China’s natural gas storage capacity currently equals just 3.3 percent of the country’s demand for the commodity. This needs to change—and fast—if China is to succeed in its shift away from coal and oil to gas and avoid a repeat of the gas crunch that left several million homes without heating and electricity this winter. Source: Oil Price
Global debt hit its highest levels ever and governments should take actions to reduce their indebtedness while the going is still good, the International Monetary Fund said. Source: CNBC
A top Greek court ruled on Wednesday (18 April) that migrants landing on Greek islands should no longer be held there while asylum claims are assessed, a decision raising alarm among EU officials in Brussels. Source: Euractiv
Talks between Exxon Mobil (XOM.N) and Iraq on a multi-billion-dollar infrastructure contract have reached an impasse, Iraqi officials and two industry sources said, in a potential setback to the oil major’s ambitions to expand in the country. Source: Reuters
