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即时观点:基数致中国4月工业、投资和消费增速回落 政策基调料不变

即时观点:基数致中国4月工业、投资和消费增速回落 政策基调料不变
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Deep-freeze issues still lingering

Deep-freeze issues still lingering FacebookTwitterEmail FILE Steam and fog rise from the Total refinery in Port Arthur, Texas on Dec. 21, 2020.Brandon Thibodeaux/NYT (Bloomberg) Texas’s refining complex is mostly back from last month’s crippling cold blast, but lingering freeze-related issues continue to plague a number of production units. More than six weeks after the Arctic storm took down at least 18 of the state’s 30 refineries, and almost 5 million barrels a day of crude-processing capacity, two of the plants still haven’t restored operations. But at a number of sites, equipment ranging from fluid catalytic crackers to crude units are still struggling. It’s an old story: Refineries don’t respond well to being restarted after unplanned total shutdowns, be it from winter storms, hurricanes or flooding.

For climate progressives, Biden s $2 25 trillion isn t enough

For climate Progressives, Biden s $2.25 trillion isn t enough Leslie Kaufman and Brian Eckhouse, Bloomberg April 1, 2021 FacebookTwitterEmail President Joe Biden delivers a speech on infrastructure spending at Carpenters Pittsburgh Training Center, Wednesday, March 31, 2021, in Pittsburgh.Evan Vucci/AP (Bloomberg) As a candidate, Joe Biden garnered nearly unanimous support from environmentalists, progressives, and clean energy advocates for his promise to reconfigure the U.S. economy for the fight against climate change. But as president, his $2.25 trillion jobs-and-infrastructure blueprint released Wednesday and meant to fulfill much of that campaign pledge received a much less harmonious welcome. “Today I find myself caught between two truths,” said Varshini Prakash, executive director of the youth climate activist group the Sunrise Movement. “This infrastructure plan is a historic step forward that would not have been possible without us,” she said, referring t

Oil climbs for 7th-straight session

Oil climbs for 7th-straight session Bloomberg FacebookTwitterEmail Offshore drilling rigs in the North Sea.Simon Dawson/Bloomberg Oil continued its advance for the seventh straight session on expectations of a strong rebound in demand and as as the dollar weakened. Futures in New York climbed to above $58 a barrel, the highest since January 2020 after a choppy trading session Tuesday. The nearest Brent contract sharply widened its premium to the following month, pointing to supply tightness, with inventories shrinking globally and amid expectations of further supply declines in the U.S. A weaker U.S. dollar is boosting the appeal of commodities priced in the greenback.

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