As a severe power crunch roils China’s northeastern industrial heartland, senior officials face mounting pressure from alarmed citizens to ramp up coal imports thick and fast in order to keep Continue Reading
Ford Motor Co. F 2.76% plans to build its first new U.S. assembly plant in decades, along with three battery factories, to fortify its push into electric vehicles as the industry accelerates green-tech investments. Continue Reading
Highlights Cracker, PDH plants mull output cuts, hikes amid impact on margins Coal shortage further constrains operations in coal-olefin sector Bigger producers can gain — if they manage energy costs Continue Reading
Dutch TTF and UK NBP natural gas prices hit all-time settlement highs on Monday—up 11% as the front-month contract is set to soon expire and the European gas crisis worsens. Continue Reading
The oil industry is “massively underinvesting” in supply to meet growing demand, which is set to return to pre-COVID levels as soon as the end of 2021 or early 2022, Continue Reading
Up to 90% of British fuel stations ran dry across major English cities on Monday after panic buying deepened a supply chain crisis triggered by a shortage of truckers that Continue Reading
Britain’s fuel retail sector, still recovering from the COVID-19 crisis, is facing further disruption after a shortage of truck drivers hit supplies to gas stations and led to panic buying. Continue Reading
Europe’s Energy Crunch Goes Global John Arnold, the billionaire philanthropist who made his fortune betting on natural gas prices, says the energy crisis in Europe should serve as a cautionary Continue Reading
The UK government has temporarily suspended the Competition Act of 1998 to allow oil companies to help each other stock up on gasoline and diesel amid panic buying that started Continue Reading
Britain put the army on standby to deliver fuel from Tuesday after an acute shortage of truckers triggered panic buying that left fuel pumps dry across the land and raised Continue Reading
