Oil Plummets As NATO Mulls Hormuz Deployment If Strait Not Open By July

According to the Wall Street Journal, the US is currently removing its forces from Syria. American forces occupied large parts of Syria for over a decade.  Three officials told the outlet that the 1,000 soldiers in Syria were in the process of withdrawing. The officials claimed that the decision to remove troops from Syria is […]

China's Car Sales Slump As Gasoline Demand Craters Authored by Irina Slav via OilPrice.com, Chinese car sales in China fell by 21.5% in April, driven by lower demand for gasoline-powered vehicles amid higher fuel prices. EV demand failed to offset the drop in internal combustion engine vehicle sales, as well. According to Bloomberg data, total car sales in China last month hit 1.4 million. This was the lowest since 2022, when China was still in the grip of Covid lockdowns. Internal combustion engine car sales suffered a decline of over 30%, while EV and...