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
The United States has sanctioned the China’s state-run energy company Zhuhai Zhenrong Co Ltd for allegedly violating restrictions imposed on Iran’s oil sector, U.S. Secretary of State Mike Pompeo said in a speech on Monday. Source Reuters
“With almost no inflation, our Country is needlessly being forced to pay a MUCH higher interest rate than other countries only because of a very misguided Federal Reserve,” the president wrote on Twitter. Source Business Insider
An economist tapped by U.S. President Donald Trump for a governorship at the Federal Reserve called for a sharp interest rate cut at the central bank’s policy meeting next week, the Washington Post reported on Monday. Source Reuters
