FIS API Blog
OPEC+ is responding to the oil market’s collapse with an urgency never seen before. The alliance’s program of production cutbacks this month is well on the way to trimming 9.7 million barrels of daily crude output – roughly 10% of global supplies, according to tanker-tracking data, interviews with physical crude traders and refiners, and assessments …
Continue reading “OPEC+ battles to cut, investors bet to buy”
China’s statistics bureau releases industrial output data. Crude steel output in April rose 0.2% y/y to 85.03m tons Crude steel output in Jan.-April rose 1.3% y/y to 319.46m tons Steel products output in April rose 3.6% y/y to 107.01m tons Steel products output in Jan.-April fell 0.2% y/y to 374.39m tons Primary aluminum output in April rose 1.5% y/y to …
Continue reading “China April Crude Steel Output Rose 0.2% Y/y to 85.03m Tons”
China’s industrial output increased in April for the first time since the coronavirus outbreak, adding to early signs of a recovery that economists cautioned would be slow and challenging. Industrial output rose 3.9% from a year earlier, reversing a drop of 1.1% in March, data showed Friday. Fixed-asset investment decreased 10.3% in the first four …
Continue reading “China’s Industrial Economy Improves While Consumers Remain Wary”
Recovery Quickens as PBOC Vows Support Chinese industrial commodities began the week on the front foot after the central bank pledged more powerful policies to combat the coronavirus’s hammer blow to growth. The evidence of the past few days, from shrinking crude and metals stockpiles, to the rebound in car sales and usage, suggest that …
