Fallout from China’s race to halt its worsening coronavirus outbreak is growing as authorities order lockdowns and other restrictions across more of the country. All 24 million residents of northeastern Jilin province, Continue Reading
China’s stock rout cost the nation’s richest tycoons more than $52 billion on Monday. Zhong Shanshan Zhong Shanshan, known as China’s king of bottled water, led the plunge as his Continue Reading
Citigroup, the American bank with the largest presence in Russia, said it would broaden its planned withdrawal from the country because of the war in Ukraine. Citi, which announced plans Continue Reading
The chief executive EQT believes that the U.S. could easily replace Russian natural gas in Europe, claiming that there is both the ability and the desire to do more. While Continue Reading
Oil output in the Permian in Texas and New Mexico, the biggest U.S. shale oil basin, is due to rise 70,000 barrels per day (bpd) to a record 5.208 million Continue Reading
The turmoil in the global wheat market has abated somewhat, with traders seeking more clarity on supplies from the crucial Black Sea region as Russia’s war in Ukraine rages on. Continue Reading
Escalating sanctions by the West to punish Russia for its war against Ukraine are driving fears that an episode of increased inflation, already at its highest levels in 40 years, will become harder Continue Reading
Senators Elizabeth Warren and Ron Wyden have proposed a windfall profit tax on oil companies, a proposal that was tried before in the 1980s and that failed miserably. While the Continue Reading
Key battery metals are facing a shortage as the Ukraine-Russia war heats up An already voracious commodity supercycle is now witnessing even greater momentum amid fears of major supply-chain disruption Continue Reading
Permian oil volumes hitting record highs Natural gas growth outpacing crude DUC count continues to deplete The US shale oil production forecast was revised downward in March by 116,000 b/d, Continue Reading
