China Buys Cheap Russian Coking Coal as World Shuns Moscow
China more than doubled imports of steel-making coal from Russia in March, procuring the fuel at a discount as other nations move to ban deliveries due to the war in Continue Reading
Shanghai allows 4 million out of homes as virus rules ease
Shanghai allowed 4 million more people out of their homes Wednesday as anti-virus controls that shut down China’s biggest city eased, while the International Monetary Fund cut its forecast of Continue Reading
Shanghai’s auto makers set to resume production despite rising infections: sources
Automobile makers face production hurdles amid pandemic Raw material, auto parts shortages reported The automobile manufacturers in Shanghai are likely to restart production in the week ending April 23, although Continue Reading
Climate Crisis? Fund Managers Are Sticking With Fossil Fuel
None of the world’s largest asset managers has definitively called on fossil-fuel companies to stop the development of new oil and gas projects. Surely, one would think, given all the Continue Reading
The Problem With America’s LNG Boom
Europe is desperate to replace Russian gas, which has driven the U.S. to export as much LNG as it possibly can. 12 new LNG projects in the U.S. have already Continue Reading
U.S. Oil Production Climbs Despite Cautious Drillers
As calls for new oil supply around the world grow louder, U.S. shale production is climbing slowly as producers refuse to throw caution to the wind. Drilled but uncompleted wells, Continue Reading
Biden administration launches $6 bln nuclear power credit program
The Biden administration on Tuesday opened applications for a $6 billion program to help nuclear power plants struggling with rising costs as it seeks to stop the generators from shutting Continue Reading
Russian Crude Shipments Shrink 25% in Just One Week
Seaborne flows of Russian crude oil declined by a quarter in the seven days to April 15. Volumes heading to Asia from ports on the Black Sea, Baltic and Arctic Continue Reading
European Gas Rises on Ruble Concerns, Norwegian Maintenance
European natural gas futures rose amid lower flows from Russia and Norway, the continent’s largest suppliers. Russian shipments via Ukraine were expected to be below capacity on Wednesday, after orders Continue Reading
Russia’s Chernobyl seizure seen as nuclear risk ‘nightmare’
Here in the dirt of one of the world’s most radioactive places, Russian soldiers dug trenches. Ukrainian officials worry they were, in effect, digging their own graves. Thousands of tanks Continue Reading