Militants on pickup vehicles attacked a logistics provide convoy headed to a US navy base in Iraq, forcing it to cease, received the native contractors out of the autos, and torched the vehicles, in response to native media studies. ...

Threats to grease delivery routes are nothing new to the oil market. It has endured Iran seizing tankers within the Strait of Hormuz, and it has endured Iran's repeated threats to shut this most necessary chokepoint on the planet. ...

Brent crude broke the $ 41 per barrel threshold for the primary time since early March, whereas US crude benchmark West Texas Intermediate (WTI) was up virtually two p.c on Friday forward of a gathering of main oil producers. ...

International commerce is more likely to “fall precipitously” within the first six months of this yr after the important thing commerce index hit document lows, the World Commerce Group (WTO) introduced on Wednesday. ...

Oil demand might rebound sufficient to exceed provide by the top of this month, Goldman’s head of commodities Jeffrey Currie instructed Barron’s Market Temporary. ...

The US desires to сut industrial and provide dependence on China amid rising tensions between the 2 powers. Nevertheless, not everybody is keen to pack their luggage and depart the profitable Chinese language market within the midst of the earlier row. ...

The world’s largest auto market, China, has suffered its largest month-to-month drop in passenger automotive gross sales because the nation battles with the coronavirus outbreak, which has disrupted manufacturing and provide chains. ...

Researchers checked out how scientists mannequin the vulnerability of karst formations across the Grand Canyon. They then created a brand new mannequin that may give land and water managers extra data to allow them to higher defend the water system.

Even when Russia and Ukraine had been to fail to achieve an settlement on the pure gasoline transit by means of Ukraine onto Europe, the safety of gasoline provide within the European Union (EU) won't be materially threatened. ...

The US has slapped new sanctions on Iran’s development trade, concentrating on a lot of “strategic” supplies – like metal tubes and foil – and ensuring the MSM amplify their imprecise hints of nuclear weapons and terrorism hyperlinks. ...