Municipal governments across China are trying to dissuade their unemployed citizens from becoming ride-hailing drivers, even though the low barrier to entry is appealing amid a weak job market. The latest warning came from Jingdezhen, a city known as the porcelain hub in southeastern Jiangxi province. The city’s transport authority on Monday said that “the […]
Tag: oversupply
Oil oversupply is keeping prices low, but the situation is about to flip, Occidental CEO says
Craig Hastings/Getty Images The narrative of the oil market will soon be flipped on its head, according to Occidental CEO Vicki Hollub. Oversupply will soon ease and the market will be undersupplies, sending prices upward. Oil could be in a new “supercycle,” Goldman Sachs analysts said recently. The oil market is about to do a […]