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Historic oil glut amassed during pandemic almost gone

Historic oil glut amassed during pandemic almost gone The unprecedented oil inventory glut that amassed during the coronavirus pandemic is almost gone, underpinning a price recovery that’s rescuing producers but vexing consumers. by Bloomberg © Photographer: Daniel Acker/Bloom Oil storage tanks in Cushing, Oklahoma. Photographer: Daniel Acker/Bloomberg Register here for the Energy Voice daily newsletter, bringing you key news and insight from across the global energy landscape. Thank you for signing up to our newsletter. Something went wrong - please try again later. Sign Up The unprecedented oil inventory glut that amassed during the coronavirus pandemic is almost gone, underpinning a price recovery that’s rescuing producers but vexing consumers.

Bangkok braces for another Covid-19 wave

BANGKOK, 7 April 2021: Less than a week before Thailand celebrates its annual Songkran water festival, Bangkok is shuttering 196 entertainment venues for two weeks following a new surge in coronavirus cases at the weekend. The country’s public health authorities confirmed 194 new cases on Monday, of which 182 were local infections and 12 from overseas. More than 40 of the local cases came from nightlife districts such as Thonglor, a lane off Sukhumvit Road’s popular golden mile lined with five-star hotels. Photo: Taylor Weidman/Bloomberg. Restaurants and entertainment venues will close initially in three districts of the Thailand capital; Wattana, Klong Toey and Bang Khae.

Armenians to Get Gas Via Azerbaijan for First Time in 30 Years

Armenians to Get Gas Via Azerbaijan for First Time in 30 Years Bloomberg 4 days ago Zulfugar Agayev © Bloomberg Signage for the State Oil Co. of the Azerbaijan Republic (SOCAR) is displayed atop of a building in Baku, Azerbaijan, on Sunday, March 18, 2018. Two years after descending into junk, Azerbaijan s shortest path to winning back its investment grade is by rebuilding the stash of petrodollars it raided during a recession and a banking meltdown, according to Fitch Ratings. Photograph: Taylor Weidman/Bloomberg (Bloomberg) Gazprom PJSC will export natural gas to Armenia via Azerbaijan for the first time in almost three decades as the former Soviet neighbors work to reopen communication links following last year’s war.

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