MADRID / WAM Covid-19 has placed the whole world on lockdown, with new research from the United Nations World Tourism Organisation (UNWTO) showing that 100 percent of global destinations continue to have restrictions on travel in place, and 72 percent have completely closed their borders to international tourism. From the start of the crisis, the United Nations specialised agency for …

Bloomberg The great oil glut of 2020 may have already peaked in the world’s biggest crude importer. Crude inventories in China have shrunk in recent weeks after rising to record levels, according to analysts and satellite observations. Supplies have been drawn out of storage as refineries ramp up operations to meet rising demand from an economy emerging from lockdown. Inventories …

Bloomberg An indicator of China’s coal demand surged almost one-third above last year as hotter-than-usual weather and factories rushing to make up for lost orders boosted power demand. Coal use by coastal power plants at five major utilities rose for an eighth straight day to 577,100 tons as of Monday, more than 30% higher than the same period last year …