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16d06/30shipping-routes · 3/5

Oil Prices Head for Biggest Quarterly Drop Since Pandemic

As traffic through the Strait of Hormuz tentatively reopens following the U.S.-Iran deal to make a deal, oil prices on Tuesday were on track to post a 20% monthly decline and a 30% quarterly plunge in the biggest slump in a quarter since the pandemic-driven crash in prices. In the first quarter of 2020, Brent Crude prices plummeted by 65.5% as the world entered into lockdowns and road transport and industrial fuel demand crashed. The next steepest decline since then was registered in the quarter

unclassifiedmiddle-east · russia · usa
16d06/30

Philippine religious group challenges Marcos, seeks to shield senator over probe

Philippine President Ferdinand Marcos Jnr faced a stern challenge on Tuesday after the influential Iglesia ni Cristo (INC) religious movement staged a protest on Metro Manila’s busiest highway to demand that the presidential palace stop going after one of its members, Senator Rodante Marcoleta. The rally at Edsa – the highway where a 1986 people power uprising helped topple Marcos’ father, who was the country’s long-time dictator – has raised the stakes of a looming criminal case involving...

unclassifiedchina · asia
16d06/30

Nvidia to boost its China robotics team amid emergence of physical AI

US chip giant Nvidia is ramping up a talent drive for its robotics team in China, a market whose vendors account for the lion’s share of global shipments. The Silicon Valley firm is recruiting for more than a dozen roles across Beijing, Shanghai and Shenzhen, according to a post on its official WeChat account on Monday. The positions span four key domains: embodied intelligence, simulation, implementation and solutions. Nvidia said its robotics team planned to build a “leading robotics platform.

unclassifiedchina · asia
16d06/30war-conflict · 3/5

Asia’s Crude Imports Remain Well Below Pre-War Levels

Despite a slight recovery from May, Asia’s crude oil imports remain at multi-month lows in June amid constrained Middle Eastern flows and high prices for alternative supply. Asia’s crude oil imports in the three months before the Iran war started on February 28 averaged as much as 26.79 million barrels per day (bpd), according to estimates by Reuters columnist Clyde Russell. In contrast, the expected crude imports in June are at just 20.71 million bpd, per Kpler data cited by Russell. These woul

unclassifiedmiddle-east · russia · usa
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