORK - The global oil market is looking increasingly local as militant attacks in the Red Sea and surging freight rates make supplies from closer to home more attractive.
Dry soil to curb Asia's early 2024 rice output, pressure supply
Bloomberg News, Published on 01/12/2023
» SINGAPORE - Asian off-season rice production is poised to take a hit as dry planting conditions, shrinking reservoirs and forecasts for continued El Niño weather are set to reduce early 2024 yields, further tightening supplies and spurring food inflation.
Asia factories cope with high costs amid war
Bloomberg News, Published on 01/11/2023
» JAKARTA - Manufacturing activity in Asia slumped again in October as conflict in the Middle East drove oil prices higher, costs rose and global demand remained under pressure.