Article Hero

US oil under threat

1630312999.png
Miguel A. Rodriguez
Miguel A. Rodriguez
30 August 2021
Bank of Japan warns of global impact from chip shortage, Asian factory closures.
  • Hurricane Ida made landfall near Port Fourchon, land base for the Louisiana Offshore Oil Port (LOOP), the largest privately-owned crude terminal in the United States.
  • Bank of Japan: the #semiconductor shortage may persist for the rest of 2021 if lockdowns keep Southeast Asian factories shut
  • China's #FX market jumped to 21.32 trillion yuan or $3.29 trillion in July, up from 20.33 trillion yuan in June.

disclaimers_articles

article_share_title

article_rating_title

awful
ok
great
awesome

read_more

Miguel A. Rodriguez
Miguel A. Rodriguez
financial_writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.