April 10, 2026

surplus

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For the first time! China trade surplus hits $1 trillion in November; exports to US continue to slide

contact@dailyupdatesindia.com03 mins

China ended November with a historic milestone, recording an annual trade surplus of more than $1 trillion for the first time. Official figures released on Monday show that booming exports to markets outside the United States more than compensated for shrinking US demand.The breakthrough came only weeks after Presidents Xi Jinping and Donald Trump negotiated…

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Oil market ‘lopsided’ as output surpasses demand; four million bpd supply surplus likely in 2026: IEA

contact@dailyupdatesindia.com02 mins

The global oil market is tilting towards oversupply as production growth continues to outpace consumption despite a rise in Chinese demand, according to the International Energy Agency’s (IEA) latest monthly report released on Thursday. The IEA projected that worldwide oil production will exceed demand by more than four million barrels per day (bpd) in 2026,…

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