The Biden administration on Wednesday criticized China’s decision to cancel a growing number of flights from the United States to China because of passengers who later tested positive for COVID-19 Continue Reading
The northeastern Chinese city of Dalian detected one COVID-19 infection of the highly transmissible Omicron variant of the coronavirus, state television said in a report late on Wednesday. The virus Continue Reading
China detected omicron in a second major port city, deepening concern of a wider outbreak at Beijing’s doorstep and raising the prospect that more foreign businesses might follow Toyota Motor Continue Reading
Over the past two years, China has used some of the strictest measures anywhere to keep Covid-19 out and long succeeded in holding numbers down. But as Omicron poses the Continue Reading
U.S. inflation hit its fastest pace in nearly four decades last year as pandemic-related supply and demand imbalances, along with stimulus intended to shore up the economy, pushed prices up Continue Reading
President Biden and his advisers for months predicted inflation would be only transitory, a temporary problem that would fade as the economy rebounded and as supply chain issues were alleviated. Continue Reading
U.S. crude oil refinery inputs averaged 15.6 million barrels per day during the week ending January 7, 2022 which was 293,000 barrels per day less than the previous week’s average. Continue Reading
With oil prices now sitting comfortably above $80, the EIA believes U.S. oil production will break new records in 2023 While the EIA forecasts record annual production, it does not Continue Reading
Cold temperatures that have increased the demand for heat have catapulted U.S. natural gas futures to their strongest start to a year yet. Year to date, February futures rose 27%–a Continue Reading
The U.S. Department of Energy has spent $1.1 billion on 11 carbon capture projects at coal-fired power plants and industrial facilities since 2009, most of which turned out to be Continue Reading
