The Danish and Turkish Straits are critical to Europe’s crude oil and petroleum trade

The Danish Straits and Turkish Straits, together transited by a combined volume of more than 5 million barrels per day (b/d) in 2016, are important chokepoints for Europe’s crude oil and petroleum liquids supply. Nearly 59 million b/d of global petroleum and other liquids production moved on maritime routes in 2015.

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China clamps down on buying spree in sports, movies and hotels

Bad news for sports teams, movie studios and hotels hoping for a big Chinese cash injection: Beijing is tightening the money spigot.

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