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by Bloomberg |Monday, March 01, 2021 From trading houses in Geneva to Wall Street banks, much of the oil world agrees that global markets could use some more barrels. The big question is whether OPEC+ will provide enough of them. (Bloomberg) -- From trading houses in Geneva to Wall Street banks, much of the oil world agrees that global markets could use some more barrels. The big question is whether OPEC+ will provide enough of them. A crude glut that piled up during the pandemic is vanishing fast. Global inventories are plunging at the steepest rate in two decades, according to Morgan Sta...

With the need for more oil supply evident, traders expect the OPEC+ coalition, led by Saudi Arabia and Russia, will agree to increase crude production when it meets on March 4, reversing some of the output cuts made last year. But it’s unclear if the group will act vigorously enough.

Out with the old, in with the new! The Lunar New Year is all about ushering in luck and prosperity with family. Celebrated by more than 1.5 billion people each year, the holiday is rich in tradition and meaning, which vary from culture to culture. Read on to learn more! What is the Lunar New Year? The Lunar New Year is a holiday that marks the first new moon of the lunisolar calendar, which is the calendar traditionally used in many east Asian countries including China, Vietnam, Singapore and South Korea. In these and other Asian countries, it is one of the most important...

Share A Lunar New Year celebration performance. Photo courtesy of the Freer Gallery of Art and Arthur M. Sackler Gallery, the Smithsonian’s National Museum of Asian Art. Like many events and traditions this year, celebrations for the Lunar New Year are moving online. Due to concerns of Covid-19, the Chinese Consolidated Benevolent Association will not be holding its annual Chinese Lunar New Year parade.  However, those looking to celebrate a holiday rooted in ushering in luck and good fortune for the coming year—something we’re all looking for right now—can still partake in virtual...

The alliance of producers led by Saudi Arabia and Russia must decide whether it can continue to restore crude supplies without capsizing the price recovery they spent most of 2020 working to achieve.