Tag: Societal Zero Covid

Oil Declines to Lowest Level Since March Following IEA Announcement, Lockdowns in China, and Strengthening Dollar

Oil settled lower for a third straight session supported by the news of a coordinated effort by member states of the International Energy Agency (IEA) to release 60 million barrels into the global marketplace, renewed lockdowns in power-hungry China, indecision in Europe, and a strong dollar. Brent started April 6 trading at $106.16, and dropped…


Xi’an Has Been Removing Residents From the City to Achieve ‘Societal Zero COVID’

Amid the recent flare-up of COVID-19 cases since Dec. 9, 2021, Xi’an, the capital city of China’s northwestern Shaanxi Province, has been imposing harsh lockdown measures in an effort to bring down the cases. The city, which has a population of 13 million, was locked down abruptly on Dec. 23, 2021. Initially, one member from…