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Epic battle of oil market giants: Who will win?

  
  Analysis
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The tug of war for power in the oil market

IF 1
Once upon a time, lived a very powerful person who decided that he had enough authority to change the world and oust his less powerful rival. At first, his plan succeeded since his less mighty rival went into the shadows.

However, in one remote kingdom near the Persian Gulf, several men, completely unconcerned with questions of authority, decided to teach the arrogant person a lesson and paid him back in his own coin.

It seems strange that no one in Vladimir Putin’s inner circle has warned the president about the disastrous consequences of his recent decision.

Why did nobody in the Ministry of Economy, the Ministry of Finance, or in the Council of Ministers recall that the Russian oil market is in the doldrums? Moreover, there are countries like Saudi Arabia that are literally awash in oil. (more…)

Japan confirms 10 people on cruise ship have coronavirus

  
  Analysis
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The cruise ship industry is going to have a rough time

The cruise ship industry is going to have a rough time
Japan has confirmed around 10 more cases of coronavirus among passengers on a cruise ship that had 3,700 people aboard and is now quarantined in Yokohama.
The 10 sick patients from the Diamond Princess were transferred to hospital and the remainder have been held aboard.
The infections all appear to have stemmed from a man who boarded the ship on Jan 20 and disembarked on Jan 25, according to NHK.
The new cases bring the total number of infections in the country to 33 and is a reminder at how quickly a single infection can spread, and how long it can take to have an impact. The ship visited five ports.
As for the remaining passengers, they are about to have their vacation extended by two weeks.
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