Yongchang Chin
Yongchang Chin is an energy reporter at Bloomberg News, covering the global oil market. Prior to joining Bloomberg in 2024, he was a finance and economics reporter at various news outlets. His primary focus is on the financial and economic aspects of the energy sector, including commodities trading and investment strategies.
100%
The Daily's Verdict
This author is known for its high journalistic standards. The author strives to maintain neutrality and transparency in its reporting, and avoids conflicts of interest. The author has a reputation for accuracy and rarely gets contradicted on major discrepancies in its reporting.
Bias
100%
Examples:
No current examples available.
Conflicts of Interest
100%
Examples:
No current examples available.
Contradictions
85%
Examples:
- Brent traded above $85 a barrel and West Texas Intermediate was near $83.
- OPEC and its allies agreed to extend official crude production cuts into 2025
- Production curbs will continue in full in the third quarter
Deceptions
100%
Examples:
No current examples available.
Recent Articles
Oil Prices Rebound: EIA Reports Biggest Daily Drawdown of US Crude Stockpiles in 2024, Bringing Inventories to Lowest Level Since February
Broke On: Thursday, 18 July 2024Oil prices rebounded on July 18, 2024, after three consecutive weekly declines in US crude stockpiles. The Energy Information Administration reported a drawdown of 4.87 million barrels last week, bringing inventories to their lowest level since February. OPEC+ extended production cuts and Russia announced output reductions, contributing to the rebound. Despite concerns over weak demand from China, US crude stockpiles have declined by over 20 million barrels in the last three weeks alone. OPEC Extends Oil Production Cuts into 2025 Amid Falling Prices and Sluggish Demand
Broke On: Sunday, 02 June 2024OPEC and allies extend oil production cuts into 2025 despite falling global prices, aiming to keep markets balanced and prices high through the US presidential election.