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Oil prices rise on potential China stimulus and drop in US crude stockpiles

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Oil prices rise on potential China stimulus and drop in US crude stockpiles

Oil prices have been on the rise recently as hopes for a Chinese economic stimulus and a weaker dollar have buoyed the market. With China’s economy showing signs of slowing down, investors have been waiting for the government to announce a new round of stimulus measures, which could potentially increase demand for oil. Additionally, a … Read more

Data shows Vietnam dispatches ship to monitor Chinese vessel enforcing control over Russian gas field in EEZ.

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Data shows Vietnam dispatches ship to monitor Chinese vessel enforcing control over Russian gas field in EEZ.

Tensions between Vietnam and China have once again escalated as Vietnam announced the deployment of a ship to track a Chinese vessel patrolling a Russian gas field within Vietnam’s exclusive economic zone (EEZ). This move comes amid increasing disputes between the two countries over territorial claims in the South China Sea. With geopolitical tensions on … Read more