Fostering positive change through investments: Generali leverages its role as a key global institutional investor and asset manager to apply strict ESG (Environmental, Social and Governance) criteria to the Group’s investments.
China’s official NBS PMIs bounced back in March. The manufacturing PMI rose to 52.0, up from 35.7, while the non-manufacturing increased to 52.3 after 29.6 in February.
Oil contracts turn negative amid collapsing demand and storage shortages
Yesterday the short-term forward price for WTI oil turned negative for the first time in history. This was mainly due to the way contracts are settled, but highlights the impact of the collapse in demand on inventories.
The US-brokered deal to cut global production by 10% is proving inadequate as global demand is dropping by 30%
Weak demand following uncertain growth prospects and inventories will keep a big pressure on prices and we do not see any scope for increases before Q3.
The outlook of lower for longer prices is starting affecting oil producing countries and step up the stress on the overleveraged US shale sector.
OIL CONTRACTS TURN NEGATIVE AMID COLLAPSING DEMAND AND STORAGE SHORTAGES
Oil contracts turn negative amid collapsing demand and storage shortages
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