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Breaking Stories

The IEA Oil Market Report (OMR) is one of the world's most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for IEA and selected non-IEA countries.

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In light of COVID-19, the Marshall Islands has adopted a regulation permitting shareholders to participate remotely in shareholder meetings, including annual shareholder meetings. Under this new regulation, Marshall Islands corporations now have the flexibility to elect to hold a “hybrid” meeting, which is held at a physical location but also allows remote participation by shareholders, or an entirely virtual meeting.

“Shareholders or proxyholders shall be deemed present at and may participate and vote at such meetings “by means of remote communications”, even if not physically in attendance.”

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The coronavirus crisis has heightened inequities of food availability and nutrition. A 2021 Food System Summit aims to boost resilience and sustainability. 

The coronavirus crisis is deepening inequalities in accessing healthy food, the UN special envoy for food systems has warned.

As governments imposed trade and travel restrictions to curb the spread of Covid-19, global supply chains have been disrupted, hindering the distribution of food from farms to consumers largely concentrated in urban areas.

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The coronavirus lockdown has dealt a savage blow to Big Oil, at a time fears of climate breakdown call the whole basis of our energy system into question. 

Shell cuts its dividend for the first time since the second world war. Oil prices turn negative in the US. Supertankers of unwanted fuel stack up in the Singapore Strait.

The Covid-19 pandemic has scared the global economy to a standstill, slashing demand for the hydrocarbons that to this day are its main source of energy.

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