Posted inAT Finance, China, Hong Kong, Macau, Middle East, Singapore, Taiwan, Turkey, World

The price of freight in China: OPEC or the Chinese New Year?

Recently, for the first time in eight years, OPEC decided to cut oil output by about 1.2 million barrels a day. It is also confident of soon securing a commitment from some non-OPEC countries to cut about 600,000 barrels a day. This in a concentrated effort to combat the increased supply of oil, which has pushed prices […]